Category: Managing Debt

Debt Maxxing: Why Accumulating Debt and Not Repaying It Can Hurt You Financially

People on YouTube are borrowing money and bragging about living off debt and not repaying money to creditors. It’s a slippery slope that can lead to financial trouble. This practice is known as “debt maxxing” or debt maxing. You borrow money up to your maximum limit to buy material things or invest it. However, there’s…