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a debtor
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∙ 13y ago
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The amount of credit-card debt a person has?
The amount of credit card debt a person has may hurt them from receiving credit when they apply for loans. It is called debt to income ratio.
Debts owed by a business are called?
Debt held by businesses is called Business debt
What is the average personal debt per person?
The average personal debt per person in the US is around $52,000 per person. While this is high, the debt has fallen since the peak in 2008.
For how long can an unsecured debt be pursued?
until the company writes the debt off or the person owiing the debt dies
Can an individual be held responsible for a girlfriend's debt?
Only if the person were a joint debtor. If the person did not jointly incur the debt nor enter into a financial agreement as a cosigner he or she is not responsible for that debt.
The amount of credit-card debt a person has?
The amount of credit card debt a person has may hurt them from receiving credit when they apply for loans. It is called debt to income ratio.
If you owe money to a person what is your economic condition called?
Debt.
When a person is relieved of ever having to pay back debt as a result of bankruptcy is called?
a happy person. :)
Who can help a person with a bad credit?
Someone who helps a person with bad credit is called a debt counselor or debt consolidator. Many finical agencies such as banks and credit unions offer consultations with these professionals.
How does Debt Free Direct help people get out of debt?
Debt Free Direct can help a person get out of debt by analyzing a person's current financial situation and advise them on how to go about resolving their debt. Debt Free Direct has experts ready to recommend how you can eliminate your debt.
Debts owed by a business are called?
Debt held by businesses is called Business debt
What is the average personal debt per person?
The average personal debt per person in the US is around $52,000 per person. While this is high, the debt has fallen since the peak in 2008.
Can a person forgive a debt to another person legally?
If you are the one whose debt is being forgiven, it would be wise on your part to get a notarized document signed by the person forgiving the debt. This will be a proof in your part if anyone in the forgiver's family decides to collect on the debt.
Who are people who owe money called?
The presence of owing money is referred to as being 'in debt'. A person who is in debt is a debtor.
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.
For how long can an unsecured debt be pursued?
until the company writes the debt off or the person owiing the debt dies
Can an individual be held responsible for a girlfriend's debt?
Only if the person were a joint debtor. If the person did not jointly incur the debt nor enter into a financial agreement as a cosigner he or she is not responsible for that debt.
