Initially Seem: Hong Kong Ocean park Marriott Lodge

Found on the south facet of Hong Kong Island, the opposite side towards the city’s significant enterprise districts, the Hong Kong Ocean park Marriott Resort may well not appear an right away clear option for the small business traveller. The residence is much more geared toward families going to the next-door Ocean park topic park; on the other hand, it is only 1 minute walk – by means of a footbridge – through the Ocean park MTR station, whose South Island Line can whisk you to definitely your meetings while in the city’s organization district in as tiny as six minutes. The lodge can be opening a focused wing for small business travellers in February 2019.

What’s it like?

The hotel’s décor reflects the aquatic topic of Ocean park. A 16-metre higher aquarium, spanning a few floors, is definitely the lobby’s centerpiece, promising a house for additional than 1,seven hundred fish of nearly 90 species (it was however below design when we frequented). Even though the concentrate on viewers is obviously young children, scientific tests have found that viewing fish relieves pressure and stress and anxiety, so you may perhaps find yourself spacing out admiring the clown fish, redtoothed triggerfish and humbug damselfish following a working day of back-to-back meetings in Central.

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You are going to also see fish-shaped ceiling lights and wave-shaped lobby desks, and also 10 electronic screens resembling portholes exactly where attendees can communicate with a college of virtual fish or jellyfish by waving their palms before it.

The lodge is trying to support mainland Chinese travellers is clear, and 1 just cannot blame them for wanting to faucet that profitable industry. We saw an academic children’s e-book from the pier Lounge printed while in the simplified Chinese utilized in the mainland, as opposed to the standard Chinese desired in Hong Kong.

The rooms

The lodge has a few six-floor towers – the pier Wing, Club Wing and Marina Wing – and is particularly as a result considerably lower-rise plus more resort-like than your normal skyscraper Hong Kong hotel. The Marina Wing is currently in soft opening, even though the pier Wing will open in January 2019. Exclusively directed at organization travellers, the Club Wing will open up on 19 February 2019, as well as its govt lounge M Club.

In whole, the smoke-free house has 471 visitor rooms and suites break up throughout the three towers, with sizes starting from 24 to 153 sqm. There is no escape within the aquatic topic in the place: be expecting fish-shaped furnishings and fish-patterned carpets. In-room amenities incorporate high-speed wifi, a piece desk, Nespresso coffee machine, 55-inch Tv and THANN toiletries.

Every one of the Leading rooms deal with the hotel’s Lagoon pool. Having said that, we are worried that appears of children and family members participating in from the pool may very well be disturbing, especially for attendees being in rooms on lessen flooring. If you’re up and from the lodge early, it shouldn’t become a problem, but when you would like to acquire some perform performed in your room, it could be frustrating. No person was utilizing the pool in the course of our take a look at since it was nonetheless to open up into the public, so we could not test how soundproof the room’s window glass is.

Though most of the hotel’s rooms are not themed, over the second ground of each the pier Wing and Marina Wing, there are actually 14 themed visitor rooms specially suitable for families with young children. “Whiskers Submarine” features Ocean park’s mascot sea lion, “Bao Bao paradise” is often a huge panda-themed accommodation, while “Redd Forest” is inspired by purple pandas. Every one of these rooms are most likely of restricted fascination to all but the cutesiest company traveller, although most likely some pick associates with the itinerant nouveau riche Instagram/Youtube influencer era may well otherwise recognize them.

Each themed space is linked with a further Leading King or Deluxe King room, so that young children and their mother and father can remain in two distinctive nevertheless connected rooms. Features for children like bamboo toothbrush and kid slippers are presented. In an astute enterprise final decision, the lodge is pricing the in-room cuddly toys at HK$170 (US$21.70) every rather then offering them away for free. Hotel management have obviously foreseen that allowing a youngster have a very new cuddly toy for the number of days, then earning them leave it inside the area at the conclusion of the excursion, is probably going to set off a tantrum, pursuing which the harried mothers and fathers, fatigued with the conclude on the getaway, will accede to coughing up the HK$170 in trade for a little bit of peace and silent. The children get special edition backpacks at no cost, while.

For buffets, visit Marina Kitchen area & Marina Café situated over the ground ground of Marina Wing, wherever you can locate several open up interactive kitchens and food choices like seafood, sushi and noodles, together with desserts and ice creams. You’ll find also children’s dining tables.

