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What is the difference between bad debt and good debt?
Good debt refers to investments such as home mortgages or student loans provided you can manage the monthly payments. Bad debt is debt incurred for purchases that you don't need or cannot afford.
How can one pay off student credit card debt?
There are many ways to pay off student credit card debt. Some of the ways to pay off credit card debt are borrow against life insurance, get a home equity loan, renegotiate the term with a creditor and many more.
What kind of debt loans are available?
There are many types of debt loans available. A loan in it self is by definition a debt. Some of the types include but are not limited to: Student Loans, Debt Consolidation Loans, Home Loans, Personal Loans, and even the smaller end loans such as Pay Day Loans.
How do you use the word Prohibition in a sentence?
Laws can prohibit just about any activity.Poverty can often prohibit success. She wanted to prohibit students from bringing pack-backs into class, but the school had no rule against it.
Is a home mortgage debt considered a federal debt?
No. A federal debt is a debt that is owned to the federal government. A home mortgage is a debt that is owed to the lending agency, be it a bank, a mortgage company, etc.
What is the process of buying a home in Spain?
The process for buying a home in Spain is much like the process for buying a home in America. The major differences being the fact that you would be buying a home in a different country.
Will using home equity to pay off a large high interest rate student loan increase the risk of losing the home if payments are not made?
If you borrow against your home to pay off ANY type of debt and then do not make the payments, you can lose your home to foreclosure.
What is the impact on a credit score of getting a car loan within a year of buying a new home as a first time car buyer and home buyer?
The time involved has little effect. It depends on your income to debt ratio. Higher income, lower debt is good, while lower income and higher debt is bad. It also depends on the total amount used of you current available credit.
Can your home be taken for debt owed?
If it is a debt against the house.
If you're buying your home which is not in default but you file bankruptcy on all your other debt would you be allowed to keep making the payments and keep the property or do you have to claim it?
You may have to make reaffirmation to the mortgage holder.
What services are available through Quicken Loans besides home loans?
Quicken loans has a articles on personal finance, such as debt management, money saving tips, retirement. They also have information about mortgages, buying homes, and home improvement advice and tips.
Has debt grown since home shopping became widely available?
No, debt hasn't grown as a result of home shopping. Home shopping, in general, has had a substitutive effect for out-of-home shopping, so the reason for debt growth must lie somewhere else.
