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Infographic: Causes of Debt

causes of debt

When people think of debt, they most often think of credit card debt. However, a significant amount of people’s financial worries actually come from some slightly more unexpected causes of debt.

Currently, some of the largest contributors to debt are medical bills, divorce fees and settlements, and student loans. There are other known causes of debt but these seem to be the main factors and contributors. Below in the infographic there is a breakdown of how all of these expenses can drain a person’s income and sink them into deep debt.

For more information about different kinds of debt or for help eliminating your debt, contact one of our certified credit counselors today. Give us a call at 866-699-2227, the phone call is free and confidential. No matter what the cause of debt may be, we can help! We are a National Non-Profit consumer credit counseling agency that has been assisting individuals since 1968.

Causes of Debt

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