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Personal loan debt hits a 20-year high as more Americans borrow to pay bills

Personal loan debt hits a 20-year high as more Americans borrow to pay bills
Photo: WXYZ Channel 7 (ABC Detroit) - News · view original

David Merowitz said he racked up thousands of dollars in debt after losing his job during the pandemic. To dig himself out, he took out personal loans, including one to help cover credit card bills. "At the time, I was struggling as a father and as a business owner and with the economy at the sam...

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