The federal government could also increase transfers to individuals or the provinces as a way to lighten the
burden of the excessive debt each is carrying.
This may be difficult if you have a questionable payment history since it is more of a temporary solution and doesn't address the underlying
causes of excessive debt.
These agencies often have expertise and knowledge to work with creditors and help consumers dig themselves
out of excessive debt while limiting the damage to their credit histories.
These types of credit cards are ideal for credit repair and credit building because they, for the most part, eliminate the
risk of excessive debt.
While those
times of excessive debt are extremely hard to handle, the process of reversing your monetary situation is an education that will set you up for better things in the future.
It is obviously not something we like to talk about in public or share with the neighbors, but we all feel the
strain of excessive debt at one point or another.
This means a good return on total assets employed, as opposed to a high return on equity through the
use of excessive debt.
This is partially because a debt consolidation plan rarely addresses the root
causes of excessive debt and the lower monthly payments may even encourage new spending.
As such, it is very important to have good credit, which results from paying your bills on time and staying
out of excessive debt.
To put all this in perspective, the growth spurt comes at the end of a decade of sub-par performance, when growth has been held back by some serious structural imbalances, especially in the
form of excessive debt.
If a share's genuinely «bad» — say, in
terms of excessive debt, poor margins, low return on equity, erratic P&L record, etc. — then logically, those sub-par financial metrics will automatically get incorporated into your stock valuation anyway (in suitably quantitative fashion).
The idea that any paper currency is in danger of appreciating systemically
because of excessive debt must be too alluring a concept to overcome overwhelming evidence to the contrary.
Couple that with the fact that the average American puts less than 5 % of their disposable income aside for savings, it's no wonder this country is bearing the
burden of excessive debt.
For most economists this seems implicitly to be a surprising statement: excessive debt is a balance sheet problem, and not an efficiency or productivity problem (although of course inefficient or unproductive economic activity is usually, along with badly - designed balance sheets, the main
cause of excessive debt).