Over the ground floor from the pier Wing, pier Lounge and pier Bar serve cocktails, wines, beers and smooth drinks, and also offer customised lunch bento boxes with the guests’ own preference of salad, main course and fries from the menu.

We tried the Roasted Wild Mushroom salad and Chicken Mayo served in a brioche, which came which has a cheesecake-like dessert topped with strawberries, blueberries and cream. It tasted fine, but was not memorable. It would have been better to stick with Japanese food during the bento, instead of corrupt it with Western cuisine.

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Our hosts invited us to try the cocktails, but it being lunchtime – and we being sober, upstanding lads – we opted for mocktails, making an attempt the Christmas-themed Candy Cane of yuzu jam, cranberry, Fever Tree ginger ale and candy cane dust. We guessed the outrageous price of HK$108 (practically US$14) was down on the mint condition in the accompanying candy cane. It had been refreshing enough, nevertheless I would just as easily have taken the Fever Tree neat.

Canton Bistro about the ground flooring (portion B) of your Club Wing capabilities Cantonese cuisine, with specialties from the city of Shunde which has a reputation as a single on the cradles of Cantonese cuisine and a UNESCO City of Gastronomy.

There is usually prohibition Grill House and Cocktail Bar, an American-style steakhouse.

One particular in the hotel’s far more questionable F&B aspects is its construction of “Christmas trees” from stacked up cola cans. Though the rationale is ostensibly to promote sustainability through the re-purposing from the cans, putting this kind of decoration in a lodge so evidently targeted at young little ones seems just another way for that manufacturer in the beverage to push its unhealthy beverage on a whole new era. At least the “tree” was made of diet cola, nevertheless, and you can find also “trees” made away from mineral water bottles.


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Is perfect For Small business And Leisure Travelers

One of the most lively towns inside the entire world and blessed with remarkable food stuff, intriguing web sites and amazing procuring, Hong Kong is presently dealing with a attractiveness resurgence as being a leisure location in its personal proper likewise as being a small business hotspot and critical stopover hub for journey through the Pacific Rim. It?ˉs a good time for the metropolis, and also the Kerry Shangri-La would be the suitable hotel in this article at the correct time.

Stay in a first-class .is the Tsim Sha Tsui hotel choice near MTR that is desirable for all visitors. Minutes-walk from major shopping malls & popular tourist attractions.

Shangri-La Motels & Resorts is just about the most iconic names in luxury vacation, and since its founding almost half a century ago, has grown to nearly 1 hundred motels around the whole world, including two top choices in Hong Kong, the Island Shangri-La and Kowloon Shangri-La, both opulent, award-winning traditional luxury resorts with uniformed doormen, lots of marble and airs of elegance.

More recently, the company embarked in a new direction with the creation of its Kerry sub-brand, and brought one particular to Hong Kong, creating a new choice in one of several entire world?ˉs terrific metropolitan areas that is distinctive, welcome, awesome for leisure travelers, and in retrospect, was much needed?aeven in this town full of great lodges.

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This could be the third Kerry location, following Shanghai and Beijing, but the development process has given Shangri-La the chance to really figure out what the brand is about, and Kerry Hong Kong is now the fully realized flagship for the Kerry concept to going forward. That concept is a laid-back resort-style urban experience, to be in offered in tandem with the more formal Shangri-La experience in destinations where there is already a traditional resort. Kerry has the same level of high-end service, but in a more casual way, minus the butlers and fancy uniforms, and was designed to make guests feel comfortable even when dressing down. With its location outside the Central Organization District, it has really embraced the leisure traveler, though it has been booking a nearly best 50-50 split of leisure and company and has vast capacity for meeting and events, with some of your biggest ballrooms in the town, all modular, expandable and state the art. However, unlike many organization inns, it was designed so that they can hold events for over a thousand people without the typical guest even noticing, and it never has that ominous feeling that you are the only just one on property without a name tag or badge.

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But the biggest thing about the Kerry?ˉs urban resort campus concept is space, and all the things that come with it, standouts in a town that is famously cramped and constrained. The resort has extensive outdoor areas, terraces, gardens, and even an infinity pool with fully-serviced pool terrace overlooking Victoria Harbor. Every one of many hotel?ˉs varied dining and drinking outlets has outdoor seating, and despite the fair weather that lends itself to al fresco living much from the time, Hong Kong is crowded along with the notion of gardens, outdoor cocktail terraces and pools just doesn?ˉt exist here. The resort feel is so remarkable that since opening, locals have been flocking to the lodge, whether it?ˉs for lunch along the pedestrian promenade in the extremely popular Dockyard gourmet food hall, day passes to the pool and health club, or for very popular sunset Happy Hour at Red Sugar, the 7th-floor craft cocktail bar with a large outdoor patio offering dramatic sweeping views on the harbor, Hong Kong Island?ˉs famous skyline, and its nightly light show.

