Old credit card debt, student loans or unpaid medical bills are catching up to many Americans. In fact, some employees in the U.S. may lose up to a quarter of their paycheck to collection efforts for unpaid debts. The recession, underemployment and a reliance on credit cards to bridge the gap during difficult times resulted in a number of Americans taking on substantial debt. Thousands of dollars spent on credit cards to make ends meet or pay for an unexpected event soon ballooned into higher … [Read more...]