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Debt Consolidation

Parent Category: Debt Collection
Services offering advice regarding the management of personal debts and the combination of several individual loans into one large loan
Estimating the time it will take to pay off the national debt  depends on future revenues and expenses--not just the current  amount owed. If expenditures are productive--that is, they grow the  economy and generate better-paying jobs, then tax revenues will  rise faster.    Projections are...
An allowance for bad debt is essentially areduction in a bank's accounts receivable . The allowance forbad debt equals the amount of the banks loans that it does not expect tocollect. .
Currently, no government credit card debt settlement programs  exist. Consumers who are in debt trouble do not have the option of  government assistance to get out. What does exist, on the other  hand, is publicizing by organizations, some of which are obligation  settlement organizations,...
You can go back to the original creditor, but they may not offer  you a line of credit. Usually they will not extend any more credit  after it is charged off, but this is an individual company or  individual decision.
A bad debt can be collected on indefinitely. The debt is owed until  it is paid or written off by the creditor or individual.
No - the card (and thus any debt) is nothing to do with you - and you are not responsible for it.
A secured debt - is protected by being tied to something valuable (jewellery, car, house etc). If you default on the repayments, you could lose the item the debt is secured on ! An unsecured debt is not tied to any physical property. If you default on an unsecured debt, they will usually take you to...
  == Answer ==     That's entirely up to the party involved. If the collector does not reach a satisfactory agreement with the debtor,the account might be referred to a collection's attorney. The attorney can file a lawsuit in a court in the state where the debtor resides. There are also...
== Answer ==   It takes minimum 2 years to see an increase in your credit score but again it depends on the consistency of your payments to debts   == ==   == Answer ==   There are three credit bureaus. Each of them can take anywhere to 1 or 6 months to update each of your accounts. All...
Call up the company and talk to a counselor to explain your situation. Maybe the amount that you can give them will be lowered or that they will put a hold on your account until you are able to find work again.
Yes and no, a debt collections company can not just take money from your account without going through the legal process of obtaining a levy or garnishment on the account. The only time that is not true, would be if they are recovering a bad check wrote on that account and it meet the requirements...
A debt collector can take legal action at any time. That said, if you are making an effort to pay, and have been making those payments on time and in full, I would say their chances of winning a judgment against you in court would be fairly low. I am not a lawyer and you should consult one. Do you...
Debt CAN be settled with credit card debt and other unsecured debts. Negotiating a settlement is between you and your creditor and settlements have happened for millions of people and helped them get out of debt.
Under current laws, a bad account remains on your credit report for only 7-years from the last payment date. Other types of debts, and even public notices, remain on your credit for longer. The right thing to do is pay your bills, do so on-time, and always make sure not to over spend on credit.
  == Answer ==   File for bankruptsy or see a credit  help agency.
The only way to eliminate debt is to look at your budget. How much do you bring home twice a month? Deduct your food, rent and transportation. From that point, look at your debts to see how much is owed like the minimum of each card. Start with the smallest and work your way up to the highest. It...
Any consumer possessing several debts can apply to particular company and consolidate debts. Although, this process seems to be complicated, it can become much simpler if you apply to the company, performing debt reduction inline service to save your time and money, of course. It's very easy as all...
  == Answer ==   Yes you can-its tricky but not too hard  
Bad debts expense is also use to write offaccounts receivable and not for loans receivables.
  ==Australia:==   In the early days, HIV virus was passed on mainly by gay men and intravenous drug users sharing needles. There was a worry that it would get into the prostitute population.     The Australian government gave funding to the Prostitutes Collective who lobbied all the...
  == Answer ==   Ihave got the same problem. I have sent in 20 or 25 everymonth. they want there money to, but I don't answer the settlement letter and still give them the money. The advice I got from a lawyer was as long as your paying something whether it is 2 to 20 dollars every month keep...
yes there is, if it is in collections, most likely the agency wants to resolve it and get it off their books, you can call the agency and ask them to call the hosp where you have the bills and see how much and if they are willing to settle with you, most will give a small percentage if you are...
