Credit debt bailouts are extricating credit card debtors from ultimate failure which they are facing in the shape of drowning in the pools of unsecured liabilities through their bankruptcy. Credit debt bailouts are rescuing not only credit card companies but also debtors because both futures are associated with each other. If debtors fail in meeting with their financial commitments i.e. repayment of unsecured debt than financially disturbed creditors cannot bear such disruption and they may have to move towards foreclosures.
Foreclosures of creditors i.e. credit card companies will certainly negatively impact over the confidence of national and international investors on the financial system and they suck out their billions of dollars investment from it. The federal government doesn’t want this situation to be happened because it will create panic and may collapse whole financial system that’s why it is offering credit debt bailouts.
Credit debt bailouts are actually stimulus packages … Read More