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Quick Debt Reduction The Global Debt Bomb by James L. Clayton, The Global Debt Bomb describes the rapid increase in public and private debt in the G7 nations since the 1960s, why this debt has grown so quickly, and what the economic, political, and social consequences of this rise in debt have been. International in focus, this book broadens the debate on public debt to include household and corporate debt, avoids alarmist rhetoric, and puts our current problems in historical perspective. The central message of The Global Debt Bomb is that the debt-induced financial crisis that affected the Pacific Rim and much of the developing world in 1998 will likely spread to the industrialized countries in Europe and North America when current market and asset "bubbles" burst. How to prevent or mitigate another possible crisis is the primary contribution of this book.
The ABC's of Getting Out of Debt: Turn Bad Debt Into Good Debt and Bad Credit Into Good Credit A step-by-step guide to eliminating unfavorable debt while improving one's credit rating discusses the differences between good and bad debt and offers advice on how to reduce debt quickly and how to render personal credit as favorable as possible.
Debt-snowball method - The debt-snowball method of debt repayment is a form of debt management that is most often applied to repaying revolving credit — such as credit cards. This method has gained more recognition recently due to the fact that it is the primary debt-reduction method taught by Dave Ramsey. Poverty Reduction Strategy Paper - Poverty Reduction Strategy Papers (PRSPs) are in many ways the replacement for Structural Adjustment Programs, and are documents required by the IMF and World Bank before a country can be considered for debt relief within the HIPC programme. According to the IMF: Subordinated (debt) - Subordinated debt, also known as junior debt, is a finance term to describe debt that is unsecured or has a lesser priority than that of an additional debt claim on the same asset. This means that if the party that issued the debt defaults on it, people holding subordinated debt get paid after the holders of the "senior debt," and hence is more risky. Polynomial-time reduction - In computational complexity theory a polynomial-time reduction is a reduction which is computable by a deterministic Turing machine in polynomial time. If it is a many-one reduction, it is called a polynomial-time many-one reduction, polynomial transformation, or Karp reduction. quickdebtreduction
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