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A person who cannot pay their debt is often referred to as a "debtor." If they are unable to meet their financial obligations, they may also be described as "insolvent" or "bankrupt" if they have filed for bankruptcy protection. In informal contexts, they might simply be called "broke."
What else can I help you with?
How can one pay your credit card debt?
The best way a person can pay their credit card debt is by getting a job to earn money to pay off the debt. By being wise about how their money is spent, a person can begin to pay off the debt without creating more.
How can I call to lower my credit card debt?
You can consolidate your loans, which is basically filing for a new loan to pay off your debt, at a lower rate an interest that meets your ability to pay.
How often can a creditor call you?
As often as they like - until you either pay up what you owe - or come to an arrangement to pay back your debt.
What do you call the price that a borrower must pay for debt capital?
I believe it is called the interest rate.
What do you call a person who you pay money to?
A payee.
What do you call a person that can not pay debt?
Deadbeat
What if i cant pay my catalog debt?
ring them up and explain.
You co-signed they are coming after you for the debt What can you do?
You cosigned that you would pay the debt if the other person is late or defaults. That means you have to pay the debt if the other person is late or defaults.
How can one pay your credit card debt?
The best way a person can pay their credit card debt is by getting a job to earn money to pay off the debt. By being wise about how their money is spent, a person can begin to pay off the debt without creating more.
A person who is unable to pay his debt?
bankrupt
Can you lose your house if you cant pay unsecured loans or credit card debt?
no
Definition of primary promise?
promise to pay another's debt that is not conditioned upon the other person's failure to pay promise to pay another's debt that is not conditioned upon the other person's failure to pay
How can I call to lower my credit card debt?
You can consolidate your loans, which is basically filing for a new loan to pay off your debt, at a lower rate an interest that meets your ability to pay.
Should you file bankruptcy or debt consiladation with a total credit card debt of 27k?
not unless you know you cant pay it then yes do so be for it gets out of control
If attempting to pay a debt can a person still be taken to court?
If you are attempting to a pay a debt, a person can still take you to court under certain conditions. As long as you are attempting to make payments, most creditors will work with you.
How do you collect a debt from a lawsuit?
If the person who owes the debt does not voluntarily pay, you have to go to court and seek garnishment. See a lawyer to do this.
What is the meaning of Third World dept?
the northern sidde of the world lends monney to the southen and they cant re-pay the debt so it is called the third world debt
