Today millions of people carry debt burden upon their shoulders. These can be house loans, credit card debt, mortgage, student loans, personal loans or some other kind of debt. Although most people make so much effort to get out of the debt trap but many of them falter on the way but it simply doesn’t mean that it’s the dead end and the trap stays permanent. One could get out of the debt jail by simply following a flawless debt management strategy. Below listed debt management mistakes can be avoided by adopting a skillful debt management strategy to tackle the…
Debt
When times were good it was easy to be casual about money. Credit Card Companies used an aggressive marketing strategy offering all kinds of incentives to consumers to take and use their cards. They often gave unsolicited credit limit increases and such temptation was often too hard to resist. Inevitably people often lived beyond their means and used credit cards to withdraw any money needed to meet their financial obligations. They often simply made the minimum 5% payment to comply with their cards’ regulations. Their debt almost crept up without their noticing and when the recession came there were many…
