Results for: Debt

In Debt and Bankruptcy

What is debt?

Outstanding balance in your loan account or credit card account that remains unpaid beyond the due date. It's the debtor's obligation to repay such dues to the creditor.
In Debt and Bankruptcy

How can you get out of debt?

First step is to put down everything you owe to the nearest penny. Knowing where you are makes it easier to know where you want to go. Second step is to look at any interest ( Full Answer )
In Real Estate

What happens to debts if estate is in debt?

The estate has to pay all of them off if possible. If the estate doesn't have the assets to do so, they distribute as best they can. If the court signs off on the distribution ( Full Answer )
In Credit and Debit Cards

What is debts?

Debt is the money which you borrowed from anyone and you owe it. One should borrow money only if very necessary and should be able to pay it back..
In Debt Consolidation

How do debt consolidators eliminate debt?

Debt consolidation companies do not eliminate debt. Do not confuse this with debt settlement. Consolidation companies simply merge all of your debts together into one payment ( Full Answer )
In Debt and Bankruptcy

How is the debt answer? has been a life saver since my wife and I have had a decrease in income due to the horrible economic times. The Law office has helped us out tremendously and ( Full Answer )
In Debt Consolidation

If I am in debt what do I do?

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 init ( Full Answer )
In Debt Collection

What can debt collectors do to collect debts?

That will depend on the laws in your specific jurisdiction. Stateshave passed laws regarding what is allowed, such as the hourssomeone can call, whether they can be called at ( Full Answer )
In Debt Consolidation

When will you get out of debt?

If you are able to consolidate your debts, you will get a new loan to pay off other debts. Then you will pay off the new loan as quickly as possible. If it doesn't work out th ( Full Answer )
In Credit and Debit Cards

How do i get out debt?

The simple answer is - discipline ! Work within a budget. Contactcreditors and arrange a lower monthly payment. It might take sometime - but eventually you can be debt-free.