My son and daughter-in-law in debt due to overspending
My son and daughter-in-law are both well-paid professionals who have gone a little overboard in their spending lately. Glenn is an electronics nut and has to have the latest technology in TV’s and computers, etc. Dana on the other has charged up hundreds on spending sprees on clothes, shoes and holidays that just had to be had “right now”. All this unnecessary spending has lead this couple into all sorts of debt. They neglected their minimum payments on credit cards, and their mortgage payments went in arrears. They had accumulated nearly $30,000 worth of unsecured debt made up of credit cards and personal loans. Needless to say Glenn and Dana have had to drastically change their lifestyle and they are currently making a large monthly payment to a credit card debt settlement company to get some relief with the credit card debt.
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