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What does toxic debt mean?
A debt which is never likely to be repaid by the debtor.
What is a good advice for people with bad credit who want to get a loan?
Individuals should probably look over their current debt situation before taking on more debt. Decide if their current income adequately covers the debt they are already servicing. Finally, obtain a credit report and try to fix any payment history issues.
What does subject to debt mean?
Subject to debt means that you are subject to being in debt. This is usually in reference to something being dependent on you being in debt.
What does the concept of secured debt mean in finance?
Secured debt is a debt that is guaranteed by the use of collateral. If the debt is not repaid, the creditor has the right to take the collateral from the borrower.
What does credit debt reduction mean?
Credit debt reduction refers to the process of trying to reduce someone's debt through various means, such as renegotiating debt repayments, debt forgiveness, reduced interest rates, or eliminating late fees.
How much did the French government spend servicing it's debt in 1789?
20 trillion american dollors in debt.
Are There Other Things That Can Impact On How Much I Can Borrow?
Lenders will look at your resources and liabilities in addition to the assets of the business. They will then consider the debt servicing capability of the business enterprise and any other outside income you may introduce or debt you are presently servicing.
What is debt servicing?
Debt service refers to payment of money owed to a bank or other institution. Debt service may be done all at once or in stages.
What does under utilisation mean?
Minimal maintenance or servicing of something.
What is meant by brake servicing?
Brake servicing can mean a number of things. It can mean your brakes need to be replaced, or they need to fixed up, or simply cleaned. Basically an kind of service involving your brakes.
What does it mean when my truck has trouble changing gears?
Your transmission is in need of servicing.
What does a blinking D4 light mean?
It means the car needs servicing.
What does nature of business mean in computer servicing?
It means the type of business.
What does hit the black mean?
its when you are in debt and you come out of debt when you get money.
What does debt outstanding mean?
That u payed your debt in full
What does toxic debt mean?
A debt which is never likely to be repaid by the debtor.
What does discharge of a debt mean when it is not associated with bankruptcy does it mean the debtor is fullt released from the obligation to repay the debt?
Yes, if a debt is discharged the debtor no longer has to pay.
