Debt management

When a business needs money for expansion purposes, it can choose between two main financing options: debt or equity financing. Debt financing means borrowing money that must be paid back with interest, while equity financing means giving up part of the business in exchange for cash. At first, taking on debt may seem risky, but…

Accumulated debts can cause you stress and headaches, especially when you are not in a position to repay them once and for all or rather struggling financially. In this article, we have discussed in detail the debt repayment plans, why they are important, and which plan might serve you better. Debt repayment plans help you…

Debt consolidation is often seen as a quick fix for managing multiple debts. It involves combining several loans or credit card balances into one single loan, usually with a lower interest rate or longer repayment period. While this may sound helpful at first, it can come with serious hidden risks that many people don’t realize….

Debt is when you access money, goods and services on credit and promise to pay later, maybe with or without interest as per your agreement. In business and general life, debt is very important as it enables you to get what you want without necessarily having cash. Debt repayment is the process of paying back…

With the prevailing global economic and financial challenges that are gradually increasing, the impacts are directly and indirectly hitting individuals and businesses. The most common impacts are unemployment, inflation and high costs of living. Most people find debt to be a solution or a temporary relief from some of the financial challenges. The other side…