Inflation and the impact on your debt

Inflation and the impact on your debt

 

Tackling Inflation And Your Debt

It is a cold fact that everything is getting more expensive, in this report we look at inflation and the impact on your debt.

Inflation is cruel, making the cost of what you need today like gas, food, clothes, and just about everything more expensive. For many that have incurred debt like mortgages, car loans, credit cards, and medical debt, inflation will surely require hard choices. Debt that was manageable 6-12 months ago maybe no longer. It does not take long for missed payments to be sent to collections, repossessions, and foreclosures.

What Is Inflation

The IMF (International Monetary Fund) describes Inflation as:

“The rate of increase in prices over a given period of time. Inflation is typically a broad measure, such as the overall increase in prices or the increase in the cost of living in a country.”

Frankly, it means the things you need for…

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