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Banking Credit Scoring Debt About Contact Search for: Top 7 Long-term Consequences of Debt Posted on February 3, 2021 February 5, 2021 By Amelia No Comments on Top 7 Long-term Consequences of Debt Debt A little credit today becomes massive over an extended period. Afterward, it overwhelms and sucks the life out of you. Being indebted has adverse effects on your present and future lifestyle. For example, you must commit about 40% of your monthly income to service your loans. Here, we analyzed the top seven l
It directly impacts your financial rating .