What debt reduction /consolidation agency that will give high discount to help pay off credit card debts?
Q. I need help with paying off my credit card debts. There are so many debt reduction /consolidation agencies that I don't know which one is good/authentic and will give the best rate (discount). For those who had gone through this experience, please advise. Thanks.
Asked by hayati k - Sun May 3 07:46:52 2009 - - 6 Answers - 0 Comments
A. I wouldn't use any of them they are rip off artists. They take your money and do nothing, been there done that. Go to Consumer Counseling, in every city or county, it is free, non profit and they don't charge but they will contact all the places you owe money to and get you with lower payments and great ways of getting out of debt !! They are well known by all companies and acknowledge Consumer Credit Counseling as serious and good to work with .
Answered by silly willy - Sun May 3 07:51:25 2009
Q. I need help with paying off my credit card debts. There are so many debt reduction /consolidation agencies that I don't know which one is good/authentic and will give the best rate (discount). For those who had gone through this experience, please advise. Thanks.
Asked by hayati k - Sun May 3 07:46:52 2009 - - 6 Answers - 0 Comments
A. I wouldn't use any of them they are rip off artists. They take your money and do nothing, been there done that. Go to Consumer Counseling, in every city or county, it is free, non profit and they don't charge but they will contact all the places you owe money to and get you with lower payments and great ways of getting out of debt !! They are well known by all companies and acknowledge Consumer Credit Counseling as serious and good to work with .
Answered by silly willy - Sun May 3 07:51:25 2009
How much debt is allowed to enlist in the air force?
Q. I was wondering what the debt limit is on enlisting in the air force. I know that they can deny someone for too much debt. So what is the max debt allowed?
Asked by H - Fri Jan 8 13:11:02 2010 - - 1 Answers - 0 Comments
A. Air Force uses the "40 percent rule." Any recruit who's monthly consumer debts (not counting debts which can be deferred, such as student loans) exceeds 40 percent of his/her anticipated military pay is ineligible for enlistment
Answered by lconnor65 - Fri Jan 8 13:16:30 2010
Q. I was wondering what the debt limit is on enlisting in the air force. I know that they can deny someone for too much debt. So what is the max debt allowed?
Asked by H - Fri Jan 8 13:11:02 2010 - - 1 Answers - 0 Comments
A. Air Force uses the "40 percent rule." Any recruit who's monthly consumer debts (not counting debts which can be deferred, such as student loans) exceeds 40 percent of his/her anticipated military pay is ineligible for enlistment
Answered by lconnor65 - Fri Jan 8 13:16:30 2010
How do you settle debt with credit card companies?
Q. I've got some debt that's currently in collections. And I got to talking to one of the debt collectors and he revealed that the average company is willing to settle for about 75% of the debt owed. But since they're basically screwing you with outragous interest that never allows you to really pay off the principal debt, are they willing to settle for even less. What are some useful tricks when dealing with these parasites?
Asked by tim - Wed Sep 10 21:57:04 2008 - - 3 Answers - 4 Comments
A. Do not talk with debt collectors over the phone. No mather how smart you think you are, they are trained to get the best of you. Instead send them a letter stating that the cannot contact you by phone anymore. Any contact has to be by US mail to an address that you specify. Send letter by certified mail and keep copies for your records. Never reveal any personal information to a debt collector. They will use it against you. Don't appear desperate, just play the waiting game with them. Remember, that you have the power, you have the money, and they are the ones who want to get their hands on it. If they come up with a settlement that seems fair to you, include a "pay for delete" agreement. Don't pay them a dime before they agree to delete… [cont.]
Answered by infiniti - Wed Sep 10 23:08:53 2008
Q. I've got some debt that's currently in collections. And I got to talking to one of the debt collectors and he revealed that the average company is willing to settle for about 75% of the debt owed. But since they're basically screwing you with outragous interest that never allows you to really pay off the principal debt, are they willing to settle for even less. What are some useful tricks when dealing with these parasites?
