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How do I understand and use a debt repayment calculator?
There are several internet sites with debt calculators available. Bankrate.com has one specific for credit cards: http://www.bankrate.com/calculators/credit-cards/credit-card-payoff-calculator.aspx. Dave Ramsey's site also explains a common method used to repay debt http://www.daveramsey.com/article/get-out-of-debt-with-the-debt-snowball-plan/.
What is credit and what is debt?
Credit is having a certain amount of money available on a pre-approved line. Debt is what happens when you use that line of credit and have to repay the money with interest. It is better to save up the money and pay cash or use debit
What was Hamilton's plan to get the nation out of debt was?
Hamilton wanted to create a national bank, use manufacturing to fund the national debt.
I took a line of credit out 10000 for my sister who is in debt and she is now paying me the minimum payment per month to pay the debt is there any way to transfer the debt to her?
There really are only 2 ways to transfer this debt to her, and both may be unlikely if she has a poor credit rating:Ask the lender to add her name and remove your name: This rarely occurs, since it absolves you of all liability of repaying the debt. A lender will want to retain the account holder most likely to repay (the one with the higher credit score).She can apply for a separate loan and use the proceeds to repay your loan. It is doubtful she would be approved for a loan with reasonable interest.Usually, obtaining more debt does not improve a situation. You are a good sister to do this, but know that it could catch up with you in the end if something happens and she cannot repay the debt. Next time, you might want to advise that you are not a bank!
Is it okay to use savings to clear debt?
If you can afford to do so, then you could use savings to clear debt.
What If I Wish To Make Use Of The Cash To Repay The Debt?
Not a problem. You should use your lump sum payment payout for any reason you want, including having to pay off debt or using the vacation a person can have or turning an aspiration perfectly into a reality.
What can one do with the Debt Buster online service?
The thing that one can do with the Debt Buster online service include consolidating one's debt into one simple monthly payment for free. Debt Buster online service can also help to repair debt and create a kind of debt relief service. And the service helps homeowners to use their home equity loan to repay debt.
Who is responsible for the debt if the deceased holder had allowed someone else to use her credit card?
In most cases the card holder has the sole responsibility of the debt. Some companies may try to "bully" authorized users into paying some, if not all of the debt. The "user" of the card has no legal obligation to repay the debt/charges.
could i use the money for anything?
money to get out of debt
What are two strategies you could use to get out of credit problems without declaring bankruptcy?
debt consolidation or debt negotiation
Where can I help my friend with his debt?
You could help him get out of debt by a few things, have him loan money, use a debt program that will supposedly take care of debt, or have him find out his credit score.
What is the best way to get out of debt?
The best way to get out of debt is to make a plan for your spending so that you don't use unnecessary spending. Second you should stop creating new debt right away so that means cut up the credit cards and make a budget plan.
