Burlingham Associates Inc

Debt climbs in many ways. It can climb if you gradually fall behind on credit card payments until it is impossible to get caught up, or by only being able to make minimum payments. It can climb as a result of job loss or job layoff, leading to an unexpected drop in income. It can climb as the result of illness or divorce. Addictions can also play a role. Business failures can cause substantial debt obligations. As a result of the financial strain, people often feel they have nowhere left to turn.