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Hong Kong could be the excellent stopover metropolis

It’s tiny and densely packed, with almost everything from frantic street lifestyle to sky-high rooftop bars all packed right into a postage stamp of an island. The Airport Convey coach usually takes just 24 minutes to zip from Chek Lap Kok airport on the heart of all of it – that means that you just can really take advantage of of the working day within the city Xueyong ZHAN.

Dim Sum and shopping:Start off by indulging in Hong Kong’s twin passions: taking in and browsing. You can get dim sum wherever on the globe in recent times, but a trip to Lin Heung Tea Home (162 Wellington Street, Central) could be the actual offer, with grumpy servers pushing close to trolleys laden with steaming buns and dumplings, and tables shared with six other diners intent over the newest racing information. Be prepared to do given that the locals do and struggle your solution to the trolleys, simply because the best foodstuff is all well contested. The ever-present danger of home improvement within the town implies that this age-old restaurant’s days might be numbered. Thankfully, there is generally semi-sister restaurant Lin Heung Kui (46-50 Des Voeux Street West, Sheung Wan), about a 15-minute wander absent.

Stroll off that jasmine tea superior in the nearby PMQ (35 Aberdeen Road, Central). The previous Police Married Quarters was not long ago transformed right into a tradition and humanities hub, with retailers offering quirky made-in-Hong-Kong clothing, jewelry and leather-based items. Continue to keep an eye fixed out for Goods of Drive, Kapok and .

Welcome to Hollywood:Hollywood Road is packed with galleries and antiques retailers, a fast-disappearing slice of previous Hong Kong that sits shoulder-to-shoulder with hipster cafes and clothing stores. Halt at Grana (108 Hollywood Road): this Hong Kong startup’s economical, trendy and high-quality fundamental principles have produced waves during the trend market. What’s even better for your stopover vacationer, all clothes have to be requested on-line for international delivery – which means you will not be laden down for that rest of your working day.

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Wander into the Guy Mo Temple (124-126 Hollywood Road), which confusingly worships the gods of both equally literature and war. The key courtyard characteristics layer on layer of incense coils with prayers dangling beneath – given that the smoke rises, so too do the hopes of every devotee. If you are wanting tchotchkes and souvenirs, head to Upper Lascar Row, far better called Cat Road: a short strip full of all the things from jade pendants to Chairman Mao watches. For classier souvenirs, fifteen Squarestreet (15 Sq. Avenue, Sheung Wan) stocks cutting-edge Scandinavian-cool timepieces and kicks.

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Man Mo Temple:Website visitors to Hong Kong tend to arrive in this article as their single temple tour, partly because it is effortless to Central and partly because it is so atmospheric within. The temple is right here considering the fact that 1847, and is also where the Tung Wah Group of Hospitals, which runs it, continue to maintain Autumn Sacrificial Rites each individual year for Hong Kong’s continuing prosperity. It is not large, which implies it may be crowded with tour groups within the mornings, and when you are asthmatic you might find the enormous incense coils, hanging picturesquely but smokily from your roof, bothersome. It truly is greater to pop in over the quieter afternoons, pausing for any serene, fragrant minute, and looking at the ash drop on the stone ground whilst locals make offerings. The temple is near to Cat Road for memento searching, and lots of espresso outlets and cafés.

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Tai Ping Shan:Tai Ping Shan is currently one among one of the most delightful districts on Hong Kong Island to get a stroll. It’s hilly, which means you may would like to acquire the Central-Mid-Levels escalator to Caine Street just after 10.20am (and that is when the escalator improvements path from all the way down to up). Convert ideal, stroll along Caine Street for five minutes, then down the actions of Ladder Road. The Museum of Healthcare Sciences (closed Mondays, HK$10/£1 admission) is on your still left; hold descending, and turn left into Tai Ping Shan Street. These lanes have a very form of quirky, nostalgic flavour; they are really stuffed with a combination of espresso outlets, younger design studios, and previous traditions. Don’t pass up the minimal Earth God shrine, within the corner of Water Road, or even the Kwun Yam and Pak Sing temples further more alongside where incense coils sweeten the air.

