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That is something that was so long ago that it is unfortunately lost in time.
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∙ 6y ago
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A person who have to work a certain number of years to pay off debt?
Indentured Servant.
What is internal charge off?
A bank or a loan company can "charge off" a small amount of debt to get the amount off their books. However, this will affect a person's credit report. And it does not mean the person does not have to pay the debt. A debtor should still work to pay off the charge off, to clear the debt and save their credit rating.
Who agreed to work to pay off a debt?
The person who agreed to work to pay off a debt is often referred to as a debtor or borrower. They make a commitment to perform labor or services in order to repay their financial obligation to a creditor or lender.
How is the best way to quickly pay off corporate debt?
The best way to pay off corporate debt is to pay the high interest credit cards off first. If that does not work a company must consider filing for bankruptcy to escape debt.
How can a person find the best ways to pay off their debt?
Each person prefers a different way to pay off debt. Some of the options available to pay off debt are pay more than the minimum amount each month, if extra money is available put it towards paying off the debt. More can be found by just searching or coming up with weird ways that might work.
For how long can an unsecured debt be pursued?
until the company writes the debt off or the person owiing the debt dies
What did indentured slaves do?
work to pay off a debt
How does credit card debt elimination work?
Credit card debt elimination works by paying off the debt, therefore eliminating it. There are a lot of schemes for debt elimination but none work as well as working and paying it all off. Start with the lowest balance to get a feel for having something paid off.
Do you have to pay a personal loan off if the person dies?
The estate of the person who dies is responsible for paying off the 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.
What does an indentured servant work for?
To pay off the debt owed.
How can I pay off my debt?
First you must understand the two types of debt. Good Debt and Bad Debt. Good Debt = Appreciating Asset Bad Dept = Depreciating Asset Pay off your bad debt first and you do this by analyzing all your income and expenses. From this information create a budget that includes a debt repayment plan.