Asked by tim - Wed Sep 10 21:57:04 2008 - - 3 Answers - 4 Comments
A. Do not talk with debt collectors over the phone. No mather how smart you think you are, they are trained to get the best of you. Instead send them a letter stating that the cannot contact you by phone anymore. Any contact has to be by US mail to an address that you specify. Send letter by certified mail and keep copies for your records. Never reveal any personal information to a debt collector. They will use it against you. Don't appear desperate, just play the waiting game with them. Remember, that you have the power, you have the money, and they are the ones who want to get their hands on it. If they come up with a settlement that seems fair to you, include a "pay for delete" agreement. Don't pay them a dime before they agree to delete… [cont.]
Answered by infiniti - Wed Sep 10 23:08:53 2008
What is the most debt you have eliminated in a year?
Q. I need some motivation people! I want to commit to reducing my credit card debt this year; but, it seems a bit overwhelming. Please share stories of how you reduced your debt. Maybe that can psych me up to keep sacrificing and paying off these debts. Thanks!
Asked by TwinkaTee - Wed Jan 16 17:48:53 2008 - - 5 Answers - 1 Comments
A. YOU can do it. I decided that I would not go out to eat lunch every day while at work On the days that I needed to go out to eat if I could find a wendy's I could get a side salad and a bowl of chili (with plenty of FREE crackers) and a cup of water for about $2.10. I was amazed at how much I saved by just cutting out the 'canteen' while at work. If I needed a soda, I brought it from home... I paid my niece (age 7) to be the 'light police' ! I went to the store and got a few rolls of dimes...everytime she would catch someone leaving a room without turning off a light she would get paid...she loved doing it and since it was so annoying my son got way better about doing it. The biggest way that I saved money was taking a list to the store.. [cont.]
Answered by lisa s - Thu Jan 17 01:48:59 2008
Q. I need some motivation people! I want to commit to reducing my credit card debt this year; but, it seems a bit overwhelming. Please share stories of how you reduced your debt. Maybe that can psych me up to keep sacrificing and paying off these debts. Thanks!
Asked by TwinkaTee - Wed Jan 16 17:48:53 2008 - - 5 Answers - 1 Comments
A. YOU can do it. I decided that I would not go out to eat lunch every day while at work On the days that I needed to go out to eat if I could find a wendy's I could get a side salad and a bowl of chili (with plenty of FREE crackers) and a cup of water for about $2.10. I was amazed at how much I saved by just cutting out the 'canteen' while at work. If I needed a soda, I brought it from home... I paid my niece (age 7) to be the 'light police' ! I went to the store and got a few rolls of dimes...everytime she would catch someone leaving a room without turning off a light she would get paid...she loved doing it and since it was so annoying my son got way better about doing it. The biggest way that I saved money was taking a list to the store.. [cont.]
Answered by lisa s - Thu Jan 17 01:48:59 2008
How much debt is too much when you want to apply for a home loan?
Q. I would like to apply for a home loan, but I have some credit card debt. I have good credit - never missed a payment, never been late, etc. I just don't know if having credit card debt will cause me to be declined.
Asked by cdp224 - Sun Feb 22 18:52:39 2009 - - 2 Answers - 0 Comments
A. The bank will add in your credit card dept along with any other loans or debts and will assess it against your income and the amount of your home loan will be estimated taking into account your ability to pay. A bank will usually take the total amount of your credit card limit as your debt, not how much you've used of it. So, if you have a card limit of $30,000 but have only used up $1000 of it the bank will see it that your debt is $30,000, not the $1000. That's the downside. Banks won't usually decline you for a home loan just because you have a c/card. They work on your ability to pay your loan. If possible, try and pay off your card and destroy it! Have a debit card instead, then you only have access to money that you have, not money… [cont.]
Answered by Fred Bear - Sun Feb 22 19:06:58 2009
Q. I would like to apply for a home loan, but I have some credit card debt. I have good credit - never missed a payment, never been late, etc. I just don't know if having credit card debt will cause me to be declined.
Asked by cdp224 - Sun Feb 22 18:52:39 2009 - - 2 Answers - 0 Comments
A. The bank will add in your credit card dept along with any other loans or debts and will assess it against your income and the amount of your home loan will be estimated taking into account your ability to pay. A bank will usually take the total amount of your credit card limit as your debt, not how much you've used of it. So, if you have a card limit of $30,000 but have only used up $1000 of it the bank will see it that your debt is $30,000, not the $1000. That's the downside. Banks won't usually decline you for a home loan just because you have a c/card. They work on your ability to pay your loan. If possible, try and pay off your card and destroy it! Have a debit card instead, then you only have access to money that you have, not money… [cont.]
Answered by Fred Bear - Sun Feb 22 19:06:58 2009
What happens when someone pays his debt in a fractional-reserve banking system?
Q. What happens when someone pays his debt in a fractional-reserve banking system? Is only his past debt subtracted from the reserve or also all subsequent debts that was loaned to other people with his initial debt? For instance, a person A borrows 100$ then it becomes part of the reserve, then a person B can borrows from his deposit 80$, then a person C 64$, given a reserve requirement of 10% for banks.
Asked by George B - Wed Dec 31 17:45:41 2008 - - 1 Answers - 0 Comments
A. I think you have it backwards. When person A borrows $100, it does not become part of the reserve. But I understand your real question. Say the bank gets a deposit of $100. The reserve requirement says that for each $100 it has in deposits, it can issue X dollars in loans. So a $100 deposit increases its ability to make loans by $X. Now suppose it has already loaned out all that it is allowed to. If a borrower repays the loan, the bank has less outstanding than it is allowed to, and so can loan that money out again. Now suppose a depositor wants his money back. Now the bank has less money and so it is not allowed to loan out as much. If it has actually loaned to its limit, it is in trouble and either has to call in some loans or get… [cont.]
Answered by simplicitus - Thu Jan 1 21:30:43 2009
Q. What happens when someone pays his debt in a fractional-reserve banking system? Is only his past debt subtracted from the reserve or also all subsequent debts that was loaned to other people with his initial debt? For instance, a person A borrows 100$ then it becomes part of the reserve, then a person B can borrows from his deposit 80$, then a person C 64$, given a reserve requirement of 10% for banks.
Asked by George B - Wed Dec 31 17:45:41 2008 - - 1 Answers - 0 Comments
A. I think you have it backwards. When person A borrows $100, it does not become part of the reserve. But I understand your real question. Say the bank gets a deposit of $100. The reserve requirement says that for each $100 it has in deposits, it can issue X dollars in loans. So a $100 deposit increases its ability to make loans by $X. Now suppose it has already loaned out all that it is allowed to. If a borrower repays the loan, the bank has less outstanding than it is allowed to, and so can loan that money out again. Now suppose a depositor wants his money back. Now the bank has less money and so it is not allowed to loan out as much. If it has actually loaned to its limit, it is in trouble and either has to call in some loans or get… [cont.]
Answered by simplicitus - Thu Jan 1 21:30:43 2009
Can a debt continue to accrue interest after it has been sent to a collection agency?
Q. I have a debt with a bank that went into default and is now with a collection agency. I've been told that the debt is continuing to accrue interest. Is this possible?
Asked by mstatl - Fri Apr 18 19:54:07 2008 - - 5 Answers - 0 Comments
A. Yes, a collection agency legally can add interest and fees on top of your balance owed. Although, most of this is just the collection agency trying to make extra money. When your debt gets over six months old, the original creditor gives up on collecting the debt and sells it to a collection agency for pennies on the dollar. Whatever the collection agencies collect over 10 percent of the original balance is pure profit for them. It is usually possible to offer a collection agency a lump sum payment that is much less than the original balance owed. Or better yet, if you don't pay them at all and can avoid being sued until the statute of limitations in your state has past, you're home free!
Answered by John G - Tue Apr 22 03:31:04 2008
Q. I have a debt with a bank that went into default and is now with a collection agency. I've been told that the debt is continuing to accrue interest. Is this possible?
Asked by mstatl - Fri Apr 18 19:54:07 2008 - - 5 Answers - 0 Comments
A. Yes, a collection agency legally can add interest and fees on top of your balance owed. Although, most of this is just the collection agency trying to make extra money. When your debt gets over six months old, the original creditor gives up on collecting the debt and sells it to a collection agency for pennies on the dollar. Whatever the collection agencies collect over 10 percent of the original balance is pure profit for them. It is usually possible to offer a collection agency a lump sum payment that is much less than the original balance owed. Or better yet, if you don't pay them at all and can avoid being sued until the statute of limitations in your state has past, you're home free!
