Trapped in debt? Here’s how to get out of it

Once you get into the habit of using credit cards by paying the minimum amount, your free credit period is over. For all purchases from next month, you will be paying interest at the rate of 36-48% a year. Photo: iStockphoto Experts say debt usually has a major impact on emotions. Mounting debt can bring stress and unhappiness. However, the good news is if you deal with it systematically, you can get out of the trap sooner than you expected. If you are one of those who has been struggling…

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Spotify raises $1billion in ‘debt financing’

Music streaming company Spotify has raised $1 billion (£695 million) in debt financing to take on rivals Apple, Tidal and Google. First reported by the Wall Street Journal, the deal was later confirmed by Spotify according to Techcrunch. Unlike equity, debt financing allows Spotify to add to its resources without potentially accepting a lower valuation in the process. The move is thought to be an attempt to safeguard against the increasing business threat of Apple Music, and to allow Spotify to make strategic acquisitions and spend on research, as well as marketing. The money comes…

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How to Save Money through Debt Settlement

If you are among the many people who are dealing with debts that continue to pile up, you need a viable solution. When making an effort to eliminate debt from your life, you require solutions that are effective and beneficial. Practical Debt Solution Debt settlement is one of the ways that many people use to reduce their debt. It can help you save significant amounts of money through negotiations with creditors to enable you to experience a reduction of your debt. This option typically makes it possible for you to…

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Tips to Consolidate Business Debt When Faced with Financial Distress

A sudden and a drastic change in your cash flow may affect your business adversely. Your business could face the risk of bankruptcy or the unexpected change may hamper your capacity to repay existing debt. It is under these critical financial circumstances that you should chalk out a debt consolidation strategy. How do Difficult Financial Times Take Control over Your Business Every business entails a certain degree of risk and every budding entrepreneur has to take some calculated risks from time to time for smooth running of business. An entrepreneur…

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Using a Consumer Credit Counseling Service In Order To Get Debt Relief

There are several different forms of debt relief. Companies like National Debt Relief – https://www.nationaldebtreliefprograms.com/often have several different debt relief packages on offer as part of their service. The general rule of thumb when choosing a good company to help you out is to pick a company that has as many options as possible. Debt relief companies that have several options to help you get out of debt are a good idea because your choice of options will not be limited to only what is available, but rather to what…

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