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What happens if a bank sues you but your income does not even cover your basic needs?
Wiki User
∙ 18y ago
Filing for bankruptcy, sadly, may be the only reasonable way, depending on your credit score. depending on the size of the suit(the amount of money) and the state of direct retention of collateral. i.e. is your car, house, tv, or anything of value for that matter paid off in full and under your name and/or that of your spouse? there is also thousands of variables and technicalities regaurding suits of this matter. all dependent on your state of residence. send follow up to julz420@hotmail.com
Wiki User
∙ 18y ago
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How can you get a car loan when your monthly income is not always the same?
With any loan -- whether it's for a car or a home or whatever -- the lender needs to know what your income is over time. If your income is all over the place, then you'll probably need to show the lender your last year's IRS Form 1040 -- maybe even two or three years' worth of 1040s. The lender simply needs to be able to see that even if your income jumps around, over time you make enough to cover the payments. You'll simply need to assure the lender that you know how to so budget your money that even though it comes in spurts, you will always have enough to make the payments. Simple as that.
Why is advertising immoral?
Advertising creates needs or wants in a world where the basic human needs have not been met for most human beings.
What is a needs analysis?
A needs analysis is an assessment to see if a person needs certain services. The Department of Social Services conducts this type of assessment to find out if the income a person has will qualify them for many programs.
What are the basic foundations of business?
The basic foundation of a business is to sell a product or service that meets customer's needs. When businesses do this correctly, they can make a profit.
What is the basic function of a report?
The basic function of a report is to summarize something. Reports give an idea of what has been done or needs to be done for example.
What is a economic responsibilities of a parent?
to provide basic economic needs of their children and to earn an income
How does the habitat of a water shrew affect it by getting its basic needs?
The habitat affects it by getting it's basic needs by sometimes by polluting the water.Also not providing enough cover to hide form predators.
What is a good income?
Honestly, it all depends on the individual. An income should first and foremost cover your most immediate needs. A good income will cover those needs and provide for the ability to save and purchase items above what is needed for survival (wants). Above all a good income should allow a person what they need to be safe and provide for those that depend on them. A good income is not directly correlated to happiness so a person's focus should be on more than just a higher pay.
IS fish farming a good buiness to get in?
yes farming is a good business to get in because it is one of the income earning source for the fullfillment of basic needs.
How does income limit wants?
Income usually is firstly concerned with needs, if income covers needs and leaves a surplus that can be used for wants. If income only covers needs wants become dreams.
What is poverty?
Poverty is the state of not having enough material possessions or income for a person's basic needs. Poverty may include social, economic, and political elements. Absolute poverty is the complete lack of the means necessary to meet basic personal needs, such as food, clothing, and shelter.
How do you use basic needs in a sentence?
Many people do not have their basic needs.
Why basic need are important?
The basic needs approach is one of the major approaches to the measurement of absolute poverty. It attempts to define the absolute minimum resources necessary for long-term physical well-being, usually in terms of consumption goods. The poverty line is then defined as the amount of income required to satisfy those needs. The 'basic needs' approach was introduced by the ILO in 1976 at its World Employment Conference.
Disability Insurance Needs?
Disability Insurance Needs One of the most common causes of income loss is through a disability. While most disabilities cause only temporary loss of income, any income loss can be devastating if you are not financially prepared. This calculator helps you determine how much disability insurance you may need to cover expenses during such a disability.
How do the Inuit's meet their basic needs?
they meat their basic needs by their intelligents
How did the pueblo Indians meet basic needs?
How did the pueblo Indians meet there basic needs
How did the Pueblo Indians meet their basic needs?
How did the pueblo Indians meet there basic needs
