Managing and paying off debt during Covid-19 crisis

Covid-19 is an unforeseen event that has had negative impact on businesses and individuals, especially financially.Due to a meltdown in the global and national economy, a lot of businesses have performed poorly. There is increased debt risk during this time.Some individuals are not able to service their obligations such as rent and other utilities. The impact is even worse for persons and businesses who had taken out credit or borrowed money. Many have been unable to service their debt obligations and have fallen into default.Despite the external situation, it is important to come up with solu…

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