Are You Prepared for Rising Debt? 5 Key Factors to Watch!

Is Your Debt Out of Control?

Here's Why It Might Get Worse!

Inflation, Interest Rates, & Debt: What You Need to Know Now!

https://lnk.bio/creditrepairjamaica

Hey everyone. Recently, on my #CreditRepairServices platform, I’ve been talking with a few people who aren’t worried about their debt and don’t understand the importance of eliminating it now.

So today, I created 5 reasons why #debtchallenges will likely get worse for people with debt over the next few months.

1. Rising inflation. When inflation increases, things become more expensive and it becomes harder to find money to pay off debt each month.

2. Rising interest rates. When banks raise interest rates, your monthly payment can increase which can make it harder to pay off debt.

3. Record high debt. Consumer debt just hit an all time high above $16Trillion and it’s projected to continue increasing which means people are taking on more debt.

4. Rising credit card balances. In Q2 of 2022, credit card debt increased by over $71 Billion. Increased debt coupled with inflation and rising interest rates is a recipe for disaster.

5. Personal observations. In the last few weeks, I’ve had more conversations with people about debt than I have in the last few years. If you’re worried about debt, you’re not alone.

There are many others who are in the same situation as you, and now is the best time to get started.

www.creditrepairja.com

I’m curious. If you have debt, what are you doing to manage it? How do you feel about your debt? Would you want to help others in the community get free from debt? Learn more at www.creditrepairja.com. 

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www.creditrepairja.com