Tuesday, October 6, 2009
About this blog
Debt can be very aptly described as a LOOP which is easy enough to get into, but hard to get out of. As it has been aptly quoted ‘Debt is the slavery of the free’ (by Publilius Syrus). There is nothing which can’t be solved and hence even the debt related issues is not something which doesn’t have a solution…..the path to be taken may be tough and hard but as said if the will is strong nothing is impossible.
Solutions should be worked on fast else this would slowly creep and spiral us into an inescapable prisoner. Hence the earlier one works out solution to it; the faster would be one’s escape to a life of freedom from the bondage's of debt.
It might be a question haunting behind your mind why this initiative taken, but there always has to be one who needs to start. My best efforts would be always there to provide solutions to your debt related queries.
So guys never accustom yourself to consider that debt is only an inconvenience; you will very soon find it a CALAMITY!
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Types Of Debt
ReplyDeleteSecured debt.
Unsecured debt.
A loan in which the debtor pledges some asset as collateral becomes a secured debt owed to the creditor who provides the loan.
An unsecured debt refers to any type of debt or general obligation that has no collateral.