THOUGHT FOR THE DAY

Growth

“Strength and growth come only through continuous effort and struggle.” - Napoleon Hill

TOPIC OF THE DAY

Economic Growth via Debt Management

By the financial definition of it debt management is the way that involves a third party designated in assisting repayment of his or her debt. Often such management programs are offered by credit counseling companies which provide their clients guidelines through which they can control their initially damaged credit position. On a very simpler note debt management is process by which an individual spends less than he or she earns. However since this system has been into operation for such a long time it is bound to be a stable one so for all purposes debt management is a structured repayment plan designated to a third party either by a court order or by personal initiation.

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