Tag: debt
Debt Service: Meaning, components and more
Every day we take on credit and try to manage debts offered to us. Understanding debt service is important for individuals, businesses, and governments as it affects their financial health and creditworthiness. This article will explore the meaning of debt service, its components, and its significance in financial management. What is debt service? Debt service …
Debt snowball vs Debt avalanche: Which is better?
The greatest difficulty in debt payment is knowing the actual sum to be set aside from your income for the payment. From knowing the sum to be set aside comes identifying the actual means the debt is to be eventually paid. When paying debt, two techniques can be applied to offer you a hassle and …
Top 10 Debt recovery companies in Nigeria (2023)
Debt recovery agencies are the most common providers of debt collection services. Debt recovery specialists work in debt recovery, which is the process of recovering bad debts or delinquent amounts owing to the debt recovery agency’s clients. Different debt collection firms use various methods to recover debts successfully. A large number of creditors seek the …
Debt security: meaning, types, benefits, risks and more
Debt securities are financial instruments that allow investors to lend money to an issuer for a specified period of time in exchange for interest payments. They are an important component of the global capital market, offering investors a means to earn a steady income while providing companies and governments with a reliable source of funding. …
Debt security: meaning, types, benefits, risks and moreRead More
Collateralized Debt Obligation (CDOs): What is it and how it works
The corporate world is filled with tons of money-making techniques for investors all over the globe. Investors’ basic aim is to increase profits while engaging in varying business concerns that may be high-risk engaging ventures. Investors often possess a high disposable income and aim to gain profits by spreading their cash pool over a variety …
Collateralized Debt Obligation (CDOs): What is it and how it worksRead More
Bad debt: meaning, types, causes and more
Businesses give out one form of credit assistance or the other to their clients and customers. In that event, there is likely to be debts that would be unpaid or that can never be recovered. In this article, we will explore the meaning of bad debts, the causes and effects of bad debts, and some …
How to pay off debt and earn financial freedom
Loans can be useful under certain conditions, to meet unforeseen expenses and life projects. But if you are not careful, and you live on loans, they will keep compounding, and thus find yourself in debt. And being in debt is not an easy situation: between the various reminders from creditors and even sometimes court letters. …