Getting Out Of Debt
Tags :
debt, loans, getting out of debt, loans,financial goals
Industry :
Banking, Hedge Funds/VCs/Private Equity, M&A/Underwriting, Investment Banking, Equity Research/Analytics, Asset Management
Functional Area : Debt , Loans |
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About "Getting Out Of Debt" topic:
For some, job layoffs and unforeseen external factors have loaded them up with debt. For most, however, debt is the result of extraneous spending, poor money management, or both.
So here let us discuss everything about How to get out of debt, may be it is a credit card debt or a personal loan or any other thing for that matter.
5 insight
, 2 debates
, 1 idea contests
on topic: "Getting Out Of Debt"
Prev1NextShowing 1 - 8 of 8
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1
Stop Digging More!!
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Proper Capital Budgeting
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rajesh
| Added idea
"Debt is the source of income"
| 12 months ago
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As a banker i always focus on maintaining bank portfolio on lending and deposits...but when cd ratio is high there always some problem.but nevertheless spread between debt and deposits is what bank stands for and survive..so as banker its always...
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V.V.KRISHNA MURTHI
| Added idea
"set your priorities right"
| 1 year ago
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today's generation believes in EARN SPEND SAVE THEORY. THEY EARN AND SPEND AND IF ANYTHING REMAINS THEY SAVE. BUT USUALLY NOTHING REMAINS HENCE THEY BORROW AND GET INTO DEBT. The priorities should be EARN SAVE INVEST AND THEN SPEND.This way they...
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NATTERAJA R. ARIKRISHNAN
| Supported idea
"Stop Digging More!!"
| 2 years ago
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Money should be spent only on productive things and not on unproductive matter. In case one wants to borrow, he must have the plan on how he is going to repay. Otherwise he will land in problems. Financial planning on spending, borrowing, and...
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Ideate: "How to get out of 'Debt'? " deleted from your view.
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10 steps to debt freedom 1. Figure out how much you owe. Gather all your credit card statements and make a list that includes the interest rates, total amounts you owe and minimum monthly payments. List the cards by the interest rates they charge with the highest rate first and so on. 2. Keep the two cards with the lowest rates. Cut up the others. Write to the card issuers and close the accounts. (One caveat: Check the terms of use before you cancel. Some credit issuers charge higher interest rates on the remaining balance due to people who close their accounts. If this is the case on one of your cards, pay it off and then cancel.) 3. If you don't have a card with an interest rate ...
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meenakshisundaram
| Commented
| 1 year ago
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Very good indeed to get rid of debts
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Irfan Naseem Khan
| Commented
| 2 years ago
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its not at all a practical solution to get rid of debt.
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Insight: "Golden Rules To Get Rid Of Debts" deleted from your view.
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Yes
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8
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30
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No
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achin
| Argues in support of
"No"
| 1 year ago
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some individual banks official are giving secured loans by inflating the rate of assets by 10 times . its highly suprising to see DRT website , where the max cases are against CANARA BANK. Take a loan and runaway.that;s the policy
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konkan SINGHA
| Argues in support of
"Yes"
| 1 year ago
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No way, we are to see the great world-wide depression within a couple of years, earlier, Companies were bailed out, now it is even worse, Countries are being bailed out.We have seen the cases with our own eyes, Iceland, Ireland, Spain, Italy,...
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Vipin Bhasin
| Argues in support of
"No"
| 2 years ago
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Mr. Veejay i agree with your points that if bank are helping someone to provide loan to him then bank can use any language to recover his loan.... (Discussion about private bank as they are using more that type of practices) But what do you think...
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Debate: "Are banks right in using abusive debt settlement teams?" deleted from your view.
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Debt elimination is now up to every ones reach and there are many ways to it but it requires some good debt relief tips to make your settlement proposal accepted by the card company. These debt relief tips will ensure that your settlement offer stands no chance of rejection. As soon as you decide to adopt a debt relief plan, you are faced with an option of either doing it personally or through third party settlement firm. Both the approach is considered effective depending on different criteria. Debt relief tips for personal settlement: · Finish doing all the evaluations related to financial situation. Keep ready with information like total debts, type of debts, repayment option, minimum am...
