0
Indentured Servants.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
What are some services that debt settlement companies offer?
Debt settlement companies offer services to help people in debt easily pay off their debt. They work with you and those that you have debt with to come up with a solution.
How does credit card debt elimination work?
Credit card debt elimination works by paying off the debt, therefore eliminating it. There are a lot of schemes for debt elimination but none work as well as working and paying it all off. Start with the lowest balance to get a feel for having something paid off.
What is it called to stop paying off debt?
To stop paying on a debt is to "Default" on the credit agreement.
How do debt consolidation services work?
Most debt consolidation services work by consolidating your debt into one loan. The debt consolidation service will pay off all of your debt balances and then make a loan to you for the amount of your debt plus any service fees. Normally the consolidated loan will have a lower interest rate than your previous debt balances.
How is the best way to quickly pay off corporate debt?
The best way to pay off corporate debt is to pay the high interest credit cards off first. If that does not work a company must consider filing for bankruptcy to escape debt.
Why is Georgia called debtors colony?
Georgia is called a debtors colony because it was created for debtors. In England, there were debtors clogging up the prisons. So people in debt where sent to Georgia to work off their debt. People were unable to pay off their debt and that is why Georgia came about. They took debtors out of the prisons and gave them a second chance. It worked and that is where debtors went.
What was the name for a society where debtors were bound to their creditors in servitude?
That system was called debt bondage or debt servitude, where debtors were forced to work for their creditors until the debt was paid off.
What best describes debt peonage?
Debt peonage (wage slavery) is when an employer compels a worker to pay off a debt with work.
What are some services that debt settlement companies offer?
Debt settlement companies offer services to help people in debt easily pay off their debt. They work with you and those that you have debt with to come up with a solution.
Someone who a agreed to work for an employer for set period of time in order to pay off a debt was called?
an indentured servant
What did indentured slaves do?
work to pay off a debt
How long did an indentured servant work for?
An indentured servant typically worked for 4 to 7 years to pay off their debt or passage to the New World. Once their term of service was completed, they were granted freedom and sometimes land.
How does credit card debt elimination work?
Credit card debt elimination works by paying off the debt, therefore eliminating it. There are a lot of schemes for debt elimination but none work as well as working and paying it all off. Start with the lowest balance to get a feel for having something paid off.
Where can people get free debt consolidation care?
People can get free debt consolidation care from family and friends willing to help pay off debt, or banks can help you make a plan to pay off your debt slowly and easily.
What is it called to stop paying off debt?
To stop paying on a debt is to "Default" on the credit agreement.
What does an indentured servant work for?
To pay off the debt owed.
What does Peshgi mean?
This word comes from Pakistan, but that country is not the only place where this practice occurs. In Pakistan, there is something called "debt bondage," where parents who are in debt and very poor sell their children to businesses, to work off the debt. The children are paid slave wages, expected to work long hours, and are often treated badly, but the parents get some of the money they need to pay their debts, while their child or children then work to pay off the money that the parents were given. This practice of giving an advance on the debt is called "peshgi." I enclose a link about this system of bonded labor.
