Debt is on the rise. This recent Bloomberg article reflects the mounting consumer debt in America. Sacramento consumer debt is no different. The Bloomberg article portrays trends in consumer debt. It analyzes debts aside from mortgages, and the trend is clear. Consumer debt is up. It is up in Sacramento the same as it is in the rest of the country.

The alarming part of the story is that income is not keeping up with the mounting consumer debt. This debt is primarily credit card debt, personal loans and payday advances. They are high interest loans. If this trend continues, something has to give. Consumers, likely, will be left holding the bag. But how?

Mounting consumer debt does not pose a problem if income is up. But it is not. At least not to the degree debt is up. When income cannot keep pace with debt, defaults result.

For those living with increased debt, bankruptcy can help. Bankruptcy is a legal process to eliminate debt. Credit card debt and personal loans are often the cause of filing bankruptcy. Payday loans only makes matters worse, and there are a lot of those loans out there. The common denominator to