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What else can I help you with?
How do I pay off debts quickly?
You can start by paying off small debts then working your way to the bigger debts. You can use the money from paid off debts to double payments on bigger debts instead of blowing that money.
Can a credit card povider take your savings account?
They can - if a court orders that any savings you have is to be used to pay off your debts !
Can you borrow money from the bank in Monopoly to pay off your debts and continue playing"?
No, in Monopoly, you cannot borrow money from the bank to pay off your debts and continue playing.
In what ways can one cancel IRS debts?
One can simply pay off the IRS debts. Another way one can cancel IRS debts is to get loans from banks to pay off the debts. Also, one can borrow money from peers to pay off IRS debts.
How to spend money to get out of debt?
Create a list of your debts. Pay off the small ones first, then get rid of your larger debts.
How do you escape from debts?
The only way to escape from debts is to stop using your credit cards. Start paying off your debts by saving a little here and there from your paycheck and put that into your savings account. Start off with one and work your way down to the last one. It will take awhile, but it can be done.
If you come into a small inheritance enough to pay off your debts is it better to pay them now or over time with a credit counselor company?
It would be better to pay off all debts as soon as possible! As said in the above answer, it makes more sense to go ahead and pay the debts, especially if you are paying interest or fees on these debts. But if for some reason you decide not to do that, pay them on your own because a credit counseling company will most likely want to charge fees for their services. Put the small inheritance into savings, so that next time around you have some cushion against sudden expenses. There are some decent CDs or savings accounts that pay interest. Then, work hard and scrimp for awhile to pay off those debts. If you need help figuring out how to manage the debts, a non-profit credit counseling company can help. There are also some good money management chatrooms that can help you become more savvy. I like the one on MSN Money.
What are two suggestions to reduce bad debt?
Paying more than the minimum on your debts and chasing out a savings account to pay off debts are a good way to help you reduce bad debt.
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.
Why did some states begin issuing money?
to help pay off debts.
Is it worth paying off old debt?
Yes because if you don't pay off your old debt then guess what? You owe even more money now as it piles up.Also, if you pay off the old debts, the person(s) who lent you the money, would be more willing to lend you money again, if need be. If you don't pay off old debts, they won't trust you enough to let you borrow money again and you will probably be defamed as well.
Am I expected to use my fathers life insurance to pay his remaining debt off?
Yes, that is the law. If you blow the money, the creditors will come after you and make your life miserable. Why would you think you would not have to pay his debts with his money?
