Count yourself lucky if you've no debt related problems. But regardless of what your financial sitation may be, you'd still find this personal account of a credit crisis both chilling and illuminating.
You'll see just how slippery a slope the debt spiral can be. More importantly, how one can go from being financially sound to being avalanched by a mountain of debt in a short period of time.
Awareness of the onerous terms that creditors were seeking proved to an inadequate defence. The writer, believe it or not, is a financial journalist who had written about sub-prime mortgages. One emotional slip was all it took for the misery to follow.
The price of financial independence? Eternal vigilance.
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