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What is the number one reason why consumers default on their debts?
Wiki User
∙ 10y ago
They do not have the money to pay back their debts!
They do not have the money to pay back their debts!
They do not have the money to pay back their debts!
They do not have the money to pay back their debts!
Wiki User
∙ 10y ago
Wiki User
∙ 10y agoThey do not have the money to pay back their debts!
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What are the Liquidity ratios?
measure of a firms ability to meet short term cash payments. bassically liquidity ratios show how good a business is at paying off its debts. hope this helps :)
What are the ratios in liquidity?
liquidity ratios include current ratio (which is current assets/current liabilities) and acid test (which is current assets- stock/current liabilities.) liquidity ratio's shows how good a business is a paying off its debts. hope this helps.
Why is not recommended that consumers acquire debts?
Debts must be repaid with interest.
Why is it NOT recommended that consumers acquire debts?
Debts must be repaid with interest.
What has the author Henry Longdon Shepherd written?
Henry Longdon Shepherd has written: 'Default and adjustment of Argentine foreign debts, 1890-1906' -- subject(s): Debts, Public, Public Debts
Is there a statute of limitations on repossessed debts owed or are they indefinite after the court has found you in default?
Yes the SOL varies by state.
How exactly does a credit default swap work?
"Most of the time, they take two people's bad credit and subtract both debts by the lower number. They can, however, make you sign a contract. SO WATCH out and read the contracts."
How are chapter 7 and chapter 13 bankruptcy similar?
Both are for consumers, as opposed to businesses, but Chapter 7 absolves all debts, whereas debtors in Chapter 13 restructure their debts on 3-5 year plans.
Who pays your debts if there is no estate or will?
All the more reason to open an estate. The estate has to pay all of the debts off if possible. If the estate doesn't have the assets to do so, they distribute as best they can. If the court signs off on the distribution, the debts are ended.
Why was john dickens put in jail?
John Dickens had not paid his debts for that reason he was sent to jail.
A miracle number pls to bet you are having debts pls?
If you have debts, using the money you have to bet will just make things worse.
Can you have your auto repossessed from your son?
A family relationship does not change contract law. If your contract allows for repossession when the buyer is in default, and your buyer is in default, then yes. If you do not have a contract then I would suggest you contact a local attorney who can guide you according to local law for non-contract debts.
How can you remove debts that are five years old from your credit report?
If they are valid debt default entries they cannot be removed from the report until the required seven years have expired.
Are you responsible for your deceased mothers credit card bills in Oklahoma?
The estate of the deceased is responsible for resolving the debts left behind. This is the reason that an estate is a good idea, it provides a means to settle the debts.
