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Hoarders: Buried in debt

(Hoarding In The News) Permanent link

The financial impact, however, is often just as distressing. "About 75 percent of people with hoarding problems buy excessively, with over half qualifying for a diagnosis of compulsive buying,"says Randy Frost, professor of psychology at Smith College and author of "Stuff:Compulsive Hoarding and the Meaning of Things." "Hoarders tend to have lots of credit cards and pile up huge credit card debt," says Frost.

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