This was the title of the cover page of the prestigious magazine, “The Economist” in its issue of 10/1/98. The more involved the IMF gets in the world economy – the more controversy surrounds it. Economies in transition, emerging economies, developing countries and, lately, even Asian Tigers all feel the brunt of the IMF recipes. … Read more
Days before, people ran into debt problems by divorce or having a business that failed. Time has changed, and so do the lifestyle of the people, reasons such as accruing debts, having paid for varied purposes i.e., home renovation or improvement, children’s education, and infrastructural development of business. Problems erupt when people start spending out … Read more
A remortgage is a way to pay your current mortgages with a new other mortgage with some simplification of terms. In this process the collateral you pledged against your previous mortgage works for your new mortgage. Some people have reported late payment, delay in payment or failure to make payment to their existing mortgage. That … Read more
Debt elimination programs. Is it true that these debt elimination programs can eliminate all my debts? Yes, they can, but beware, as they can also do more damages, than getting your out of debts. There are many cases where desperate debtors especially those with unsecured obligations like credit cards, often lose more money than they … Read more
Buying a home is very important to many people the world over. Because houses are such a big-ticket item — for most people, the most costly item they will ever purchase in their lifetimes — the biggest hurdle they must jump over is getting a mortgage loan just to buy a house. Once a … Read more