No you are still required to pay them the minimum due each month.
Possibly about 8 to 12 weeks. This will NOT happen until the IRS finish processing the 1040X income tax return an accepts it as you filed it.
  If you are responsible for that item, then, yes, it can stay on your credit report--probably indefinitely.
Debt consolidation - is reaching an agreement with each creditor to accept a lower regular payment, usually at a much reduced rate of interest. It takes longer to pay off the debt, but you pay less interest than you would at their normal rate. Companies would much rather come to a satisfactory...
1. They have to provide them with fertilizers,seeds,insecticides etc... 2. Bank should provide them with loan. 3. If their crops are bad they don't get money. And their loan from the moneylenders are being large. So,they are in debt with the moneylenders.
If your question is 'should the government pay the debts of its citizens' the short answer is "No". The US Federal government has only the powers granted to it by the Constitution, and nowhere in the Constitution will you find anything like the power to pay off private debt, or to bail out banks,...
It depends on how you do it. If you use a place that consolidates your debt by asking credit card companies & other creditors to reduce your debt or interest rate, then yes, it could be harmful to your credit rating. If you are just consolidating your debt by getting a single loan to replace other...
  == Answer ==     As long as it is collateral for a loan in default.
Urban consolidation is when high density accommodation is built in  the area. In Maroubra, there are many more high rise apartments so  that more people can live in the suburb. This can lead to more  customers in shops, more people in the transport system,  gentrification (which is when there...
    Unsecured debt consolidation loans are indeed a great help for debtors. It implies that you shoot a number of unsecured loans by another unsecured loan. But more often than not, it involves no security against your money provision and serves your purpose without collateral. It tries to...
consolidated revenue reserve
  The short answer is yes. But, be advised, there a zillions of horror stories about these companies causing more troubles, and causing huge expenses (frequently by them basically becoming a finance company)...so you must be careful. Many collection agencies will work with you on a payment plan...
False, equity has its advantages as well (like paying dividends are not required, but paying interest on debt is), so the debt level can vary widely between industries and even between companies in the same industry.
Best bet is lexintonlaw i tried them paid $10 over phone and they were actually able to tell me dat i had 3 collections and 3 other things dats what kept shiwng up on my credit check every tme i applied to buy a motorcycle.. But no one can show or tell u what comes up when u apply for something .. I...
Another name for the acid test ratio is the
  I'm two months into the program.
It is not legal for a debtor to assign debt to a willing third  party unless the creditor is involved. The creditor must approve  the transaction. For example, the sale of an automobile with the  statement agreeing that the buyer takes over payments is valid if  the creditor agrees.
ther letter (y)why this why that... when its Y.. haha get it!
It is common belief that after seven years your debt gets wiped  clean from your consumer credit report that is reported to all  major credit agencies.
The term consolidated assets refers to assets being grouped  together as one. This occurs in subsidiaries and housing, and other  financial items.
If your debt is less than $10,000 you may go for consolidation. In case it's more than the said amount you may try out settlement. Settlement takes a hit on your score initially but gets you out of debt much faster. If you go for settlement, you may negotiate with your creditors for a lower amount,...
mostly any where that has to do with buisness or schools.
That is a nice idea, but not possible. You are assigned one number and that is it. Your credit score is up to you: pay your bills, straighten out your affairs and don't make the same mistakes.
If there a will of intent then that person assumes all debt and capital gains ... if there no will of intent is NO ones reasonable ... the person's assets can be sold off to settle that debt in an auction ...
There are several routes to go here. It depends on your state's laws, what type of organization you want to work for, and the type of counseling you want to practice. Sometimes, for specific types of counseling, all you need is a certification, such as CDC (Chemical Dependency Counselor). If you...
  == Answer ==   You must first build business credit under the business name.
