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Not long if you work on paying it off as quickly as possible. It depends on the size of the debt, and the type of intrest rates you have. For a house, expect 30 years.
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What is Mexico's debt level?
Government debt can be subdivided into two categories: external debt and domestic debt. External debt is the outstanding debt owed from the Mexican government to foreign governments (such as the United States or Europe), banks, institutions and individuals. Domestic debt is the amount of debt owed to Mexican banks, institutions and individuals within the country.Mexico's government debt can be broken down as follows:External debt: US$46,208.8 million.Domestic debt: US$192,218.7 million.Total Mexican debt: US$238,427.6 million.Now, the indebtedness level is the percentage of debt compared as a percentage of the total sum of products and services sold in the country within a year (also named Gross Domestic Product - GDP). Mexico's Gross Domestic Product is valued at US$788,840 million (est. 2009).Therefore Mexico's debt level is:5.9% of its GDP in foreign debt.24.4% of its GDP in domestic debt.30.3% of its GDP for total public debt.
What is a monetary cost?
Monetary cost is the cost associated with borrowing money from open market that is called interest on debt as well. Example: If company take loan from bank of 1000 on 10% then 10% of 10000, 1000 is the monetary cost or cost of debt
What does The national debt include?
all federal debt from previous years.
What is after cost of debt?
The after-tax cost of debt is predominantly based on marginal pretax costs, as well as marginal or statutory tax rates.
What is national debt in 2015?
It depends on what country you are referring to. Here are the top 6 countries that have the most external debt in US dollars. There are other countries that have a higher debt to GDP ratio though. The U.S. currently has a national debt around 17.5 trillion dollars. The United Kingdom has a national debt of around 10.1 trillion dollars. Germany has a national debt of around 5.7 trillion dollars. France has a national debt of around 5.3 trillion dollars. Japan has a national debt of around 3 trillion dollars. China has a national debt around 3 trillion dollars.
How long does a debt stay on your record?
How long before they take debt off of your report is 7 or 10 years.
How long does it take for credit score to go up in rating after paying off debt?
How long does it take for credit score to go up in rating after paying off debt?
The national debt is 6 percent a year how long would it take for the debt to double?
12 years
When should someone take out personal loans?
As long as the debt is able to be handled then someone can take out a personal loan at any time as long as their credit and debt history is accepted by the bank.
How long will it take to pay the Philippines debt to the world bank?
very long time
How long does a debt judgment take to land on credit report?
5 months
What is the purpose of a get out of debt calculator?
Those who are in debt may need help figuring out how to get out. While making a budget is a great first step, creating long term goals is best done with a debt calculator. This will help determine what payments should be made and how long it will take to eliminate debt.
How long will it take you to pay off your debt consolidation?
How long it takes to pay off your debt consolidation will depend on a number of factors. The first thing you need to look at is how much money you owe. If you owe tens of thousands of dollars, it will take you longer to pay off your debt than someone who just owes a few thousands. The higher the debt, the longer the payoff period. You also need to take a look at how much of a monthly payment you can afford. The more money you put towards your debt each month, the more quickly you will be able to pay off your debt consolidation. When you take out a debt consolidation loan or sign up with a credit counseling service, they should be able to give you a good idea of how long it will take you to pay off your debts.
How long does a debt have to be inactive before it is past the statute of limitations in Tennessee?
It will take 7 years before the statue of limitations will be inactive on a debt in Tennessee.
What does a debt payoff calculator do?
A debt payoff calculator can help you to find out how long it will take to pay of any debt you have. The following website offers an easy to use debt calculator,http://www.bankrate.com/calculators/credit-cards/balance-debt-payoff-calculator.aspx
Can a debt collection company issue a summons for unpaid unsecured debt?
Yes, once a debt collection agency buys your debt from the original creditor they are legally entitled to all of your debt. Therefore, they can take you to court for any unpaid debts, so long as it is the debt they bought from the original creditor and only that debt.
How long does cancellation of debt stay on credit report?
Most of the time cancellation of debt will remain on your credit report for seven years. If the cancellation of debt is associated with a bankruptcy, it may take 10 years.
