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Credit Card and Debt Statistics Database
by Scott Bilker
Scott Bilker is the author of the best-selling books, Talk Your Way Out of Credit Card Debt, Credit Card and Debt Management, and How to be more Credit Card and Debt Smart. He's also the founder of DebtSmart.com. More about and DebtSmart can be found in the online media kit.
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Why Bankruptcy

Many people cited overextended credit (55.2%), unexpected expenses (52.3%), and reduced income (46.3%) as causes of their financial distress. Others are job loss (33%), illness or injury (31%), and divorce (15%).
        Categories:  Bankruptcy
        Reporting Pub:  Consumer Reports - Money Advisor
        Reporting Date:  7/1/2007
        Article Title:  Why People Seek Bankruptcy Protection
        Article Author:  Staff
        Pub's Source:  Institute for Financial Literacy
        Source URL: 
 

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