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In short it means that you have one or both of the following problems: 1.) You haven't paid off enough debt in a timely manner for a company to trust you to pay back any debt you may incur or 2.) You haven't established credit. The easiest way to establish credit is to get a credit card and and pay back the debt when its due on the credit card statement is due not in bulk.
What else can I help you with?
What does toxic debt mean?
A debt which is never likely to be repaid by the debtor.
What does subject to debt mean?
Subject to debt means that you are subject to being in debt. This is usually in reference to something being dependent on you being in debt.
What does the concept of secured debt mean in finance?
Secured debt is a debt that is guaranteed by the use of collateral. If the debt is not repaid, the creditor has the right to take the collateral from the borrower.
Do you feel that your current credit limit is restricting you due to insufficient experience?
Yes, my current credit limit may be restricting me due to my lack of experience in managing credit responsibly.
What does insufficient funds mean?
Insufficient funds refers to the state where there is no enough cash to meet the requirements. for example you need $1000 to pay for your car repairs but you have only $400 in your wallet. That could be termed a situation of insufficient funds or you gave a cheque of $1000 to somebody and you have only $500 in your account, that again would be a situation of insufficient funds.
What to do if you have insufficient debt experience and need a car now?
Go to one of those car lots that advertises as "buy here, pay here". The downside is that they dont report to the credit bureau, so it wont help you in the long run.
What does it mean to have insufficient space?
When a person has insufficient space it means there is no room to put more things.
What does angosto mean in spanish?
narrow, close, insufficient
What does debt outstanding mean?
That u payed your debt in full
What does hit the black mean?
its when you are in debt and you come out of debt when you get money.
Who is responsible for the debts of a person who has died if there are insufficient funds to cover the debt?
If there are not assets, the debtors lose their money. It is the primary reason to establish an estate.
What does the word insufficient mean?
It means not enough. E.g. The man couldn't get any cash from the machine as he had insufficient funds in his bank account.
Mother recently died does son inherent her debt?
Her son would "inherit" the debt only if he co-signed with her as a borrower. Her estate would pay the debts and the creditors would take the loss if the procedes from the estate were insufficient.
What does toxic debt mean?
A debt which is never likely to be repaid by the debtor.
What does discharge of a debt mean when it is not associated with bankruptcy does it mean the debtor is fullt released from the obligation to repay the debt?
Yes, if a debt is discharged the debtor no longer has to pay.
If the expenses for producing an item are more than what you can sell it for you will experience a what?
debt
What if the expenses for producing an item are more than what you can sell it for what will you experience?
debt
