With the discovery of a credit card that people prefer to pay their bills with their children. What most people do not understand is that you end up paying more than they otherwise pay in cash. This was known as one of the main causes of failure. The interest on credit cards continues to weigh on more items you buy, use it to accumulate. As the interest builds up, you reach a point where, outdated and "to pay the interest on aaccumulated.
Bankruptcy is also caused by small loans that people with the acquisition of goods. How you do this to keep the interest charged on the card is escalating. In this way ends the buyer pay for what he bought years ago, instead of saving for the future. This is seen by many people as a snowball in the accumulated debt continues to grow through the designated high interest account. This habit in the long term lead to addiction, to be declared insolvent for some leads.
Another reason for thisthe disease, especially if the person or a family member has a chronic illness, hospitalization and expensive drugs needed. This leads to high medical costs due to longer time spent in hospital. This is especially true for those who have no health insurance.
And "recommended for one to consult a financial expert in financial matters as a way to avoid bankruptcy. Financing option may seem a cheap way to go, but at the endbe expensive in the long run. Worse, it could end up getting an addiction that can cause an individual harm than good, at the end of everything.
Source: http://finance-bankruptcy-medical.chailit.com/the-causes-of-failure.html
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