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What else can I help you with?
The amount of credit-card debt a person has?
The amount of credit card debt a person has may hurt them from receiving credit when they apply for loans. It is called debt to income ratio.
Is it possible for you to transfer debt to another person?
Yes, it is possible to transfer debt to another person through a process called debt assignment or debt assumption. This typically involves the original debtor and the new debtor agreeing to the transfer of the debt responsibility.
How can I transfer my debt to another person?
Transferring your debt to another person typically involves a process called debt assumption or balance transfer. This can be done by contacting your creditor to see if they allow debt transfers, or by using a balance transfer credit card. Keep in mind that transferring debt does not eliminate your responsibility to repay it, and the new person will need to agree to take on the debt.
Debts owed by a business are called?
Debt held by businesses is called Business debt
What is the average personal debt per person?
The average personal debt per person in the US is around $52,000 per person. While this is high, the debt has fallen since the peak in 2008.
The amount of credit-card debt a person has?
The amount of credit card debt a person has may hurt them from receiving credit when they apply for loans. It is called debt to income ratio.
If you owe money to a person what is your economic condition called?
Debt.
Is it possible for you to transfer debt to another person?
Yes, it is possible to transfer debt to another person through a process called debt assignment or debt assumption. This typically involves the original debtor and the new debtor agreeing to the transfer of the debt responsibility.
What do you call the person you owe a debt to?
The person you owe a debt to is called a "creditor." This term refers to an individual or institution that extends credit or lends money, expecting repayment. In contrast, the person who owes the debt is known as the "debtor."
How can I transfer my debt to another person?
Transferring your debt to another person typically involves a process called debt assumption or balance transfer. This can be done by contacting your creditor to see if they allow debt transfers, or by using a balance transfer credit card. Keep in mind that transferring debt does not eliminate your responsibility to repay it, and the new person will need to agree to take on the debt.
When a person is relieved of ever having to pay back debt as a result of bankruptcy is called?
a happy person. :)
Who can help a person with a bad credit?
Someone who helps a person with bad credit is called a debt counselor or debt consolidator. Many finical agencies such as banks and credit unions offer consultations with these professionals.
What is it called when a person or country owes money?
When a person or country owes money, it is referred to as being in "debt." Debt represents the obligation to repay borrowed funds, which can arise from loans, credit, or other financial agreements. In the context of countries, this is often termed "national debt" or "sovereign debt." Managing debt is crucial for both individuals and nations to maintain financial stability.
How does Debt Free Direct help people get out of debt?
Debt Free Direct can help a person get out of debt by analyzing a person's current financial situation and advise them on how to go about resolving their debt. Debt Free Direct has experts ready to recommend how you can eliminate your debt.
Debts owed by a business are called?
Debt held by businesses is called Business debt
What is the average personal debt per person?
The average personal debt per person in the US is around $52,000 per person. While this is high, the debt has fallen since the peak in 2008.
Can a person forgive a debt to another person legally?
If you are the one whose debt is being forgiven, it would be wise on your part to get a notarized document signed by the person forgiving the debt. This will be a proof in your part if anyone in the forgiver's family decides to collect on the debt.
