There are four major issues with consumer debt; 1) it obligates future earnings, 2) a person loses capital to purchases and financing costs forever, 3) in debt to a creditor, and 4) lose control over money to the creditor. In essence, it is an inefficient purchasing strategy.
Consumer Debt
Posted: September 16, 2011 in Money MattersTags: capital, Debt, Financing, Money, purchasing
