They also probably haven’t saved for all of the “unexpected events,” which will eventually become debt too.
In other words, the good money habits for staying out of debt and building wealth aren’t there—their behavior hasn’t changed—so it’s extremely likely they will go right back into debt.
“It’s interesting that anecdotally I continue to hear more questions from customers about the best way to implement various AFAs, yet the numbers still don’t bear out an uptick,” Satkunas said.
In business, consolidation or amalgamation is the merger and acquisition of many smaller companies into much larger ones.
INTV UPDATE: A New York federal jury on Friday found Brian Block, the former chief financial officer of ARCP, a giant REIT once controlled by Nicholas Schorsch, guilty of cooking the books at the net lease real estate investment trust.
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Debt consolidation is nothing more than a con because you think you're starting with a clean slate.