0
What is a person who promises to pay the debt of another person?
Wiki User
∙ 12y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
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 promise or obligation to pay to another a certain amount of money which has no collateral?
unsecured debt
When are you in credit card debt?
A person is in credit card debt when they have charges on their credit card and can not pay them. A person can make charges on a credit card and make payments at a later date. When a person charges on their credit card, the charge is now a debt that must be paid.
Is mortgage elimination a scam?
Generally YES. There are legitimate plans that help you manage your finances and pay your debt down faster, but any programs that promises to eliminate or invalidate your mortgage are not legitimate.
What is a grantor on a loan?
A guarantor is the person who agrees to pay on a debt of someone else if the person who guaranteed to pay defaults on the loan. A guarantor is a type of co-signer for the loan.
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
What are the risks involved with having unsecured debts?
Unsecured debts are like making promises to each other about paying the debt, bu there is no written guarantee that it will be paid on the due date or the deadline. It is all about trusting the person who got the debt that they will pay their debt afterwards.
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.
Can court order you to pay for sons debt Im on ssdi?
Unless you are a co-borrower or co-signer or otherwise involved in the contract, you cannot be forced to pay another person's debt, regardless of his relationship to you.
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.
What do you call a person that can not pay debt?
Deadbeat
A person who is unable to pay his debt?
bankrupt
The person who signs a note receivable and promises to pay the principal and interset is?
MAKER
When a person buys an item now and promises to pay for it later he or she is?
using credit.
Definition of debt?
something that is owed or that one is bound to pay to or perform for another: a debt of $50.
Can you get a car of your own and be a co-signer?
The act of co-signing involves a promise to pay another person's debt. You can't be your own co-signer.
What will happen if your debt was sold to a debt seller then the debt seller sells it back because you can not pay the lump sum they are requesting does it get bought out by another debt collector?
Hello, The debt is sold further to another company at even lesser value.
