Para ver este artículo en español por favor visite aquí. (To view this article in Spanish, visit here.)
In 2024, Americans owed about $17.94 trillion in total household debt. Most of this debt comes from mortgages. However, due to inflation and rising prices, credit card debt increased by 17.4% from 2022 to 2023. More people are now being taken to court for debt than ever before.
It’s easy to believe that you will never fall for a scam. Unfortunately, anyone, regardless of age, background, and technical savvy, can fall for a scam. Scammers utilize social engineering, which uses human psychology against you to steal your money or information. They impersonate your trusted friends and family. They pretend they’re law enforcement. They say they love you. They email you a link that downloads spyware on your computer when you click on it. They say they’re an employer and ask you to provide your Social Security number as a part of a job application process.
Debt can be hard to manage. Once you fall behind on payments, it can be hard to catch back up. This is because credit cards and some types of loans can have high interest rates.
Para ver este artículo en español por favor visite aquí. (To view this article in Spanish, visit here.)