Disadvantages of debt

Usually the people is not given the education necessary to acquire a debt, therefore, often with poor learning experiences arising from a wrong use of them. Lack of control can lead a person to mortgage their future finances and sometimes, indefinitely.

Debt, particularly through credit cards, give a feeling of power that is greater than in reality, therefore, if it is not clear this point you can enter a spiral of debt that can easily impair a person's monthly budget.

Complementing the above, the use of debt may be in some cases, the result of mismanagement of personal finances, who can not achieve their goals with their income trying to do it through debt. The problem is that if the person does not know to manage their income, will find difficult to manage their debts.

The debt obligations (mostly monthly) which reduce the income of people forced to set aside money from its budget to honor commitments with financial institutions.

The wrong use, indiscriminate and uncontrolled of debts can lead to physical and emotional collapse of persons and their families. So always be emphasized that a person must at all times control of their debts and not the reverse. Once, talking with a psychiatrist told me that most of his private practice was for patients with financial problems (caused by debt) and problems related to sex. That is, it can be inferred that the debt and enrich the sex therapists.

A negative and erroneous use of the debts, the debtor can bring your personal and financial information to enter risk rating systems, which almost immediately, it will hamper access to credit with other banks. As can be converted to an unwanted person for financial institutions.

Remember

A person should always have control of their debts and not the reverse.