r credit could be viewed negatively because the information isreported to the credit bureaus? This leaves you, the consumer, with a bad credit report.Household debt and bankruptcy are at record levels and appear to be on the rise. Until we as consumers begin to educate ourselves and stop living beyond our means, we only have ourselves to blame. In conclusion, although consumers are not forced to buy, most feel compelled topurchase goods and services because they need them and do not want to wait. Rather than saving they go into debt, the most common of which is installment debt....