This is a complex one, firstly because you do not tell us which country/laws apply. However, normally a man and wife are jointly liable for each others debts unless they have taken steps to prevent this. Also a credit card debt is normally unsecured (against property) and therefore you would have to...
Most communities have debt consultation agencies, some for profit and some non-profit. For a nominal fee they contact your creditors and help you set up a budget. Check with the BBB for legitimate ones, however.
Technically, only until the full balance of the debt is paid down to $0. However, some debts are considered open ended, such as credit cards or other lines of credit. While you may not actually owe any money on a credit card, for example, the line of credit is open until you have formally closed it,...
  == Answer ==     No. Once the party involved has informed the collector that they do not want them calling their place of employment the calls must end. Some collectors however simply will not listen and continue to break FDCPA laws. If this is the case the collection agency should be...
Being in debt has nothing to do with the reason why you can not get a job. You can not get a job in this depression for some other reason; I have no idea what. Frequently in the United States, the reason is because you are a white male who decided to study social science or humanities and discovered...
  == Answer ==   My mother-in-law pays a pool service $35.00 per week during the summer months to maintain her plaster diving pool. The company does not require that she be home when they service the pool, as she allows them access into the back yard pool area. Doing this eliminates the...
  In theory, yes. Unless the person lives in a state where the homestead exemption is unlimited, it is highly unlikely the state homestead exemption will protect the property. However,it can depend on whether the home is jointly owned and if they are sole or joint debt(s). Other factors are if...
In many states, yes. This is called hindering a linder in the recovery of collateral. In some states such as California, it is a felony, while in others it is a misdemeanor. In the event the lender obtains an order called a replevin against you, if you attempt to avoid the repossession, you will be...
No it will not go away in 7 years if it is unpaid. If debt is lft unpaid, the interest rates will continue to go higher and higher.
"If a collector contacts you about a debt, you may want to talk tothem at least once to see if you can resolve the matter - even ifyou don't think you owe the debt, can't repay it immediately, orthink that the collector is contacting you by mistake. If youdecide after contacting the debt collector...
  == Answer ==     No, in this type of situation only the account holder is responsible for the debt. If there is no estate the debt will be voided. Please be advised this does not necessarily mean an unethical collector/creditor would attempt to convince family members they are obligated...
You should pay an debt that you owe, but they can't force you unless they take you to court over it. They could file a lawsuit that would end up as a judgment. They could then garnish your wages or take your tax refund to pay for it. Your best bet is to set up a payment arrangement with them. After...
Most non-profits that are bigger are formed at the National level as 501c3 status. That is just a legal entity though, where these nonprofits conduct their business can be at their choosing. That means it could be at a state level.
== Answer ==   They'll find you!   == Answer ==   Check your credit report, chances are the collection agency name and address is lurking!
If a company's rate of return on total assets is ledd than the rate of return the company pays its creditors you have positive financial leverage.
its unusual, from the ones ive known, no most use an internet site to process credit cards.
Prejudice in an individual can only be eliminated if the individual thinks that their prejudice is wrong. To solve the problem of prejudice, people need to be convinced that their views are mistaken. That's the bottom line.
i am a business owner for over 11 years I take whatever the government leaves me after they tax me to death
Used Auto Financing     Cars are no more an item of luxury. They have become more of a necessity nowadays. You wish to purchase a car but are short of money. You have explored the loan market and have realized that you actually can't afford buying a new car. What would you do in such a...
AnswerNo. People are not sent to jail for not paying their debts. A writ of judgment is granted when the plaintiff wins the lawsuit. The judgment can be enforced in several ways, pursuant tot he laws of the debtor's state of residency. The preferred form is wage garnishment or bank account levy. It...
The short answer is, "Yes". The hospital or its biller (who likely bought your debt) for just under cost) may charge interest of certain percentage depending on the state, usually around eight percent (minimum), depending on credit scores and/or their whim as allowed by law. You should look this up...
1.whos name is on the account or is it a joint credit card account 2.you have to prove who charged what on credit cards to sort out charges(lawyers will ask this)
Because they want their money back. We are in a very bad economy in which no one has enough money to do business.
