America has a problem with debt. Whether it be mortgage debt, student loan debt, credit card debt, subprime auto loans, predatory payday loans, or any other number of debt sources, everyday people are falling into a financial hole and are unable to get out. We live in a country that seems built to funnel middle- and working-class Americans into a cycle of never-ending debt payments, and then sell them debt management and/or debt settlement solutions designed to extract as much money from them as possible before they collapse.
How big is the problem? Consider that: