0
What else can I help you with?
A levy was placed on a joint account due to a debt your daughter is disputing can this affect your other checking account?
No, it will only affect ur joint account. Then cannot touch your other account.
What debts are covered under fdcpa?
Every and any debt attempted to be collected by a third-party for and in the United States, with additional rules and requirements at State levels which often are the same; this includes companies that buy bad debts if they attempt to collect the debt.
Is it true the amount of debt is less than the income earned?
Whether the amount of debt is less than the income earned depends on the specific individual or entity being considered. For some, their income may exceed their debt, allowing for financial stability, while others may carry debt that surpasses their income, leading to potential financial difficulties. It's important to evaluate financial health by comparing total income to total debt, along with other factors such as expenses and assets.
What are the main elements in calculating cost of capital How would an increase in debt affect the cost of capital How would you identify the optimal cost of capital for an organization?
Capital is calculated by subtracting the business costs from the profits gained from products and services. An increase in debt would decrease the total capital by increasing business costs. The optimal cost of an organization is low debt and high credits.
What is the time limit imposed on a collection agency to validate a debt?
If you legally incurred the debt then you are responsible for it until it is paid. A company other than the company to which you were originally indebted may purchase the rights to your debt and you are responsible for paying them. There is no time limit on that debt. A collection agency can legally pursue you until the debt is paid in full. However, there is a time limit on the negative consequences of not paying the debt. In most circumstances that limit is seven years. Seven years from the time you became delinquent with your original creditor. Whether or not your debt was purchased by a collection agency, it should not be reported on your credit report or affect your credit score after seven years. The only time the debt could reappear is if you take an action on it. For example: In 1997 you applied for and received a store credit card and charged $1000 in merchandise. You did not pay the bill and after their attempts to collect the debt fail, the store sells your debt to a collection agency in 1998. That agency sells your debt to another agency in 2000. In the meantime, you pay all your bills on time and have an otherwise spotless credit history. In 2004 your $1000 debt will no longer appear on your credit report and your credit score will be higher because the old debt is no longer figured in the calculation. The collection agency is not doing anything illegal by contacting you regarding your debt. But it is no longer affecting your credit rating. In 2007 you pay $500 toward the debt. Your credit report would reflect you have a $500 debt to the collection agency and your credit score would drop. I hope this answered your question.
How long has the USA been in debt?
The USA has been in debt since its founding in 1776. Throughout its history, the country has accumulated various levels of debt due to factors such as wars, economic downturns, and government spending.
Do instant loans negatively affect credit?
Credit scores are effected by many factors. One of the factors is how much debt you have in comparison to your income ratio. A high volume of debt, perhaps from an instant loan, when you have a low income, will negatively impact your credit.
How to pay off debt quickly?
there are many different comapanys that focus mainly on helping people in debt i sugest finding one of those companys Hope you are able to pay it off :)
What are the factors that determine municiple bond ratings?
Municipal bond ratings are determined by factors such as the financial health of the issuing municipality, its ability to generate revenue, its debt levels, and overall economic conditions.
Why is the US dollar crashing?
The US dollar may be weakening due to factors such as economic uncertainty, high levels of debt, and changes in interest rates.
What are 3 factors that can affect your credit score?
If you are employed, how much you already owe, If you pay your credit obligations on time, and your debt to asset ratio.
What is the difference between public debt and national debt, and how do they impact a country's economy?
Public debt refers to the total amount of money owed by a government to its creditors, which can include individuals, institutions, and other countries. National debt, on the other hand, encompasses all forms of debt incurred by a country, including public debt as well as private debt. Both public debt and national debt can impact a country's economy in various ways. High levels of debt can lead to increased interest payments, which can strain government finances and limit the ability to invest in other areas such as infrastructure and social programs. Additionally, high debt levels can also lead to higher taxes or inflation, which can negatively affect economic growth. Overall, managing public and national debt levels is crucial for maintaining a stable economy and ensuring long-term financial sustainability.
How much debt is Kenya in?
As of 2021, Kenya's total external debt stood at around $36 billion. However, it's important to note that the country's debt levels can fluctuate due to various factors such as borrowing, repayments, and economic conditions.
What factors contribute to having a good debt-to-income ratio (DTI) and how can it be improved?
Factors that contribute to a good debt-to-income ratio (DTI) include having a higher income, lower debt levels, and managing debt responsibly. To improve your DTI, you can increase your income, pay off existing debts, and avoid taking on new debts. Additionally, creating a budget and sticking to it can help you manage your finances effectively and improve your DTI.
What are the factors that affect a home budget?
Factors that affect a home budget include income level, expenses (such as rent, utilities, groceries), debt obligations, savings goals, unexpected emergencies, and lifestyle choices (such as dining out or travel). It is important to consider all of these factors when creating and managing a budget to ensure financial stability.
What are the factors that influence municipal bonds ratings?
The factors that influence municipal bond ratings include the financial health of the issuing municipality, its ability to generate revenue, its debt levels, economic conditions, and any legal or regulatory risks.
Does medical debt from years past affect my credit?
Medical debt does affect your overall credit score. However, when buying a house or car, most of the time medical debt is not factored into the equation.
