The United States is facing an unprecedented financial crisis. As many as 50 million Americans have stopped paying their creditors, causing a massive disruption in the country’s credit system. This development has sent shockwaves throughout the economy, with lenders trying to minimize the damage while consumers struggle to manage their increasing debts. The American economy has faced many challenges recently, but none are as dangerous and pervasive as the credit crisis. With over 50 million Americans ceasing payments to creditors, the situation has escalated beyond warning signs to a full-blown economic emergency. This is why people are falling behind on payments, and now the consequences of increased consumer debt begins.