Our friends across the pond, put us in check about the worsening debt situation that exists today."Louise Brittain, head of personal insolvency at accountants Baker Tilly, said: 'There has been a huge cultural change. We live in a now, pay later' or even 'buy now, don't even think about paying later' society. 'Millions are living beyond their means because they think they are entitled to do so. They are living off 'buy their credit cards."
That being said, some of these peep's in the worst cases are "passed the point of no return". Now, might be a good time to send the plastic to the shredder.
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