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Third World debt | Causes, Solutions & Impact

also called: developing-world debt or debt of developing countries Third World debt, debt accumulated by Third World (developing) countries. The term is typically used to refer specifically to the external debt those countries owe to developed countries and multilateral lending institutions. Learn about good debt and bad debt. Encyclopædia Britannica, Inc. The rapid growth in…

Trapped by Debt: How Gambling and Illegal Loans Are Ensnaring South Korea’s Youth

South Korea’s financial regulator is stepping up efforts to combat the rise of illegal private lending tied to gambling-related debt, as authorities warn of increasingly severe exploitation targeting vulnerable individuals, including young adults and minors. (Image created by ChatGPT) SEOUL, April 27 (Korea Bizwire) —  For a man in his twenties, a single desperate loan marked…

Manage credit card debt with confidence

Seasonal factors can make this an expensive period for many small businesses and it is not uncommon for short-term credit to be utilised to help manage cash flow. If you’ve found yourself with a hefty credit card bill after the Christmas and new year period, now is an excellent time to review your finances and…