Recent debate on debt sustainability in Argentina has put forth the need to establish new parameters into the international credit institutions' debt sustainability assessments. The article provides a situated critic of standard assessments while delving into the core of the debt sustainability discussion....
If you do opt to co-sign a loan, make sure that in a worst-case scenario you can afford to pay off the debt to avoid a lowered credit rating or legal action. Often, you can negotiate the terms of your obligation with a lender by asking to limit your liability to just the loan its...
with none of it going toward the principal, so your debt never gets smaller. Negative amortization loans go even further: The payments you make on them aren’t even enough to cover the interest. Each time you make a payment, the unpaid...
Predatory mortgage lenders take advantage of inexperienced homebuyers and poor credit risks. Learn about predatory lending and how to avoid a con.
How can someone tell the difference between the sort of student debt that we’ve been talking about earlier, which limits choice and which traps people, versus the sort of debt that lots of good businesses have absorbed before going on to bigger and better things?
With a secured debt, lenders can repossess the property if you default on your loan, which is why interest rates for these types of loans tend to be lower than with unsecured debts. Lenders take on less risk if they have the right to reclaim and resell the property in cases of non-...
Under capitalism and the free market, everyone's offered the same opportunity for success. That said, this shot at the big time is a largely theoretical one. Some entrepreneurs simply don't meet the criteria that lending institutions rely on to avoid risk. Most bankers are, after all, ...
Without addressing overspending or financial mismanagement, borrowers risk finding themselves in a similar debt predicament later on. Think carefully about how your debt burden grew to begin with, and make long-term changes to your spending and saving habits to avoid falling into the same trap in ...
Understanding the mechanics of credit card interest empowers you to proactively manage your debt, make strategic repayment decisions, and avoid the pitfalls of prolonged indebtedness. By grasping the factors that influence interest calculations, such as the average daily balance and the annua...
How to Avoid Traps when Loaning Money? We all strive hard to get that dream house, dream car, or even provide a better life for our children or parents. All that hard... List of top 10 Accounting Software in India for Small Businesses Looking for the first-class accounting software progr...