More and more people are using their credit cards to pay for their primary expenses. Why? With increasing gas rates, rising cost of groceries and even cost of sending youth to college has increased what are we to do? One thing that is apparent to me is the cost of living is not keeping up with the all these increases. People are becoming discouraged and trying to make ends meet the best they can. Mortgages have financed houses. Based on the fact that people cannot keep up with all the increases, they end up losing their home. If you are a mortgage banker or broker, share a story that you hear all the time regarding people’s debt.
