answersLogoWhite

0

Why would companies wish to arrange set off of debt?

Updated: 8/16/2019
User Avatar

Wiki User

13y ago

Best Answer

Because they want their money back. We are in a very bad economy in which no one has enough money to do business.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why would companies wish to arrange set off of debt?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the first step a person should take when they wish to find out how to get out of debt?

The first step a person should take to find out how to get out of debt is to find out what debt they have. After they find out what debt they have, they should contact the companies that they owe money to and see if they are willing to settle.


Will the websites you have visited show up on your phone bill?

No, but many phone and internet companies will record such information. If you wish for this to appear, simply contact your provider and arrange for the settings to be altered.


How does a person find out if debt reduction companies are reputable and safe?

Debt reduction companies often charge high fees for things that you can do yourself for free. Start by contacting Citizen's Advice who will give you advice for free, or try Consumer Counselling Services. If you decide that you do still wish to use a debt reduction company, read plenty of consumer reviews and ensure that they are accredited by either BBB, BSI or AFCC.


If a relative dies with no surviving spouse a will and a home and car that is worth less than the debt on it and credit card debt and no assets what steps should be taken?

If the home and car are worth less than the debt on them, presumably they will be repossessed because their former owner, now deceased, will no longer be making payments. If some relative would like to make a claim on either of these, he or she would have to discuss it with the bank that holds the debt. Other than that, from what you are saying there is effectively no estate, hence, no steps that need to be taken, other than to arrange whatever kind of funeral or burial that seems fit, and even that is optional - if no relatives wish to get involved, the state will deal with it.


How do you report someone to collections?

You must find a collection agency you wish to do business with and arrange to either sell them the debt for a fraction of what is owed or pay them to collect on your behalf. This is a very complicated process and is generally only done if you have many accounts to put through their agency.


What companies wish they were Apple?

Most companies are pleased to be themselves and do not wish to be some other company, although sometimes they may wish they were as successful as another company they are in competition with.


What are the causes of external debt crisis?

WISH SOME one would answer this so i had some frickn answer to my assignment!! man u yr 12 econ


Are there companies that wish to exploit Antarctica?

Antarctica Do.


Fight Debt with a Reputable Company?

When you need help with mounting debt, you may wish to consult a debt consolidation company. It can be easy to end up in over your head, and gathering all your credit card debt into one monthly bill can help. A legitimate company can cut your bills down to a manageable sum, and form a plan to help get your debt under control within just a couple years. Be sure to research a few companies to find the best one.


Can I arrange to have a private dinner on a cruise?

If you wish to arrange a private dinner on a western Caribbean cruise the best thing to do would be to contact your cruise operator before you depart. They will be able to advise what options are available, Royal Caribbean Cruises offer several different types of private event.


Can you file a chapter 13 bankruptcy on a fraudulent debt with unemployment?

I wish if I knew the answer


What are the dangers of consolidation loans?

Generally it depends on the volume of debt you wish to consolidate and the rates you currently pay on each individual debt. If the consolidation loan rate would be lower then this is an option but bear in mind you need to research the options well.