Answered by John G - Tue Apr 22 03:31:04 2008
What is the total budgeted federal debt of the United States government?
Q. I need to know what the total budgeted federal debt it. I have found the actual federal debt, but not the budgeted federal debt. Need help ASAP! Thanks!
Asked by Autumn - Wed Aug 26 14:42:22 2009 - - 2 Answers - 0 Comments
A. Debt is not budgeted. Debt service is budgeted. For example, anticipated interest payments, amortization of bond principle, fees, etc. Good question! Should be included in the budget list. Think tax rates will need to rise? I think so!
Answered by Ecks Dreeme - Wed Aug 26 14:49:13 2009
Q. I need to know what the total budgeted federal debt it. I have found the actual federal debt, but not the budgeted federal debt. Need help ASAP! Thanks!
Asked by Autumn - Wed Aug 26 14:42:22 2009 - - 2 Answers - 0 Comments
A. Debt is not budgeted. Debt service is budgeted. For example, anticipated interest payments, amortization of bond principle, fees, etc. Good question! Should be included in the budget list. Think tax rates will need to rise? I think so!
Answered by Ecks Dreeme - Wed Aug 26 14:49:13 2009
How can a debt collector use different cell phone numbers to call you?
Q. I have a debt collector that keeps calling me and using different local cell phone numbers. Even though I keep telling them that the debt is paid off and I have my cancelled check that I keep faxing to them over and over and over again, they won't stop calling me. How is it that they can use other people's cell phone numbers? And is there a chance they use mine to call people?
Asked by jediaxo - Thu Apr 30 08:30:28 2009 - - 5 Answers - 0 Comments
A. Pre paid cell phones. There is also a program that was recently created where users can have their number appear as alternative phone number of their choice.
Answered by 17 Year Old Blogger - Sat May 2 02:40:15 2009
Q. I have a debt collector that keeps calling me and using different local cell phone numbers. Even though I keep telling them that the debt is paid off and I have my cancelled check that I keep faxing to them over and over and over again, they won't stop calling me. How is it that they can use other people's cell phone numbers? And is there a chance they use mine to call people?
Asked by jediaxo - Thu Apr 30 08:30:28 2009 - - 5 Answers - 0 Comments
A. Pre paid cell phones. There is also a program that was recently created where users can have their number appear as alternative phone number of their choice.
Answered by 17 Year Old Blogger - Sat May 2 02:40:15 2009
What is the best way to settle credit card debt?
Q. I am in search of a company or method that will allow me to settle or consolidate my credit card debt. I have researched some companys but I am not sure what is real or a scam. Fidelity debt solutions is one of them. Has anyone had any luck with any of the debt consolidation programs or debt settling programs? Let me know. I need help.
Asked by adams - Mon Oct 20 23:09:55 2008 - - 6 Answers - 1 Comments
A. Try calling the credit card companies especially if u are 90 days late on the payments. Ask them if they will take 'payment in kind'. This means if u owe 2000 they may take 1200 cash. If they agree tell them to send u the paperwork which should state they will not report you to any of the credit bureaus. Then send them the agreed upon amount via certified mail. If they wont do that ask them to lower your interest rate. Most will do that.
Answered by corp_752000 - Tue Oct 21 00:00:28 2008
Q. I am in search of a company or method that will allow me to settle or consolidate my credit card debt. I have researched some companys but I am not sure what is real or a scam. Fidelity debt solutions is one of them. Has anyone had any luck with any of the debt consolidation programs or debt settling programs? Let me know. I need help.
Asked by adams - Mon Oct 20 23:09:55 2008 - - 6 Answers - 1 Comments
A. Try calling the credit card companies especially if u are 90 days late on the payments. Ask them if they will take 'payment in kind'. This means if u owe 2000 they may take 1200 cash. If they agree tell them to send u the paperwork which should state they will not report you to any of the credit bureaus. Then send them the agreed upon amount via certified mail. If they wont do that ask them to lower your interest rate. Most will do that.
