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What is difference between i owe you and you owe me?

"I owe you" indicates that one person has a debt or obligation to another, often implying that they need to repay or fulfill a promise. Conversely, "you owe me" signifies that the second person has a debt or obligation to the speaker. Essentially, the phrases flip the roles of who is indebted, highlighting the relationship between the two parties involved in the transaction or obligation.


How do you find out who you owe or what you owe?

Type your answer here... debt collection


Seize bank account for credit card debt?

If your bank account has been seized because of a debt you owe, you should call and work out a payment arrangement with the creditor. You should also start a new bank account.


You owe state taxes you had filed jointly if you file separatly this year will they keep both federal returns?

Generally, yes. If the state where you owe taxes has already put in a garnishment request to the IRS, then any federal refunds issued to either of you will be garnished to pay the debt. If you also owe money to the IRS they will keep it first. If you owe money to other agencies, the refund may also be used to pay those debts as well. You can only submit an injured spouse claim to split a refund if only one person owes the debt that is being garnished. If you both owe the debt, then you are both equally liable for all of it.


Who responsible to prove you owe a debt?

http://www.creditinfocenter.com/rebuild/debt_validation.shtml

Related Questions

What is a 3 letter word of a person in debt?

Owe


When you owe a good or service to another person you are in what?

DeBt


What information can you gather from a debt collector?

A debt collector can tell you and is required by the FTC to provide you in writing the name of the person or company you owe the money to, the amount of the debt, and what you can do if you think you do not owe the debt. If you need to know more information about debt's you owe,contact the FTC.


If you owe money to a person what is your economic condition called?

Debt.


What can happen in SC to you if you owe a debt?

If a person owes a debt in South Carolina, they may have their paycheck garnished. They can also be sued for the debt.


What do you call the person to whom money is owed?

You call them 'The person I owe money to'


How does an offer in compromise help a person settle tax debt?

An offer in compromise represents the most a person could be expected to pay of what taxes they owe. It allows a person to settle their tax debt with the IRS for less than the full amount they owe.


Which term is defined as the money you owe to a person business or institution that extended loan to you?

debt


If you owe money and the spouse of that person said dont worry about it do still owe the money?

If the debt is in writing and you only have a verbal clearance of it, then I would suggest that the debt is still owed. The spouse might not have the authority to write off the debt. You need to get the spouse or the person owed to sign a document to the effect that the debt is no longer outstanding.


What is difference between i owe you and you owe me?

"I owe you" indicates that one person has a debt or obligation to another, often implying that they need to repay or fulfill a promise. Conversely, "you owe me" signifies that the second person has a debt or obligation to the speaker. Essentially, the phrases flip the roles of who is indebted, highlighting the relationship between the two parties involved in the transaction or obligation.


What did amnendment 13 do?

NO slavery No person shall be held against their will to do hard labor if they have a debt to owe


Which term is defined as the money you owe to a person business or institution that extended a loan to you?

debt