The headlong invasion of credits into the life of average citizens makes us think that debt problems are a fate of the modern times. This is definitely an erroneous point of view as credits existed many centuries ago, although in quite different shape. Borrowing money or assets was in practice by our ancestors and is in practice now, despite the frequent cases of insolvency or impossibility to pay off the debt in time. Unfortunately, in earlier times unpaid debts triggered physical punishment due to the absence of solutions; nowadays people are given a chance to manage their financial problems with the facilitation of debt consolidation options.