Debt is a major issue being faced by families and businesses. It is not a good path and most of the times when someone is unable to pay their debts, they file for bankruptcy. This should not be the case for everyone as there other solutions.
Debt is a big problem all over the world. In the UK, the average debt per adult currently standing at a massive £29,210. In the US, the average household with debt carries $15,762 in credit card debt and $130,922 in total debt. Rising debt, plus a drop in income and savings, means 2016 is a rather uncertain one when it comes to our finances. READ MORE