A central, organized, archive of all the useful posts I found regarding the diverse topic of "business" ranging from ideas, to start ups, personal development, marketing, sales, entrepreneurs, human resources, managing, etc. I hope the info I share can empower people to improving their business environment.
Wednesday, January 18, 2012
When credit is cheap and plentiful, debt can spiral out of control
When credit is cheap and plentiful, debt can spiral out of control: Meet Joe Debtor. Typically, he’s 41 years old and married, with a monthly income of $2,400 after taxes. He has built up $60,000 in unsecured debt and he often has a $200,000 mortgage on top of that.
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