There are many reasons why individuals and households find themselves in a non-viable financial situation. Perhaps you have made poor economic decisions in the past, or perhaps you have had some bad luck when it comes to your investments. You may have even lost your job and are now struggling to repay your debts without … Read more
Many businesses fail because of crushing debt owed to banks, private lenders, service providers, suppliers, landlords, etc. If you’re planning on closing your business, it is imperative that you inform your creditors. Thereafter, you have three options: settle the debts in full, negotiate a settlement less than the full amount, or file for bankruptcy. Some … Read more
In today’s volatile macroeconomic business and financial conditions the role of the debt manager is extensive and given the newer trends and challenges it is all the more difficult. Therefore, to manage such challenges in debt management it is essential that the debt manager has sound knowledge about the public policy, financial sector and also … Read more
Most of the business in modern times runs on credit. From suppliers to customers, business is based on credit transactions mostly and hence a chance of debt formation is inevitable and unavoidable as well. What you can do is manage such debt effectively and wisely to prevent its accumulation and reaching unmanageable limits hen situations … Read more
The software engineers of all over the world faces and recognizes technical debt and considers it as a problem that needs to be addressed at the earliest. But the problem lies in the control and management of technical debt as most of the software engineers lack the methods and does not have proper tools to … Read more
Debt consolidation might seem easy for doing on your own, but it is not so unless you are guided by a financing professional who has adequate experience and knowledge on the subject. The financial option that is often used by people as the last resort before heading for bankruptcy acquires immense importance in the way … Read more
Small businesses and large corporations both are known to struggle equally with loan repayments. There is absolutely nothing wrong with looking for financial assistance for growing your business but if you fail to pay back the loans, those debts could lead to the loss of the company that was set up as a result of … Read more
If you are one of the millions of Americans searching for an effective way out of the credit card debt trap, then you could look to get assistance from one of the many credit counseling agencies that promise to get you back on track effortlessly. However, approaching the wrong company could mean that your problems … Read more
Debt is often unavoidable, but in these uncertain economic times, it makes sense to avoid debt wherever possible. The problem is, we live in a society where instant gratification is the norm. If we want something, we buy it. It doesn’t matter if we can’t afford it because credit is readily available. But whilst this … Read more
In the modern age many companies have fallen victim to recession and the fluctuating marketplace. This is very worrying for employees as they could easily find themselves out of work. So how do you know if your company is having problems? Look Out for the Signs If you think there is something to worry about, … Read more