Reducing Household Debt
Household debt can be challenging to reduce. Major approaches include: 1) Paying down debt over time from income or accumulated savings, if available; 2) Debt write-down or refinancing via negotiation, bankruptcy or government bailout; and 3) Inflation.
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Famous quotes containing the words reducing, household and/or debt:
“Single acts of tyranny may be ascribed to the accidental opinion of a day; but a series of oppressions ... too plainly prove a deliberate, systematical plan of reducing us to slavery.”
—Thomas Jefferson (1743–1826)
“Except that household virtue, most uncommon,
Of constancy to a bad, ugly woman.”
—George Gordon Noel Byron (1788–1824)
“I wish the days to be as centuries, loaded, fragrant. Now we reckon them as bank-days, by some debt which is to be paid us, or which we are to pay, or some pleasure we are to taste.”
—Ralph Waldo Emerson (1803–1882)