About 190 years to pay off $6 trillion at $1,000 per second. And that assumes that the $6 trillion balance does not increase during that time.
It takes their money in order to get out of debt.
Yes the second collection will be placed on the credit report. But they will remove the first collection agency off the report. In some states it is against the law to be double billed by two collection agency for the same debt.
When he became president the country was in a big depression and he had to get people back to work and the banks working, but that takes money. It became obvious that would also affect the national debt and it became an issue for his second term.
Type your answer here... also known is junior debt or second lien debt.
RUSSIA
how many days to pay nations debt at 100 dollars a second
£1000
1000%
Yes, if a creditor takes legal action to collect a debt, you may have to go to court.
No this is not legal.
If a debt collector takes you to court, you will have the opportunity to defend yourself and present your case. The court will review the evidence and make a decision on whether you owe the debt and if so, how it should be resolved. If the court rules in favor of the debt collector, they may be granted the legal right to collect the debt from you through various means, such as wage garnishment or asset seizure.
There is no such thing as "debt ratio." A ratio is a fraction,, it needs two numbers, one divided by the other. A debt/equity ratio of 0.5 is debt = $500, equity = $1000, or any other set of numbers that equals 0.5 or 50%.