What happens if someone passes away before their debt is paid off? Or, what if someone loans a friend money and that friend dies before the loan is paid off? Can someone else collect on these debts? If your loved one dies and you believe they were owed money at the time of their death, keep the following in mind...
Borrowing is so easy and lending has become a major source of profit for the financial markets.
Debt has become a very circular process in which consumers become both borrowers and lenders. While they borrow money from banks and finance companies, consumers are receiving interest from money market funds, bond mutual funds, and pension funds, all of which invest in consumer debt.
Many businesses often require financing for short- and long-term needs. Borrowing responsibly and managing debt effectively can help your company minimize the cost of debt you need to take on.
