A lot of people are uncomfortable with the total amount of household debt they have. Furthermore, most of them do not have a financial plan, proving the majority of people have no intention or definitive strategy to manage the amount of debt they have accumulated.
These are great news for banks because if they are unsure on how many will stop being a slave to debt payments and actually make a change to their current lifestyle they will be making big money during years. I recommend these two articles for those with debts problems:
Debt help for high risk borrowers
Can a debt management plan save your home?
Some borrowers don't seem to have the debt advice to know the differences between good debt and bad debt and have little idea how to choose the right path towards financial freedom.
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