Avoiding the American Debt Trap

Many institutions in the United States have becoming increasing predatory over the past few decades, among the most notably being: student loan providers, mortgage loan providers, credit card companies and the health care industry. While some of this debt is accrued through misfortune or bad decisions, a good chunk can be accredited to the debt holder having been misguided or misinformed. Many of these industries prey on a person’s sense of self worth and convince them that they are buying a ticket to the American Dream. In reality, they are more likely buying a ticket into indentured servitude. Continue reading