Dragon’s Back again to Large Wave Bay:If you do just a person hike through your Hong Kong go to, it should be this 1, which offers stupendous sea views from the rocky dragon’s backbone of eastern Hong Kong Island. The hike requires about 2.five several hours, is just physically demanding enough to feel you have had a pleasant exercise and should not be described as a problem for suit kids. In truth, one of the most difficult little bit is generally recognizing wherever to have off about the variety nine bus route. The bus website has a photo of the To Tei Wan prevent, and on weekends you are going to spot other hikers having off. Do observe this trail has incredibly minimal shade and is wind-exposed, so undoubtedly convey sunblock in addition to a hat at the same time as water BAI Feng.

Stanley Market place:Anyone goes to Stanley no less than at the time, so be ready for crowds. In principle, it ought to be a nightmare nevertheless the location, appropriate from the sea, is still attractive and also the village continues to be gently gentrified which has a boardwalk, complete with bars and cafés – just enough to produce it a nice time out. The market, and that is proper in the midst of the village, is a lot more organised than it used to be. Assume T-shirts, paintings, silk, luggage, linen, baggage, hats, and ski don (really). The standard is rather improved than in other road markets, so community citizens tend to regular it as well. Do not confine oneself to your major bazaar. There is an overspill in the little streets close to it, and you are going to are likely to discover much more original can take on the very same retail themes there.

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How Immigration Turned So Controversial

Immigration appears to be one of the most prominent wedge challenge in the usa. Senate Republicans and Democrats shut down the federal federal government more than the cure of immigrants brought into the U.S. illegally as kids, also referred to as Dreamers. In his State of the Union handle on Tuesday, President Donald Trump referred to U.S. immigration regulation like a “broken” method; a person get together clapped, the opposite scowled. This polarized reaction reflects a widening divide among voters, as Democrats are actually 2 times as likely as Republicans to state immigrants bolster the nation.

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These stories and others might enable it to be appear like most People in america are nervous with regards to the deleterious effects of immigration on America’s economic system and society. But together several dimensions, immigration hasn’t been far more common inside the history of general public polling:

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The share of americans calling for decrease levels of immigration has fallen from a large of sixty five p.c within the mid-1990s to just 35 %, in close proximity to its document very low.

A 2017 Gallup poll observed that fears that immigrants bring crime, take careers from native-born family members, or harm the funds and general financial system are all at all-time lows.

While in the very same poll, the percentage of american citizens stating immigrants “mostly help” the economy reached its maximum position considering that Gallup began inquiring the issue in 1993 Pansy LI Hon Ying.

A Pew Research poll inquiring if immigrants “strengthen [the] state with their exertions and talents” equally located affirmative responses at an all-time significant.

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Real-time Individuals Counting Method Industry Dimensions

„The Most current Investigation Report Real-time People Counting Program Industry – World Sector Investigation, Size, Share, Advancement, Tendencies and Forecast 2018 – 2026 provides information on pricing, marketplace analysis, shares, forecast, and enterprise profiles for important field members. –“

Real-time persons circulation knowledge is beneficial for security functions and administration of people like tourist movement estimation and pedestrian site visitors management. It’s important to get specific information about visitors at unique places for example sector areas, shopping malls, and departmental suppliers at any specified time. A lot of of this kind of measurements remain carried out manually. Thus, it’s important to boost the automated method of counting the people today in actual time.

Develops 3D traffic solution as a People counting system of retail stores in Hong Kong and offers flexible metrics to apply on collected data like multi-zone counting and height filtering for accurate analytics.

Persons counting method presents knowledge that allows end-users to check out probable profits options. Counting and reporting the number of men and women coming into and exiting a selected space aids make ways to detect opportunities for enhancement. In crowded environments like buying malls airports and railway stations, genuine time men and women counting method can notify operators to possibly risky situations without having to dedicate manpower for monitoring. Real-time men and women counting process supplies info that is definitely helpful for many uses together with correct outdoor and indoor examination to scale back bogus alarms and statistical analysis of traffic.

