Over the last few years I have struggled with debt. Many of the crises have been brought on by myself and stupidity. I have took out loans to try to pay off another loan and it has lead to a ballooning crisis. I never thought much about personal debt until having to deal with this crisis. Once you get in debt there are very few options to help you get out of it. I currently have over 200,000 dollars in student loan debt, A mortgage that is 196,000 dollars, and over 25,000 dollars in medical and credit card debt. I know my case is an extreme example but I have seen many people struggle with this burden. Yet I know some of the blame lies with the decisions I made.
I often wonder how many people struggle with these decisions on a daily basis and are trying to find help like I am. I wish there was a way to organize people together to have more influence in our own decisions. Personal debt of individuals can lead to larger economic crises if it becomes to large. I wonder what specific policy proposals, or charities help with this situation? any advice would be greatly appreciated.