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What else can I help you with?
You co-signed they are coming after you for the debt What can you do?
You cosigned that you would pay the debt if the other person is late or defaults. That means you have to pay the debt if the other person is late or defaults.
What do you call a person who can't pay their debt?
A person who cannot pay their debt is often referred to as a "debtor." If they are unable to meet their financial obligations, they may also be described as "insolvent" or "bankrupt" if they have filed for bankruptcy protection. In informal contexts, they might simply be called "broke."
How can one pay your credit card debt?
The best way a person can pay their credit card debt is by getting a job to earn money to pay off the debt. By being wise about how their money is spent, a person can begin to pay off the debt without creating more.
A person who is unable to pay his debt?
bankrupt
Definition of primary promise?
promise to pay another's debt that is not conditioned upon the other person's failure to pay promise to pay another's debt that is not conditioned upon the other person's failure to pay
Debt collection agencies should not be allowed to call a person's work phone to get ahold of them.?
Debt collection agencies should not be allowed to call a person's work phone to get ahold of them.
How can I call to lower my credit card debt?
You can consolidate your loans, which is basically filing for a new loan to pay off your debt, at a lower rate an interest that meets your ability to pay.
If attempting to pay a debt can a person still be taken to court?
If you are attempting to a pay a debt, a person can still take you to court under certain conditions. As long as you are attempting to make payments, most creditors will work with you.
How do you collect a debt from a lawsuit?
If the person who owes the debt does not voluntarily pay, you have to go to court and seek garnishment. See a lawyer to do this.
Can a promissory noted be enforced after the debt was acquired?
If you mean that a note to pay back the debt was signed by the debtor upon the debt being acquired, then yes. Any note that the person signs saying he or she will pay back a debt is a legally binding agreement.
How can a person find the best ways to pay off their debt?
Each person prefers a different way to pay off debt. Some of the options available to pay off debt are pay more than the minimum amount each month, if extra money is available put it towards paying off the debt. More can be found by just searching or coming up with weird ways that might work.
When a person is relieved of ever having to pay back debt as a result of bankruptcy is called?
a happy person. :)