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Enhancement of clever transportation resolution (ITS) and acceptance of innovative methods are creating rewarding business options for suppliers of real-time men and women counting systems. Different kinds of individuals counting systems can be found in the industry. These is often broadly classified into two types: static and on-board techniques. On-board programs are embedded in cars, even though static systems are installed at stations. Technically, on-board systems consist of sensors and on-board computers that transform and store the data registered by sensors into passenger counts. Infra-red (IR) sensing is actually a common approach for counting in these techniques. Other tactics made use of are cameras, pressure-sensitive mats, and horizontal beams.

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The real-time folks counting program marketplace is driven by many factors for example availability of low-cost and straightforward to established up alternatives, advancement from the retail sector, increase in desire for men and women counting techniques from the transportation sector, and rise in adoption rate of folks counting technologies. On the other hand, locale inaccuracy and privacy concerns in Wi-Fi and Bluetooth dependent techniques are envisioned to hamper the real-time persons counting procedure current market throughout the forecast period. Furthermore, booming e-commerce market and rise in on the web gross sales channels are essential variables adversely influencing the real-time folks counting program industry.

The global real-time individuals counting method industry can be segmented based on element, technology, and vertical. When it comes to part, the real-time folks counting process market place is usually bifurcated into two main categories: components (thermal cameras, infrared, fastened camera, preset dome camera and pan, tilt & zoom (PTZ)); and software. Based upon know-how, the real-time folks counting method sector is often fragmented into infrared beam, thermal imaging, video centered, and other systems. Regarding vertical, the real-time people today counting system marketplace could be segregated into BFSI, telecom & IT, media & entertainment, transportation, retail & e-commerce, utilities, health care, government, and education.

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The global real-time persons counting program sector can also be labeled with regard to region into North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America is anticipated to account for main share of the marketplace in the forecast time period. This is often ascribed to the boost in adoption of intelligent transportation programs and presence of several of the world?ˉs busiest airports inside the region. Big companies such as ShopperTrak, RetailNext, and Axis Communications launch their products in North America. Asia Pacific is anticipated to be a rapidly growing region of the real-time men and women counting program market place owing to the rise in amount of supermarkets, retail shops, and buying malls.

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a specific region or regions

The current Animal Disease Traceability (ADT) program encompasses cattle older than 18 months that move interstate. Speer notes cows and bulls represent about 20% of weekly cattle slaughter in the U.S.

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For fed cattle so far, individual animal identification and tracking is largely the byproduct of management and value-added marketing.

Speaking of which, major beef customers may be unwilling to wait for an emergency that forces the industry’s hand to adopt a more comprehensive traceability system.

In September, Walmart unveiled a new food safety program that will require suppliers of fresh leafy greens to use a blockchain-based solution the retailer piloted with IBM.

According to the company, the move stems from a recent series of high-profile recalls from salmonella and E. coli contaminations — notably the multistate outbreak of E. coli O157:H7 linked to romaine lettuce. Ultimately, Walmart reported that the outbreak led to 210 confirmed cases of E. coli infection, and caused 96 hospitalizations and five deaths.

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“Although the FDA and CDC [Centers for Disease Control and prevention] were able to inform consumers, producers and retailers that the romaine lettuce associated with illnesses came from the Yuma [Ariz.] growing region in general, health officials and industry professionals were unable to quickly determine which lots were affected and which were not,” Walmart explained in a letter to suppliers.

“This resulted in millions of bags and heads of romaine lettuce having to be removed from the marketplace and a loss of consumer confidence in romaine lettuce, regardless of growing region, as well as negatively affecting the economic livelihood of many, including farmers … Walmart believes the current one-step-up and one-step-back model of food traceability is outdated for the 21st century, and that, by working together, we can do better.”

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Called the Walmart Food Traceability Initiative, the effort aims to provide suppliers the ability to trace fresh, leafy produce from farm to table in real time using the IBM Food Trust Network. Walmart said blockchain enables digitized sharing of data in a secure, trusted manner, allowing more open access to information gathered by suppliers.

“Customers trust us to help them put quality food on their tables for themselves and their families,” Charles Redfield, executive vice president of food for Walmart U.S., said in a statement. “We have to go further than offering great food at an everyday low price. Our customers need to know they can trust us to help ensure that food is safe. These new requirements will help us do just that.”

They’re not waiting around, either. Walmart is calling on direct suppliers to comply with one-step-back traceability on the blockchain network by Jan. 31, and end-to-end traceability back to the farm by Sept. 30, 2019.

