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LaToya's Credit / Debt Blog

By LaToya Irby, About.com Guide to Credit / Debt

Bankrate: 7 Deadly Sins That Lead to Debt

Thursday February 28, 2008
Playing on Dante's "Inferno", Bankrate takes a look at the things that lead to debt - the 7 deadly sins. A few of them include:
  • Envying the rich and famous. If you're not also rich and famous, trying to emulate the lives of the celebrities you see on tv and read about is a sure way to get yourself into debt.
  • Allowing greed to influence your purchases. Many people get trapped by the mindset, "I'm borrowing anyway, why not borrow more?"
  • Everyone knows sex sells, so why do we continously allow lust to control our purchases?
Get the full list of Sins at Bankrate.

Debt Management Resources:
Do You Have Too Much Debt? | Spending Habits That Lead To Debt

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