In order to reduce debts, and be eligible for loans and credits with better interest rates, you can try to repair your credit scores. Credit scores are the reports which provide evidence of your credit behavior in the past, and thus offering your creditor the insight into how big a risk you will be for him, when giving you the money. Repairing your […]
Late Payments, Credit Control and Debt Recovery
For small and medium sized businesses, late payments can become a tricky issue. Unpaid debts can have a severely detrimental impact on a business, especially when those businesses have no formal arrangements in place to ensure timely payments from their clients. Many businesses have folded as a result of late payments, so it’s a problem […]
How to Reduce Debt on Your Own
** Author’s note: While this article uses a Canadian example the same can be applied for the United States and other countries across the world as the principles of personal finance are the same regardless of the country. ** According to Statistics Canada the average personal debt to disposable income ratio in Canada was still […]
How to Avoid Accumulating Business Debts
Business debt can be considered as necessary as it can serve as a lifeline when the venture needs additional capital to continue operations or to expand. However, if not controlled and managed properly, business debt can possibly cripple it. Accumulation of too many financial obligations can lead to possible bankruptcy. That is why it is […]
Some Options to Manage Your Debts Easily
Are you under the pressures of recurring debts that you took as loans a long time ago? Have you not been able to pay back the loans in time and now you are afraid that you have to take debt help from the different debt management bodies? Do you think that the creditors will not […]
Erase Your Debts with Equity Release Plans
Today, clearing the burden of debts has become easier with the introduction of the equity release programs. Earlier when people had a huge amount of loan on their shoulder, they used to make the mistake of taking further loans to eliminate the previous debts. But this act of foolishness only doubled their trouble. They were […]