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As for cattle, Speer reminds that traceability is part of the beef industry long-range plan, and that has to do with beef demand, disease surveillance and control. “It’s interesting to me that at McDonald’s, in a Happy Meal, you get a toy and food. The food isn’t traceable but the toy is 100% traceable,” he says.

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Be Tested As Interest Rates Rise

The personal loan market is booming thanks in part to low unemployment, favorable regulation and a crop of fintech lenders.

But whether or not this type of lending is resilient in the face of rising interest rates and the potential for a future downturn in employment, remains to be seen, injecting risk into the economies in the developed countries where this type of lending has exploded.

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That’s the assessment of the Bank of International Settlements, which in a report last month warned the fintech lending market is still unproven.  “It is not clear how fintech credit will perform when conditions deteriorate, ” wrote BIS in the research report. It pointed to China, the U.S., and the UK where higher default rates for the fintech lenders have reduced investor returns. BIS said a “significant” share of the fintech lending platforms cite increased levels of defaults as a very high or high risk to operations.

It doesn’t help that the higher fintech credit default rates are happening at a time when non-performing loan rates at traditional banks are historically low. That suggests the fintech lenders, in an effort to expand, are providing loans to borrowers that are deemed riskier by the traditional banks.  That’s fine when interest rates remain low and unemployment is near historical levels. But if interest rates continue to march higher, and the job market has a downturn, lots of consumers could be staring at personal loans bills they can’t pay back. For countries with higher incomes and less competitive banking systems, the potential impact could be more profound. BIS found fintech lending is robust in those markets. The volume of fintech loans is also higher in countries that don’t have stringent banking laws.

Unsecured personal Loans Are Booming

Thanks in part to the growth of lending fintechs, the popularity of unsecured personal loans has been surging over the past few years. Take the first quarter of 2018 as one example. According to TransUnion, the credit-scoring company, the number of outstanding personal loans in the first three months of the year rose to 19.2 million. That compares to 16.9 million a year ago. Meanwhile, the total loan balances reached $120 billion, up from $102 billion in the first quarter of 2017.  Good news for the fintech lending industry and investors: default rates among personal loan borrowers declined by 3.51% in the first quarter of this year compared to a rate of 3.72% in the same period last year. The strong performance of the loans so far has emboldened lenders, with more fintechs entering the fray.

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Increased Regulation Likely

While BIS called out the unproven nature of fintech lending as a risk, it also noted that increased regulation should be coming down the pike and could dampen returns. It pointed to China’s fintech lending market, which has been slowing down in recent months due to a crackdown on the part of the government, as an example. It came too late for the countless investors who lost their money in unregulated peer-to-peer lenders. Then there is LendingClub in the U.S. Just this week its  founder and former chief executive officer Renaud Laplanche agreed to pay $200,000 to the Securities and Exchange Commission to settle a lawsuit in which the government agency contends he directed an outside investment firm he was president of to purchase LendingClub loans that were at risk of not getting funded. While that has nothing to do with the fintech lending industry at large it did shake investors conference in the market.

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What he did wrong
Four years after his Malaysia and Vietnam trip, Ujjwal was knee-deep in loans. His loan requirement from a mere Rs 50,000, had increased to Rs 6 lakh. More than half of his salary went into paying EMI for the consolidated personal loan.

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Where did Ujjwal go wrong?
Firstly, Ujjwal started out as a credit-worthy customer, who then over-leveraged himself. It was an easy decision for financial institutions to lend to him. However, the borrower should practice restraint. Because somebody is offering attractively-designed loans, it does not mean you should take them.

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Secondly, like many gullible borrowers, Ujjwal fell into the credit card and personal loan vortex. Credit cards charge interest rates ranging from 30-42% per year. Such high interest means you should never use credit cards for one to two year tenure of loans. Once the outstanding starts getting accumulated, the entire loan becomes too big, due to high-interest rate.

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Thirdly, paying the minimum outstanding on credit cards is a big mistake. It is the minimum amount that has maximum impact. Try to pay all credit card dues, not just the minimum amount. Any amount that you do not pay attracts interest.

Fourthly, Ujjwal was sucked into more debt even as he tried to handle the situation. In a bid to reduce interest costs from his four credit cards, he took a personal loan. However, he took extra funds. More funds mean more debt, resulting in more repayment.

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Lastly, one should assume only that much unsecured debt which can be repaid easily. As a thumb-rule, you should not take more than 20% of your monthly income in unsecured loan repayments.