But experts say there are ways to recover from having too much debt. For some, using a debt counseling agency is the best way to appease creditors and develop a repayment plan. Others may choose to get a loan and consolidate their debts into one regular payment. Still others may simply turn to family members for help or rely on creating their own budget and repayment schedule.
Fueled by a weakened economy, consumer debt in America has reached an all-time high. The Federal Reserve estimates that consumer debt totaled $2 trillion in November 2003, up from $1.4 trillion five years earlier. Faced with lower reimbursements and often loaded down with school debts, physicians have been part of this trend.
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