by Ean | Sep 17, 2021
If you’re buying something unnecessarily or purchasing something that has little value after its initial sale, this is known as ‘bad debt’. This ‘bad debt’ is usually associated with expenditure on credit cards, at retail stores, and for lifestyle purposes. For...
by Ean | Sep 17, 2021
A debt cycle is whereby you are unable to pay off your existing debts, and end up having to borrow more and more money to cover costs. This often happens when the interest rates of all your owed debts end up outweighing your incoming cash, therefore causing a shortage...
by Ean | Sep 17, 2021
Understanding interest is important to managing your debt and keeping track of how much money you’ll owe throughout your repayment period.The interest-rate is the charge or percentage that you’ll pay for borrowing the money on top of your primary borrowed amount....
by Ean | Sep 17, 2021
Debt is the amount of money that you owe to someone else. This could be your friend, a private lender, bank, shop, or institution such as a school or university. Taking credit, in the form of money through a loan, makes you indebted to that person. The more money you...
by Ean | Sep 17, 2021
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