Answered by corp_752000 - Tue Oct 21 00:00:28 2008
How long can a debtor chase a debt is there a statute of limitations?
Q. A bill that was disputed and the company agreed to right off is now after four years of hearing nothing being chased and we are being threatened with it being passed to a debt company. We recently updated our account which we have had since the dispute and I think this old debt has suddenly appeared through that. Can they chase a debt which they have not chased in four years
Asked by Cheryl B - Mon Sep 21 16:35:17 2009 - - 7 Answers - 0 Comments
A. Forever. After 4 years it should already be in collections. Oh - yeah.
Answered by TruthB - Wed Sep 23 07:22:58 2009
Q. A bill that was disputed and the company agreed to right off is now after four years of hearing nothing being chased and we are being threatened with it being passed to a debt company. We recently updated our account which we have had since the dispute and I think this old debt has suddenly appeared through that. Can they chase a debt which they have not chased in four years
Asked by Cheryl B - Mon Sep 21 16:35:17 2009 - - 7 Answers - 0 Comments
A. Forever. After 4 years it should already be in collections. Oh - yeah.
Answered by TruthB - Wed Sep 23 07:22:58 2009
What happens to the debt in an acquisition?
Q. When company A pays a 15% premium to acquire the stock of company B, what happens to the debt of commpany B? Does company A absorbed the debt, pay it off? Is company B responsible for paying it off?
Asked by jf3 - Fri Dec 22 09:56:10 2006 - - 7 Answers - 0 Comments
A. Unless otherwise specified in a contract, Company A bought the debt, too.
Answered by Steve H - Fri Dec 22 09:59:04 2006
Q. When company A pays a 15% premium to acquire the stock of company B, what happens to the debt of commpany B? Does company A absorbed the debt, pay it off? Is company B responsible for paying it off?
Asked by jf3 - Fri Dec 22 09:56:10 2006 - - 7 Answers - 0 Comments
A. Unless otherwise specified in a contract, Company A bought the debt, too.
Answered by Steve H - Fri Dec 22 09:59:04 2006
What is sole benefit of property and debt in a divorce?
Q. I live in Minnesota going through a dissolution of marraige. My understanding is marital property and debt is divided 50/50. Each party keeps all property and debt prior to the marraige. I believe like a car is considered sole property when that person is the only one who uses it. I believe the debt still will need to be paid to me even though it is consolidated in other loans.
Asked by Daniel S - Thu Apr 16 22:00:04 2009 - - 2 Answers - 0 Comments
A. Is Minnesota a community property state? if so, what matters is when the assets and liabilities were acquired. If acquired during the marriage then it is 50/50... if you and your wife are somewhat reasonable the separation of property can be pretty simple.
Answered by Tommy T - Thu Apr 16 22:09:05 2009
Q. I live in Minnesota going through a dissolution of marraige. My understanding is marital property and debt is divided 50/50. Each party keeps all property and debt prior to the marraige. I believe like a car is considered sole property when that person is the only one who uses it. I believe the debt still will need to be paid to me even though it is consolidated in other loans.
Asked by Daniel S - Thu Apr 16 22:00:04 2009 - - 2 Answers - 0 Comments
A. Is Minnesota a community property state? if so, what matters is when the assets and liabilities were acquired. If acquired during the marriage then it is 50/50... if you and your wife are somewhat reasonable the separation of property can be pretty simple.
Answered by Tommy T - Thu Apr 16 22:09:05 2009
What does debt relief companies do for you?
Q. How do they proper? Is what they do legal and does it really stop collection calls? What if a person is already in a payment program where they have access to your checking account and you turn your debts over to a debt relief company? What is the procedures. Is using a debt relief really worth it to get out of debt?
Asked by justapiece44 - Sat Oct 25 06:19:21 2008 - - 5 Answers - 0 Comments
A. It depends. Many debt relief companies out there are scam. Even the non profit one. The one I recommend is , they are the best in the industry. This year alone they settled $200million in debt and last May they received Ernst & Young awards for their accomplishment.
Answered by Jason - Mon Oct 27 06:32:40 2008
Q. How do they proper? Is what they do legal and does it really stop collection calls? What if a person is already in a payment program where they have access to your checking account and you turn your debts over to a debt relief company? What is the procedures. Is using a debt relief really worth it to get out of debt?
