Every year when tax returns come in, your financial institution will assess your debts and determine whether you are financially capable of dealing with them. If there is anything wrong with your financial life, the bank or credit card company may decide to sell off your debts to another firm. Since the debt collection process is time-consuming and expensive, they might decide to just give you some time to pay it off. Millions of people across the globe make major financial decisions such as buying a house, purchasing a car, or taking out a loan. While many of these decisions are based on an emotional and uninformed hunch, others are…