What has in reality been responsible for the US financial crisis?

For the most part the explosion and bursting of the mortgage sector is responsible for a huge portion of the debt across the US, credit cards are equally as accountable. Credit card debt has been on the rise for decades and is only growing worse during a time like this. More than ever, debtors have been forced to charge away, for the most part due to the declining of the marketplace. Tons of consumers are getting by because of their credit cards. The sad part is, that will simply go on for so long before it puts your back against the wall. A lot of people find themselves robbing Peter to pay Paul by paying one credit card bill with the next. Credit card debt relief is an extremely slow process, no matter which system you take.

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