Some times I wonder if it is possible to live a debt free life. But then as much as we may want to ponder this and wish that we can actually achieve it, fate just makes it futile. Even with the highest degree of planning, difficult circumstances will strike and sooner that we can imagine we are in a strange debt trouble especially if we had borrowed a lot, aiming at investments.
Such are times when we wish we never borrowed in the first place, because nothing is as painful as having your ‘non exempt’ property sold at a throw- away prices just because you have too many debts that, your creditors can easily exhaust all your worth. What should you do when life makes you swallow such a bitter pill when you thought your life was just fine? [Read more →]
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