Loans and debts have become a serious problem for most people. Many people declared bankrupt or nearly bankruptcy for unable to pay their loans and mortgages. I try to minimize my debt as much as possible to avoid building up burden of debts. I am take my debts seriously, I try to pay off debts quickly as I can. I usually spend cash on my daily meal and shopping, and don't use credit cards often to avoid the charges of high interest rate by the banks. Some people I know use their credit card very often and spend more than they earn, ended up having difficulties to pay up to the bank by the end of the month. The Debt Management Plan
is very helpful for people who have a lot of debts and close to bankruptcy. People can have a new fresh start, free from debts.