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What is the consequence of printing money to pay off the debt?
Ohnjay100
You spend time in jail for 15 years and you have to pay.
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∙ 12y ago
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Which monthly bill is money spent towards paying off debt?
Money spent towards paying off debt often comes in the form of a monthly credit card bill. A car loan payment is also money spent towards paying off a debt.
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.
Can money in a savings account be attached to satisfy debt?
Yes. Any money in your savings account is your property and it can be used to pay off any debt that you have.
If a debt on your credit report says 'bad debt write off ' can the creditor still sue you or collect the money?
= If your credit report reports that you have a bad debt write-off, then it means that the original creditor has written off the debt, but they can still sell the rights to the debt to a collection agency and they can contact you and take legal action.
What can be done to someone who owes credit card debt but has no money or property and is being sued?
get a job(s!) and pay off the debt
Why is the US government printing money while it has so much debt and deficit?
click the link below to see what our national debit is around now. We keep on printing money because the only way that national debit can be payed off is with gold, not paper money.
Why doesn't the US pay off its national debt?
You mean by printing all the money it needs? Well, that would cause severe inflation, and put us in a worse situation. No one even suggested that as a solution. You didn't answer the question in any way, you just assumed they meant by printing more money. The national debt at the moment is 9 trillion dollars. Maybe that will help explain why it is yet unpaid.
How government debt affects business?
One way is it makes them have to higher taxes to help pay off and that means the buissineses aren't making as much money, so they raise the price Another way is when they go into debt they start printing more money. This cause inflation and causes prices to raise.
Which monthly bill is money spent towards paying off debt?
Money spent towards paying off debt often comes in the form of a monthly credit card bill. A car loan payment is also money spent towards paying off a debt.
What is one way a nation can develop foreign debt?
By borrowing more money to pay off their debt
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.
Can money in a savings account be attached to satisfy debt?
Yes. Any money in your savings account is your property and it can be used to pay off any debt that you have.
What happens when a person dies and is owed money by a friend. Is the debt written off?
The debt moves to his closest family member.
Who can benefits when the inflation is existing?
The government can benefit from inflation existing because it creates inflation by printing off money. The money it prints off can be used to finance expenses and the costs of printing money (and thus creating value from nowhere) are paid for by citizens of the country who experience higher prices as the value of their money falls.
If a debt on your credit report says 'bad debt write off ' can the creditor still sue you or collect the money?
= If your credit report reports that you have a bad debt write-off, then it means that the original creditor has written off the debt, but they can still sell the rights to the debt to a collection agency and they can contact you and take legal action.
What can be done to someone who owes credit card debt but has no money or property and is being sued?
get a job(s!) and pay off the debt
Where would the government get the money to pay off our debt?
From the tax we pay for the food we buy.
