Archive for the 'Debt FAQ' Category

Wednesday, June 23rd, 2010

debt?

OOH LALA asked: i am in like over $30,000 debt. is there anyway i could make money with out really budgeting? keep in mind that i own a store, so i have to buy items for it everyweek.
oh yeah. and theres a baby in my family too. and ive previously owned another store.

Wednesday, June 23rd, 2010

Debt ?

mohamedzahir1976 asked: IM looking for a good company that can help me out with my debts. I have over £10000 worth of debt to different things like credit cards and unsecured loans. Does anyone know of a company that could help me out with either a loan or a debt management.

Wednesday, June 23rd, 2010

How to claim debt which is linked to a property from executors who have not issued their probate?

Wazy asked: If there is a debt on a property owned by a person who is now deceased, how can the debt be collected if the executers do not issue their probate?
The executers have been asked to pay the debt however because they are not issuing their probate I cannot claim the money [...]

Wednesday, June 23rd, 2010

How was debt and debt remission used by incoming kings to consolidate their power?

dnzndams425 asked: How was debt and debt remission used by incoming kings to consolidate their power? Why was this practice so important? What kinds of things do politicians promise today analogous to the practices of old? What is the 21st century “debt remission?”

Wednesday, June 23rd, 2010

How to confirm if you have a legitmate debt when debt collectors are sending letters?

Where’s my scooby snack? asked: How to check to see if the debt is really legit? I know there’s a statute of limitations of 7 years that prevents debt collectors from contacting you but what happens to the debt after that time frame?
Also, if you get a letter from a debt collection agency stating you [...]

Wednesday, June 23rd, 2010

How much debt is allowed to enlist in the air force?

H asked: 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?

Wednesday, June 23rd, 2010

How do you settle debt with credit card companies?

tim asked: 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 [...]

Wednesday, June 23rd, 2010

How old does a debt have to be, before you are no longer legally bound to pay it?

S L asked: I remember hearing once that a debt after a certain amount of years, is moot. Does it depend on the state where the debt occurred or you current state of residence?
I heard that collection agencies that specialize in buying old debts, to try and collect on, **** for people to know [...]

Wednesday, June 23rd, 2010

How do debt collection companies start up?

Touche asked: I’m kind of young, but feel that I would be very successful in the debt collection business. I want to change how they treat people and I really want to be my OWN company. How can I go about setting one up? Where do I find the debt? Please help!

Wednesday, June 23rd, 2010

Can a debt that has been charged off 8 years ago continue to be sold and put on your credit report?

Lisa asked: In other words, you don’t pay a credit card debt. It goes into collections, then it is charged off and reported on your credit by original creditor. Then over next 8 years it gets sold to multiple collection agencies. Can they continue to report it as bad debt especially since the statue of [...]



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