Scary stories and fiendish tales are all part of Halloween fun. But the last thing you expect is for those spooky stories and tricks to be played out in real life.
Debt has become the American way. So has denial. Super-high debt levels paired with serious denial can be downright terrifying. While not all debt situations reach critical levels, when they do, the response must be equally severe.
Kevin, 24, has $19,000 credit-card debt, drives a heavily-financed $45,000 fancy high-performance car ($580 monthly payments) and still lives at home because he cannot afford to move out. He can barely afford to eat because, in addition to his debt, he pays $2,400 a year for car insurance and $3,000 on gasoline—all on less than $32,000 annual income. Extreme debt.