No. If you wish to redeem the debt you need either to go bankrupt (legally) or enter into an arrangement to pay off the debt. If you livew in the UK go and see the Citizens Advice Center to help you with this.
That question doesnt make sense! You need to improve you question grammar technique.From Josh 'Watermelon' Smith :)Add me on FacebookIm looking for a long-term relationsip ;) ;)
International skip tracing is a tricky thing. The general rule of thumb for any sort of skip tracing, the profession that will be enlisted to locate and identify you and your assets, is that if it can be conceived of it can be done. Skip tracers are very imaginative people. Passports are records....
Answer . It would be a very bad thing to do. You are voluntary having it repossessed. The lender will sell the car for whatever they can get and you will be responsible for the difference in what they sell it for and the balance on the loan. They will more than likely wholesale it and you will be...
  Yes, you have to say in every collection call according to the FDCPA (Fair Debt Collection Practices Act), regardless of the state you are calling in.   You can take a look here www.fair-debt-collection.com
Trojan Horse some programs that hide or programs that so you want uninstall them, like a parental control program ,put on there so their kids don't go to web sites that have nudity, & sex stuff, so it hide in the root directory..
There is no abbreviation for consolidated. I suggest consol.Hi to ma'am Irene Tapayan.By: Arnold dela Cruz Victorias National High School
  Factoring of Debts or Invoice Factoring is primarily utilized by New Businesses since traditional sources of financing & equity are not available to them yet. There has also been a recent increase in popularity for Factoring now that banks are more hesitant to loan money in general, so...
Debt Settlement Companies provide relief from your current budget. It will allow you to bring down your current monthly payments on your debt and as a result, you have more cash available in order to spend on other things that you may need. Not only this, but some of the options available to you...
Yes. Just because they have reported you to the credit bearau does not mean all of your debt is clear. You are still responsible for that debt, If this were the case than every American would be debt free, No one would pay there bills. Maybe if you have to ask this question you should not be using...
If you cannot afford the payments, talk to them and ask them to lower the payments. If that does not work out, try getting into Debt Settlement. Make sure to research on the negatives of Debt Settlement. 1. Credit score drop 2. Collection calls 3. Chances of getting sued Look out for a company...
Answer . \nAbsolutely not. Even when lawsuits are inititated, won and judgments granted to the plaintiff, many debtors will be "judgment proof" (the legal term is execution proof). This indicates the debtor has no assets that can be attached by creditors for debt owed. Many judgments are renewable...
I don't see how defaulting in credit card gets your resume rejected. If you got the interview, pass the background check and the company decided to run a credit card report on you and you defaulted then they will not hire you. Resume rejection is only if you did not get the interview.
The charge off is the declaration by a creditor that an amount of  debt is unlikely to be collected. The implication that it increases  the consumer tax.
Most likely your bank. If you have been a valueable customer for many years and never left them no matter how much they charged you on overdraft fees, they will most likely give you a credit card, but be careful. If they do, do not charge things that you want. It is only for emergency purposes.
Most of the time this won't happen because when they pull a report  on the car, or when title work is done, it would immediately show a  lien on it. An individual may make that mistake, but they will also  find out and the problem would have to be addressed.
  LC confrmation charges is the charges paid to confirmation bank and born by the applicant, normally a confirmaton bank is bank which give the payment on the presentation of documents by applicant,s bank
== Answer ==   == ==   Honestly, what makes a bigger difference are your credit scores. Naturally if you are in a debt management program, your credit scores will drop like a rock. So, it becomes very difficult to get another loan for anything. If your credit scores are already below 650,...
Spanish across the worldOther than in Spain and Latin America, Spanish (or Castillian) is spoken in Equatorial Guinea (West Africa), the Philippines (by part of the population), and in Morocco, in the cities of Ceuta and Melilla, which are Spanish territory. It is interesting to note, too, that...