0
Technically, only until the full balance of the debt is paid down to $0. However, some debts are considered open ended, such as credit cards or other lines of credit. While you may not actually owe any money on a credit card, for example, the line of credit is open until you have formally closed it, meaning that you will have access to borrowing money when you need it.
What else can I help you with?
Current maturities of long-term debt?
Current maturities of long term debt means that portion of debt which is payable in current fiscal year.
What is the current portion of long-term debt classified?
The current portion of long-term debt is classified with the ____
Is long term debt an operating liability?
NO. But the Current maturities of long-term debt is an operating liability.
How long does a debt stay on your record?
How long before they take debt off of your report is 7 or 10 years.
Is decrease in long term debt inflow or outflow?
Decrease in long term debt is cash out flow because long term debt decrease when cash payment is done and as cash goes out it is an outflow.
How long can a debt collector chase a credit card debt?
As long as they are actively pursuing it, they can chase it until the debt is paid. There's no way to simply keep avoiding the debt, it won't just 'go away'.
For how long can an unsecured debt be pursued?
until the company writes the debt off or the person owiing the debt dies
Why is corporate long term debt riskier than government long term debt?
A significant part of the equation to evaluate risk of long-term debt is the reliability of the organization issuing that debt and the likelihood of paying back that debt. In most cases, investing in the US Government is a lower risk than investing in a corporation.
Why is corporate long-term debt riskier than US government long-term debt?
A significant part of the equation to evaluate risk of long-term debt is the reliability of the organization issuing that debt and the likelihood of paying back that debt. In most cases, investing in the US Government is a lower risk than investing in a corporation.
How much is the average cost of debt mediation?
The debt mediation process can be very short or a long drawn out process. Fees vary depending on the amount of debt and how long the process takes.
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.
What is the formula of the CPRP?
Formula to calculate CPRP: CPRP = Cost Of Rate Per 30 Minutes/ Rating Point Of That Time Band
