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What else can I help you with?
If you make a payment on a debt can they still file for a judgment?
Off course. A payment on...is not paying it off.The judgement is to asure you will.
What is a good interest rate for debt consolidation loan?
Generally interest rate for debt consolidation remains low. But it also depends on different companies and their policies. They also lower your credit card interest payment up to 60%. By consolidating your debt you are paying one monthly payment, which is lower than all the payments you are paying to creditors. The debt consolidation agency uses this payment to pay off the actual debt and the interest on the debt.
Why is it more difficult to get out of debt when only paying the minimum payment?
Paying only the minimum payment on debt makes it harder to get out of debt because most of the payment goes towards interest rather than reducing the principal amount owed. This means the debt takes longer to pay off and more interest accumulates over time, making it more expensive in the long run.
Is a child required to show proof of payment of debt to a deceased mother to avoid paying the debt to an estate in an irrevocable trust?
Yes.
Can a person be imprisoned for non payment of debt?
a person be jailed for not paying Arkansas Personal taxesw
Which monthly bill is money spent towards paying off debt?
Money spent towards paying off debt often comes in the form of a monthly credit card bill. A car loan payment is also money spent towards paying off a debt.
How do you pay debt collectors?
To pay debt collectors, you can typically do so by sending a payment through mail, making a payment over the phone, or paying online through the debt collector's website. It's important to keep records of your payments for your own records.
What is a disadvantage of using a debt consolidation service?
According to me there is no disadvantage in getting debt consolidated. By consolidating your debt you are paying one monthly payment, which is lower than all the payments you are paying to creditors. The debt consolidation agency uses this payment to pay off the actual debt and the interest on the debt. The rate of interest you are offered by these companies always remains much lower to that of all your existing debt. With the financial process you reduce your debt burden by 50% to 60% and also before time then you yourself can pay off.
i am 19 and have a debt of almost 800 dollars i owe the bank what can i do?
You could consult the bank regarding methods for paying the debt or perhaps setting up a payment plan.
Are there any risks in paying off a debt that was discharged through the bankruptcy?
No. Paying it off or even making a payment, does not reactivate the debt. Nor will it obligate the person to make future payments on that account or any others included in the BK.
How can one refinance credit card debt?
You can start with going to the bank and tell them that you have problems paying the debt. In that way the bank can give you better terms or even a payment plan.
Who can benefit from debt consolidation programs?
Many people benefit from debt consolidation programs. For example, it will give you more control in paying off your debt. Furthermore, people whom you owe money to will receive their payment.
