New York Times  4 hrs ago  Comment 
The plan requires either concessions negotiated from creditors or legislation enacted in San Juan or Washington, suggesting a difficult road ahead.  6 hrs ago  Comment 
Watchdog raises fears of £200m shortfall, saying ministers have failed to control government financial assets properly Ministers have failed to impose proper controls on the government’s £222bn collection of financial-sector assets, which...  7 hrs ago  Comment 
The two largest debt collectors in the country are refunding millions of dollars to customers over allegations they used deceptive practices to collect bad debts.
Financial Times  Sep 9  Comment 
Yield gulf between safer and riskier bonds looks too wide as bail-in regime begins
New York Times  Sep 9  Comment 
The plan requires either concessions negotiated from creditors or legislation enacted in San Juan or Washington, suggesting a difficult road ahead.
Yahoo  Sep 9  Comment 
With the prospect of steadily higher interest rates and a $4 trillion mountain of debt maturing over the next five years, corporate America's reliance on cheap cash is about to get tested.
The Australian  Sep 9  Comment 
Surfwear giant Quiksilver says it’s business as usual for its Australian stores despite filing for bankruptcy in the US.
Wall Street Journal  Sep 8  Comment 
Americans took on $19.1 billion more in consumer debt in July, a sign of confidence amid low gas prices and steady job creation.
The Australian  Sep 8  Comment 
Uranium miner repurchases bonds amid cost-cutting drive in attempt to revive the firm.


Debt represents a promise or obligation to pay for something that has already been received, as a credit.

An example that will be understood by most people today is credit card debt. The credit card company pays for something, such as a shiny new PS3 console, allowing you to take it home without having paid for it yourself. In return, you assume an obligation to pay back the credit card company under the terms of your previously arranged agreement with that credit card company. FlexCredit

It is common for consumers, businesses and even governments to assume debt. Quick Loans

Debt, as a balance sheet item, includes the following:

QuickCash a best option to overcome debt.

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