Archive for August, 2015

National Debt Crisis in Developing Countries: an Overview
by in Finance

National Debt Crisis in Developing Countries: an Overview

The debt crisis in developing countries was partly responsible for the deterioration in welfare levels in many countries in the eighties. It also resulted in the development of different models to analyse a situation whose starting point is a high debt. In this article, diverse aspects of this theory are presented. In the mid-eighties, the idea that a debt of [...]

Read more ›
Do I Have to Use a Debt Settlement Company to Deal with My Collectors?
by in Loans

Do I Have to Use a Debt Settlement Company to Deal with My Collectors?

Dealing with debt settlement firms can prove a risky practice. Sometimes, such firms and companies promise more than they can provide to their clients. Some of your lenders may also avoid working with the debt settlement firm you chose because, in many situations, the debt settlement firm may not pay your debts entirely or in time. The firms often claim they [...]

Read more ›
When is it Worth to Consolidate Your Debts?
by in Loans

When is it Worth to Consolidate Your Debts?

Debt consolidation is not usually a solution for most people because it does not solve the problem. Then, there is a danger that people – if they continue with that pattern of spending – to reach an even worse situation: keep borrowing more (they may have consolidated the debt but continue using credit cards just to pay for current spending). [...]

Read more ›