The new-gen businessmen tend to make mistakes, and poor financial choices make them end up in a debt trap. The header of this article is such a typical question a businessman had to face from his aspiring offspring with his first big hit back from a business. Even though personal, I think it requires a much insightful answer to be useful to anyone facing such a situation.
As the first point, it is important that you clearly define your problem and take a decision to get rid of debt problems effectively. If you have already done that, congratulations! There are some fool-proof ways that can help you in such a messy situation. However, getting an honest glimpse of your debt obligations and working out a clearance plan is not that easy. One of the most-heard primary questions is:
“Which is ideal debt consolidation or consumer credit counseling?”
Both these debt resolution methods have evolved over the past several years, aiming at helping individuals and businesses to reduce the debt burden. However, many people still assume that both
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