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It is the same as war... profit. If nobody was in dept, even millionaires, then nobody would make any money. War is profit because without misery and destruction, we would have no reconstruction and that is what we live for, the building of our lives. Where there is no room, we make room. Sad as it seems, but without war and debt, as a society, we would stagnate.
What else can I help you with?
What is consumer dept?
Consumer debt is the debt (money owed) by people as opposed to the debt of institutions, governments or businesses
Debts owed by a business are called?
Debt held by businesses is called Business debt
What is considered a good debt ratio for individuals or businesses?
A good debt ratio for individuals or businesses is typically around 30 or lower. This means that the amount of debt they have is 30 or less of their total assets. A lower debt ratio indicates that they have less financial risk and are in a better position to manage their debt.
How can one learn how to reduce debt?
Someone can learn how to reduce debt from a number of websites such as Debt Canada. Debt Canada provides individuals and businesses with debt counselling services.
Where can I find information on business debt counseling?
A business debt counseling center will have credit counselors that specialize in helping small businesses get out of debt and to optimize their profits.
How does debt lending impact the overall financial health of individuals and businesses?
Debt lending can impact the financial health of individuals and businesses in both positive and negative ways. On one hand, taking on debt can provide access to funds for investments and growth. However, excessive debt can lead to financial strain, high interest payments, and potential bankruptcy. It is important for individuals and businesses to carefully manage their debt levels to maintain a healthy financial position.
What do startup businesses have a hard time doing?
getting debt financing
What is the difference between private debt and public debt?
Private debt refers to money borrowed by individuals or businesses from private sources such as banks or other financial institutions. Public debt, on the other hand, is money borrowed by the government from the public through the issuance of bonds or other securities. The key difference is that private debt is incurred by individuals or businesses, while public debt is incurred by the government.
What is consumer debt?
Basically they it is a debt related to businesses or other non-personal matter rather than consumer debt which pertains to home, family, personal expenditures, etc.
Is executor responsible for deceadents debt?
The executor is only responsible for paying the decedent's debt up to the amount of the assets left. An executor sees that the funds available get paid to the right people. The funeral home is one of the first businesses that get paid.
How Can debt consolidation programs help to military people?
The advantages of obtaining this specialized type of assistance of military debt consolidation loan for military manpower can enable you freedom to begin one New Year's Day of financial spirit of responsibility and noise in all the report/ratio of financial businesses which you can take.- http://www.loansstore.com/debt-settlement/military-debt-consolidation.php
What does the insolvency services provide?
Insolvency professionals can provide: Financial assessment Company Debt Solutions Personal Debt Solutions Business Restructuring Accounting support to Businesses Professional Business Advisors Liquidation services Trusted bankruptcy professionals