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Anikendra Home
| Commented
| 1 year ago
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always try to talk,meet,email or write to top management.They are more responsive to genuine matters,and u can expect an acceptable solution.I speak from my experience with ICICI bank,loans and credit cards
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Krishna Bhardwaj
| Commented
| 1 year ago
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Useful and informative too. Keep posting this type of articles in future. Thanks a lot
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Insight: "How to Get Financial Institutions to Accept a Debt Settlement Deal" deleted from your view.
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(rate this)
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Yes
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31
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32
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No
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anantha krishna nayak S
| Argues in support of
"Yes"
| 1 year ago
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I agree that entrpruenership can be taught. it is being creative, hardwaork, innovative , exhanustive research and analysis and smart work.
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avinash bidwe
| Argues in support of
"No"
| 1 year ago
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Enterpreneurship is not taught but the smart work is must, coz in this field v need to think above the customer vision to develope the skills & proffession.
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Veena Gupta
| Argues in support of
"Yes"
| 2 years ago
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Entrepreneurship can be taught but it does not mean that the student will become a entrepreneur. A entrepreneur must have a vision, must know his limitations, and be able to assemble a group that not only can advance that vision but must also be...
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Debate: "Can entrepreneurship be taught?" deleted from your view.
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Debt repayment difficulty due to unforeseen circumstances should be resolved both by the lender borrower to create better understanding through open discussion. Borrower should be encouraged to present his case and difficulty he/she is facing in repayment so as to workout reschedulin of debt instead of takuing it as a fight to recover the debt and declaring the borrower defaulter/dishonest. Borrower on his part need to reassure the lender abouit his intensions.
Insight: "how to get rid of debt " deleted from your view.
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people today need to learn to live with necessities and not live up to the social acceptable standards, which causes debt in some cases irrecoverable debt.
Insight: "people today need to learn to live with necessities and not live up to the social acceptable standards, which causes debt." deleted from your view.
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It is the month of June, on the shores of the Black Sea. It is raining, and the little town looks totally deserted. It is tough times, everybody is in debt, and everybody lives on credit. Suddenly, a rich tourist comes to town. He enters the only hotel, lays a 100 Euro note on the reception counter, and goes to inspect the rooms upstairs in order to pick one. The hotel proprietor takes the 100 Euro note and runs to pay his debt to the butcher. The Butcher takes the 100 Euro note, and runs to pay his debt to the pig grower. The pig grower takes the 100 Euro note, and runs to pay his debt to the supplier of his feed and fuel. The supplier of feed and fuel takes the 100 Euro note and runs to p...
Insight: "U.S. Govt. Business Policy" deleted from your view.
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Recovery of its due has been a hectic exercise for the Banks in the absence of a special legislation. ‘Non-performing Assets’ were growing and a need was felt to reduce the ‘Non-performing Assets’ of the Banks drastically. As the recovery through Courts was a difficult exercise for the Banks, initially, a special legislation called ‘The Recovery of Debts due to Banks and Financial Institutions Act, 1993’ was enacted creating a Special Tribunal called ‘Debt Recovery Tribunal’. Under the Act, the Banks are entitled to approach the Tribunal by filing an ‘Original Application’ which is similar to filing a suit in Civil Court proceedings. However, unlike the ‘Civil Court’ which is supposed to follow the ‘Civil Procedure Code’, a special and simple procedure has been prescribed under ‘The Recovery of Debts due to Banks and Financial Institutions Act, 1993’. At the end of adjudication, the Tribunal is supposed to grant a certificate called ‘Recovery Certificate’ infavour of the Bank...
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Today i saw a post on yahoo : http://in.lifestyle.yahoo.com/10-ideal-habits-better-lifestyle-074012807.html The urban lifestyle that you lead comes at a cost. And it takes much more than your spending power. Most people caught in the urban trend of life lack a lot of things in their daily life, like time, freedom, peace and, most importantly, happiness. When your demanding lifestyle starts taking a toll on your mental, physical or emotional state of being, you know it's time for a change. We bring 10 small but ideal habits which can help you lead a better lifestyle . 1. Opt for juice over coffee Whether its a persistent migraine or lack of sleep or even a bad day at work, the urban man actually depends on coffee. Not everyone knows that the dependence is actually a bane and poses health hazards. Substitute your daily cup of coffee with a glass of fresh juice. It will not only bring a marked improvement in your health but might also reverse the ill-effects of your lifestyle on...
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