Asked by justapiece44 - Sat Oct 25 06:19:21 2008 - - 5 Answers - 0 Comments
A. It depends. Many debt relief companies out there are scam. Even the non profit one. The one I recommend is , they are the best in the industry. This year alone they settled $200million in debt and last May they received Ernst & Young awards for their accomplishment.
Answered by Jason - Mon Oct 27 06:32:40 2008
Does anyone know if Debt Elimination programs really work without bankruptcy?
Q. I filled out an online application for information about getting rid of debt, and I've heard that you can legally eliminate your debt?? I've know that Settlement is a good option, but not sure about Elimination. Anyone know?
Asked by Lisa J - Tue Feb 12 16:04:22 2008 - - 7 Answers - 0 Comments
A. Many companies around are scams, so be careful. Here is a good site. www.SettleDebtForever.com . I eliminated $8,000 in debt 2 years ago. They also help with credit repair. My credit score was bad for about a year, but then it shot up pretty far in just about 30 days after I started the repair. Right now, it's 803. Just make sure you know what you're signing up for. I was happy with this company, but I was ready for what could possibly be at stake having low credit for awhile, but as long as you don't want to buy a house or car for 12 months, then it's usually ok. And with www.settledebtforever.com , you can choose either complete elimination or settlement, if you're not comfortable with one or the other. Just remember to… [cont.]
Answered by Jason M - Tue Feb 12 19:23:33 2008
Q. I filled out an online application for information about getting rid of debt, and I've heard that you can legally eliminate your debt?? I've know that Settlement is a good option, but not sure about Elimination. Anyone know?
Asked by Lisa J - Tue Feb 12 16:04:22 2008 - - 7 Answers - 0 Comments
A. Many companies around are scams, so be careful. Here is a good site. www.SettleDebtForever.com . I eliminated $8,000 in debt 2 years ago. They also help with credit repair. My credit score was bad for about a year, but then it shot up pretty far in just about 30 days after I started the repair. Right now, it's 803. Just make sure you know what you're signing up for. I was happy with this company, but I was ready for what could possibly be at stake having low credit for awhile, but as long as you don't want to buy a house or car for 12 months, then it's usually ok. And with www.settledebtforever.com , you can choose either complete elimination or settlement, if you're not comfortable with one or the other. Just remember to… [cont.]
Answered by Jason M - Tue Feb 12 19:23:33 2008
Tyrannosaurus Debt. How many people realize the money for the economic stimulus does not exist?
Q. There is no real money to fund this. It will have to be borrowed. More debt. How can more debt fix debt?
Asked by Thundercat - Mon Feb 2 16:40:19 2009 - - 8 Answers - 0 Comments
A. It's called a Ponzi scheme. It worked for Bernie Madoff for years. Now the "pros" can try it. Tax, borrow or print money - you and I both end up paying in the end.
Answered by Agent Smith - Mon Feb 2 16:45:55 2009
Q. There is no real money to fund this. It will have to be borrowed. More debt. How can more debt fix debt?
Asked by Thundercat - Mon Feb 2 16:40:19 2009 - - 8 Answers - 0 Comments
A. It's called a Ponzi scheme. It worked for Bernie Madoff for years. Now the "pros" can try it. Tax, borrow or print money - you and I both end up paying in the end.
Answered by Agent Smith - Mon Feb 2 16:45:55 2009
How is China buying our debt if they are one of the poorest countries on earth?
Q. China is supposedly buying more than 1 trillion of our current debt. I am aware that we have a trade deficit but it is no where near that amount. So how are they buying our debt? Or are they?
Asked by pearbear - Fri Nov 6 01:25:38 2009 - - 6 Answers - 1 Comments
A. You are confusing individual wealth with current savings behavior. Even a poor cleaning woman can add to her modest savings bit by bit each month if she restrains her spending. It is true that, although China's rate of economic growth has been high for two decades, the income per person is still moderate. But individual Chinese citizens and companies save much of the money they earn. They restrain their purchasing and save. After the trauma of civil wars in the 1920's, the Japanese invasion in the 1930's, the communist revolution the 1940's, the "great leap forward" that led to mass starvation in the 1950's, and the Cultural Revolution and "witch trials" of the 1960's, all Chinese know that anything can happen and some it can be bad. [cont.]
