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deficit financing adds to public debt because it is regularly spending more than it takes in each year-and then borrows to make up the difference.

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Can a debt collector add interest fees etc to a debt they have against you in NY?

Yes, New York allows a debt collector to add interest on a collection debt. For more information please visit www.OntrackFinancialGroup.com Ontrack Financial Group llc 888-686-6834


What is debt-trap?

Debt Trap is a situation where you add on a new debt in order to pay an existing debt. Generally, when the firm or an individual is over leveraged all the credit sources are exhausted, the firm or individual arrives at a situation of debt trap.


How do you calculate debt to income?

You add up all of your monthly income and derive a number. You then add up all of your debt. Home loans, auto loans etc. The difference is your debt to income value. What you are really looking for, and what banks want to know is your monthly debt to income ratio. In this you will take all of your monthly bills. Auto loan payment, rent, phone and every bill you can think of. you add these together. You then look at your total credit card debt and divide this by 12. You add that into your total monthly payments. This is your monthly debt payment. To be considered to be sound as far as banks go, you total debt payments should NT be more then 50% of your income. It used to be 25% of your monthly income could go towards a mortgage or rent. They have moved that number up some, but it is a nice point to aim for.


How do you become debt free without assets?

To become debt free without assets, you can start by getting a job and paying your bills. Set up a budget and follow it. Be sure to include savings and investments. Do not add any more debt!


Can a collection agencies add addtional charges to debt?

Yes.Collection agencies can add "administrative fees" and late-payment charges. It all depends on the agency of course...

Related Questions

How does deficit financing add to the public debt?

deficit financing adds to public debt because it is regularly spending more than it takes in each year-and then borrows to make up the difference.


Does the federal deficit add to the federal debt?

A budget deficit can lead to more borrowing thereby impacting on the national debt


Why is add called add?

'ADD' stands for 'Attention Deficit Disorder'


What is the common name for attention deficit disorder?

ADD is the common name for attention deficit disorder.


What is the abbreviation for attention deficit disorder?

The abbreviation for attention deficit disorder is ADD. Additionally, the abbreviation for attention deficit hyperactivity disorder is ADHD. These disorders are closely related.


ADD?

Attention Deficit Disorder (DIFFERENT FROM ADHD)


Why have you been diagonosed with ADD but im not hyper?

Because ADD (Attention Deficit Disorder) is where you can't focus all the time. And ADHD (Attention Deficit Hyperactive Disorder) is where you can't focus and you are really hyper.


How do you increase your attention span?

Go to a doctor and get tested for ADD (Attention Deficit Disorder) and if you are ADD get a prescription from your doctor.


What dose add stand for?

ADD, ADHD or any other combination means Attention Deficit Hyperactivity Disorder.


What is another word for lack of focus?

ADD, or attention deficit disorder is a disorder that makes someone loose attention. You could use attention deficit.


Why does ADHD have a slash in it?

ADHD stands for Attention Deficit / Hyperactivity Disorder. Attention deficit and Hyperactivity are two separate conditions often linked together. An additional diagnosis could be Attention Deficit Disorder (ADD).


What does addes mean?

There are very many meanings. The acronym could, possibly, stand for Attention Deficit Disorder.