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.
Read more about this topic: Household Debt
Famous quotes containing the words reducing, household and/or debt:
“It is the American vice, the democratic disease which expresses its tyranny by reducing everything unique to the level of the herd.”
—Henry Miller (1891–1980)
“has Nature shown
her household books to you, daughter-in-law,
that her sons never saw?”
—Adrienne Rich (b. 1929)
“It is a well-settled principle of the international code that where one nation owes another a liquidated debt which it refuses or neglects to pay the aggrieved party may seize on the property belonging to the other, its citizens or subjects, sufficient to pay the debt without giving just cause of war.”
—Andrew Jackson (1767–1845)