Some people collect coins. Some collect stamps, figurines or even luxury cars. But some people collect debts. Yes, there are those people who have a pile of credit cards on their hands on top of their house and car mortgages and several other personal loans acquired from emergencies or other purchases. While these people may be confident that they can pay the monthly minimum required by the banks, the sad truth is that they are actually miles away from being debt free when they do that. [Read more…]