How do people start to become habitual debtors?

[Fidelia]

I have seen people that just can't do without owing debts. They are indebted to several people such that their lifestyle is a life of debts. I am just wondering, how do people start that cycle such that they are able to owe debts without feeling remorse?

 

[eLdavis]

The same way people get addicted to alcohol and drugs, they start small and it becomes a habit, this is the same way people get addicted to debts.

 

[Starmix]

This could happen to those who lack self control and financial literacy. Once they start borrowing money in a bank , lending companies or to people they know these debtors cannot anymore exit their bad habits of overspending. They can end this habit once they are fired from work or their families leave them for being irresponsible.

 

[Kross]

They just start as a result of desperation for financial needs and soon fall into debts everywhere they turn.

 

[Min George]

When people no longer feel guilty about owing debts, it is certain that they would eventually turn to habitual debtors.

 

[Springtime]

When they get used to borrowing money to maintain a certain lifestyle, they just get addicted. Another possible reason is they really do not earn enough to sustain a living.