• Book Summary

We now live in a world where debt and credit are a way of life.

... if you find yourself in debt, accept the seriousness of your situation and lose some sleep, if necessary; 

beg for forgiveness; and make the commitment to free yourself before a pandemic or natural catastrophic event diminishes your income or ability to earn money.

For the purpose of this discussion, debt is money, goods, or services owed to another person, company, or entity.

Credit refers to the ability to purchase goods or services without cash and with a promise to pay later (with or without interest).

It's hard to imagine doing business without incurring debt or using credit.

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Once the individual receives the loan, they enter the market with confidence.

 Delighted to have that new car, property or house, they put on the image of prosperity, that is, until the bank threatens to repossess the asset due to non-payment.

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Once the company gets its start-up capital, it enters the market with flamboyance and prominence. The business team is filled with enthusiasm, that is, until the team realizes that almost all its profits belong to the entity that furnished the start-up loan.

Consumers and companies alike struggle to balance monthly notes and accounts; but despite their best efforts, the borrowers lose their assets, or the business, and whatever collateral they had pledged to obtain the loan.
The lending entity then either sells the debtor's assets or takes over the management of the business. And the borrower-individual or group of individuals-is stuck with the responsibility of paying off the loan balance or suffering the embarrassment of bankruptcy.
Whether you're an individual consumer or an entrepreneur that runs a business, your story doesn't have to end this way. The principles in Debt & Credit Laws aim to save you from making the debt and credit mistakes that lead to bondage and failure.
Please consider carefully these principles as you read, then research them personally. There's no need to take my word; prove them for yourself.

One of the oldest and most comprehensive books ever compiled is the Bible. It contains laws and principles about agriculture, human relationships, behavioral science, debt and credit, just to name a few. This book is the primary source and motivation for the principles discussed in this book. Enjoy the journey.