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Others emptied their coffers trying to keep up with repayments.
The first recorded laws had to do with repayments and repossessions.
Meanwhile, lending on credit cards stayed stable with repayments continuing to outstrip spending.
People struggle to keep up with repayments to the bank, or even to eat.
In Britain, the Green Deal offers loans over a 25-year period, with repayments added to energy bills.
Once interest rates rose and credit became more expensive and harder to obtain, many struggled to keep up with repayments.
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Also, the loans come with repayment options and loan forgiveness programs that mortgages do not have.
More importantly, it found that they tended to show forbearance with repayment difficulties.
Neither of the new programs help with repayment of private loans made by banks or other lenders.
You can see your debt in colorful charts, play around with repayment plans, and, once you start paying your loans, you can see the numbers start to fall.
Households with repayment mortgages saw their bills fall less during the financial crisis and would in turn see less of a painful increase.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com