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One of the factors that may affect a company's debt level is management. Another factor that may affect debt levels is whether the company is making profits or not.
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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.
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.
What is the statute of limitations for debt collection in Michigan?
There is no statute of limitations for debt collection in Michigan. You can continue to collect as long as the debt is owed. The debt can be sold as well.
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.
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.
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 :)
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.
What are the risks of high debt levels?
house/car repossession
How does national debt affect a society?
it can do as it pleasessfasf
Will being in debt affect your credit rating?
Not generally.
What Factors which led to recession in US?
Houses and debt in crisis
If you already paid a debt how do you stop credit collectors from continuing to attempt to collect the debt?
have your recit,send them a copy. Or call who turned the bill in to colectors clear with who sent colector tocolect the paid bill if it is worng most companys will clear the colector account.
What are the four factors that determine a persons creditworthiness?
Factors that determin a person's creditworthiness arePayment history, amount of outstanding debt, amount of time that the debt has been open, and the amount of new credit.
What is the best company to cut your debt in half?
Reducing your debt by half is nothing but Debt reduction and in this process usually a debt negotiation is made so that your debt levels are decreased and settled in a possible shortest duration. Freedom Debt Relief is the Best company for your debt reduction. their Debt Reduction Program is an innovative solution for consumers struggling with debts.