Answered by Eric Rasmussen - Fri Nov 6 02:46:07 2009
Q. China is supposedly buying more than 1 trillion of our current debt. I am aware that we have a trade deficit but it is no where near that amount. So how are they buying our debt? Or are they?
Asked by pearbear - Fri Nov 6 01:25:38 2009 - - 6 Answers - 1 Comments
A. You are confusing individual wealth with current savings behavior. Even a poor cleaning woman can add to her modest savings bit by bit each month if she restrains her spending. It is true that, although China's rate of economic growth has been high for two decades, the income per person is still moderate. But individual Chinese citizens and companies save much of the money they earn. They restrain their purchasing and save. After the trauma of civil wars in the 1920's, the Japanese invasion in the 1930's, the communist revolution the 1940's, the "great leap forward" that led to mass starvation in the 1950's, and the Cultural Revolution and "witch trials" of the 1960's, all Chinese know that anything can happen and some it can be bad. [cont.]
Answered by Eric Rasmussen - Fri Nov 6 02:46:07 2009
How much of the national debt was carried over from the Bush Amdinistration?
Q. Bush took office 9 years ago with a financial surplus left by Clinton. In the eight years Bush was president our national debt went up almost three times what is was when he took office. The Obama administration is now showing the greatest national debt in our history. That debt includes a great amount of debt left by Bush - anyone have any idea where a person can find out what the national debt was on 1 January 2009?
Asked by bdozen13 - Wed Dec 16 18:58:55 2009 - - 9 Answers - 0 Comments
A. All of it. "Reagan proved deficits don't matter," Vice President Cheney said in 2002 when pushing for a fresh round of tax cuts. With this attitude in hand, Bush passed on a budgetary nightmare to his successor. Bush came into office with an advantage few presidents have enjoyed -- a $230 billion surplus. But due to a $1.35 trillion tax cut in 2001, a $1.5 trillion tax cut in 2003, and a massive defense buildup through the Iraq and Afghanistan wars, Bush quickly blew through that surplus. The next president will "inherit a fiscal meltdown," Senate Budget Committee Chairman Kent Conrad (D-ND) warned in February 2008, as the Bush administration projected a budget deficit of $400 billion. After the financial crisis emerged last fall and the… [cont.]
Answered by Felonius Monkey - Wed Dec 16 19:01:55 2009
Q. Bush took office 9 years ago with a financial surplus left by Clinton. In the eight years Bush was president our national debt went up almost three times what is was when he took office. The Obama administration is now showing the greatest national debt in our history. That debt includes a great amount of debt left by Bush - anyone have any idea where a person can find out what the national debt was on 1 January 2009?
Asked by bdozen13 - Wed Dec 16 18:58:55 2009 - - 9 Answers - 0 Comments
A. All of it. "Reagan proved deficits don't matter," Vice President Cheney said in 2002 when pushing for a fresh round of tax cuts. With this attitude in hand, Bush passed on a budgetary nightmare to his successor. Bush came into office with an advantage few presidents have enjoyed -- a $230 billion surplus. But due to a $1.35 trillion tax cut in 2001, a $1.5 trillion tax cut in 2003, and a massive defense buildup through the Iraq and Afghanistan wars, Bush quickly blew through that surplus. The next president will "inherit a fiscal meltdown," Senate Budget Committee Chairman Kent Conrad (D-ND) warned in February 2008, as the Bush administration projected a budget deficit of $400 billion. After the financial crisis emerged last fall and the… [cont.]
Answered by Felonius Monkey - Wed Dec 16 19:01:55 2009
How much debt would it take for you personally make the decision to file bankruptcy?
Q. I know bankruptcy should be a last resort but some people have different personal limits. I would like to know your personal answer. What's the least amount of debt it would take for you to make the decision to file bankruptcy? And what is your annual income if you don't mind?
