Buzz In Business

Zimbabwe has been very economically troubled in recent times. Now, IMF (International Monetary Fund) has come forward to help Zimbabwe. IMF has decided to give a loan of 500 million dollars to Zimbabwe. This is the first time in a decade when IMF is giving loan to Zimbabwe. This loan will be used to rebuild the shattered economy of the African nation.

The loan comes with certain terms and conditions. One of them being that the finance minister of the country ensures that money isn’t invested in other projects. The country is really suffering to get foreign currency. Zanu-PF party of President Mugabe has blamed the opposition, MDC, for not trying to get donor funding for Zimbabwe. MDC attacked back by accusing Zanu – PF for the human right abuses. This loan also puts an end to speculations that the Zimbabwean dollar will soon be restored and it seems that U.S. dollar will remain the official currency. Read the rest of this entry »

As more and more consumers are banking on debt solutions offered by different debt help clinics, the number of debtors being ripped off is also on the rise. There is an increase in the number of scam artists that are doing brisk business in the debt help industry. This has become a cause of concern for the attorney generals, Federal Trade Commission and state regulators as they are receiving numerous complaints against debt help firms operating in the different states.

Some of the widely availed debt solutions include credit counseling, debt consolidation, debt arbitration, debt management etc. Sometimes bankruptcy can also help you to get out of debt. But filing bankruptcy should be the last resort. However, not all debt relief companies take you for a ride and there are many out there that put in genuine effort to make you debt free. And due to few scam artists operating in the debt help industry, the reliable and good ones have to face the wrath too.

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