Our Turbo blog recently published an article highlighting the top reasons why people are in debt along with suggested fixes and next steps. The five categories include: Not using a budget or trying to track spending Lacking an emergency fund Borrowing money for college Using credit cards as a clutch Incoming is lower than expenses Can you relate and have you gone into debt for any of these reasons? If so, where are you on your debt journey? People go into debt everyday for a number of different reasons and whether you’re looking for advice or you’ve been through it yourself, we would love to hear from you.

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Question

Featured Discussion: Common Reasons You May Be in Debt

Forum|Forum|7 years ago
September 6, 2018
59 replies
0 views

Our Turbo blog recently published an article highlighting the top reasons why people are in debt along with suggested fixes and next steps.

The five categories include:

Not using a budget or trying to track spending
Lacking an emergency fund
Borrowing money for college
Using credit cards as a clutch
Incoming is lower than expenses

Can you relate and have you gone into debt for any of these reasons?

If so, where are you on your debt journey?

People go into debt everyday for a number of different reasons and whether you’re looking for advice or you’ve been through it yourself, we would love to hear from you.

Other

Show previous replies

debbie7

I already did

Ice

Medical, School loans, car, savings just doesn't cover expenses!

Lovemyrosie

Thank you

No comment

Flygal

I used the app debt free. You list all your bills, ( cc, car payment, mortgage, etc) dates due, how much you owe, payment amount each month and it can generate reports on when you will be debt free! And it’s free!

hargisP1

Your so called credit report has wrong information for me. It shows I have debt and a loan which is false. And Turbo Tax has screwed up my taxes three years in a row. BYE>

Perez

OK so I do have a car payment of 430.00 and I did have the money but its not where I put it..I don't loose things often but it gone! Other than that I don't believe I have any more debts. If I do I then I will find out. This my response back on this statement..Thank You!

Alison11_2

Good concise reasons that everyone should be able to understand and implement.
Thanks, Turbo.

Sincerely,
Alison D. Gilbert, The Credit Card Maven
https://www.facebook.com/CreditCardMaven/

Tennman

My credit report may be better ifTurbo Tax would return my $98.00 when an accident happened and I hit the pay before any application of monies and you denied my refund after I had to file through another co. Before the deadline.

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