Asked by dee b - Tue Oct 2 19:18:14 2007 - - 9 Answers - 0 Comments
A. Our lawyer said $20,000. But it varies with different lawyers!! Think about it very carefully its a life changing decision! BTW my annual income is $45,000.
Answered by V - Tue Oct 2 19:21:30 2007
Q. I know bankruptcy should be a last resort but some people have different personal limits. I would like to know your personal answer. What's the least amount of debt it would take for you to make the decision to file bankruptcy? And what is your annual income if you don't mind?
Asked by dee b - Tue Oct 2 19:18:14 2007 - - 9 Answers - 0 Comments
A. Our lawyer said $20,000. But it varies with different lawyers!! Think about it very carefully its a life changing decision! BTW my annual income is $45,000.
Answered by V - Tue Oct 2 19:21:30 2007
Is financial analysis and consolidating debt really worth it?
Q. My boyfriend and I just had a financial analysis done but haven't gotten the results on our options yet. Is it really worth it to go through with this? Has anyone had experience on it? I mean we have debt but not so much we can't handle. On the other hand we are both mid-twenties and have no retirement savings started and we are not able to put much, if any, in our savings accounts. We will have the option to consolidate debt, start retirement accounts, have money to put in savings, and get better life insurance. Is this just a ploy for the financial company to prey on young people or is this real? Please help!
Asked by AliyahMichelle - Tue Sep 25 19:22:14 2007 - - 4 Answers - 0 Comments
A. Honestly, debt consolidation does not get rid of your debt - it just moves it around. If you have to pay these people to do this, don't. You can do this on your own. There is a great (and free!) plan to get out of debt, save for retirement, grow savings and retire a millionaire (it's just a matter of taking charge of your money and putting yourself on a budget). (like the guy before me who said it helped him - several times...well apparently he didn't get it right the first time if he needed to do it several times). www.daveramsey.com Dave Ramsey has helped thousands of families get out of debt and give them financial peace using a very logical and simple method. Good luck!
Answered by Angelstar_BC - Tue Sep 25 20:15:31 2007
Q. My boyfriend and I just had a financial analysis done but haven't gotten the results on our options yet. Is it really worth it to go through with this? Has anyone had experience on it? I mean we have debt but not so much we can't handle. On the other hand we are both mid-twenties and have no retirement savings started and we are not able to put much, if any, in our savings accounts. We will have the option to consolidate debt, start retirement accounts, have money to put in savings, and get better life insurance. Is this just a ploy for the financial company to prey on young people or is this real? Please help!
Asked by AliyahMichelle - Tue Sep 25 19:22:14 2007 - - 4 Answers - 0 Comments
A. Honestly, debt consolidation does not get rid of your debt - it just moves it around. If you have to pay these people to do this, don't. You can do this on your own. There is a great (and free!) plan to get out of debt, save for retirement, grow savings and retire a millionaire (it's just a matter of taking charge of your money and putting yourself on a budget). (like the guy before me who said it helped him - several times...well apparently he didn't get it right the first time if he needed to do it several times). www.daveramsey.com Dave Ramsey has helped thousands of families get out of debt and give them financial peace using a very logical and simple method. Good luck!
Answered by Angelstar_BC - Tue Sep 25 20:15:31 2007
From Yahoo Answer Search: 'Debt'
Mon Mar 1 14:58:11 2010 [ refresh local cache ]
[Hide]▼
news.google.com
MarketWatch (press release)
To fund American Water's ongoing capital program, repay short-term debt from the prior year, and return value to its shareholders through a dividend, ...
and more »
newsnet5.com
192px x 173px | 186.50kB
[source page]
debt test Consumer Credit Counseling can help by assessing your debts and mapping out a plan for your financial freedom You can reach counselors at 800 421 2507 Stay Out Of Debt Tips http www newsnet5 com Images Screengrabs debt jpg http www newsnet5 com Images Screengrabs debt jpg
alleyesonabama.blogspot.com
MAG
Sun, 28 Feb 2010 19:08:00 GM
With uncharacteristic bluntness, Federal Reserve Chairman Ben S. Bernanke warned Congress on Wednesday that the United States could soon face a . debt. crisis like the one in Greece, and declared that the central bank will not help ...
[Hide]▲
