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Credit card debt is the most dreaded conversation topic, study says


In the survey conducted for the consumer credit card review website, 85 percent of respondents said they’d be somewhat or very unlikely to discuss their borrowing debt with a new acquaintance.


When you first meet someone new, you're unlikely to speak about subjects that reflect negatively on you or that could offend your new friend. Though politics and religion, long named the two untouchable topics for any dinner conversation, may first spring to mind, a new study conducted on behalf of CreditCards.com found that credit card debt is actually what Americans fear talking about the most.

In the survey conducted for the consumer credit card review website, 85 percent of respondents said they'd be somewhat or very unlikely to discuss their borrowing debt with a new acquaintance. Credit card debt beat out other subjects including salary, mortgage payments, weight, love life and health problems.

Overall, only 50 percent of those surveyed as part of the study said they would be unlikely to mention politics, while just 60 percent of respondents stated they would not bring up their faith, meaning that credit card debt was by far the leading answer.

“Credit card debt, you know, does have a stigma,” Lucia Dunn, an economics professor at Ohio State University who has studied consumer attitudes toward debt, told CNBC in an interview. “It implies a lack of self-control.”

If your credit card debt is causing you stress and discomfort, you can reach out to financial experts for assistance. At Atlas Law Firm, our Twin Cities bankruptcy lawyers can meet with you to answer any frequently asked bankruptcy questions you have and inform you of whether a personal filing could alleviate your financial concerns.

We're one of the best bankruptcy law firms in the state, and we pride ourselves on our ability to schedule free consultations immediately while providing Minnesota residents with effective options they can use to once again get on the path to a brighter financial future.


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