Most of us have experienced being behind on bills and worried about having enough money in our accounts to cover them all. We may also know folks who have succeeded in achieving their goals “I’m debt-free,” they say, and you wonder how they accomplished it. Is it realistic? It sounds amazing, but is it? Before …
Student debt has a long-term effect on borrowers, increasing loan burdens, reducing credit ratings, and ultimately limiting their purchasing power. Because student debt affects young people disproportionately, they will be less able to engage in — and contribute to — the economy in the long run. “What you want is a broad range of investing …
Credit card debt may be a nuisance for millions of Americans, but it is an advantage for credit card firms. They can sell it just like any other asset they own if they want to. In the first quarter of 2017, Barclaycard sold $1.6 billion in credit-card debt to Credit Shop Inc, a privately held …
For example, if you are an eligible student, the Australian government will cover your education fees under the HECS-HELP scheme. The loan is paid directly to your educational institution by the Australian government. When your income exceeds a particular level ($46,620 for the 2020-21 financial year), loan repayments are made through the Australian tax system. …
A debt collector may have obtained your phone number from a neighbor, acquaintance, family member, employer, spouse, ex-spouse, or someone else who knows you. To obtain phone numbers and other contact information for persons who owe money, debt collectors utilize a method known as “skip tracing.” Can a debt collector contact my friends? Dodging a …
How Do Debt Collectors Get Friends Phone Numbers? Read More »
Debt collectors can get your phone number if you call them first, thanks to caller ID. Let’s say you receive a letter in the mail and call to inquire about the debt from your mobile. They save the phone number you called from with your account information once you provide them your name or reference …
Debt collectors can get your phone number if you call them first, thanks to caller ID. Let’s say you receive a letter in the mail and call to inquire about the debt from your mobile. They save the phone number you called from with your account information once you provide them your name or reference …
How Do Debt Collectors Get Your Cell Phone Number? Read More »
Debt collectors in the United Kingdom can contact you for payments and, if you ignore them, take you to court, but they can’t harass you, enter or take items from your home, contact you at work, send you to prison, or force you to pay a debt without proof of your original credit agreement. How …
A debt-to-assets ratio is a sort of leverage ratio that compares a company’s total assets to its debt obligations (including short- and long-term debt). The following formula is used to compute it: A company with a debt-to-assets ratio greater than one has more debt than assets. The business has more assets than debt if the …
Debt collectors are also prohibited from engaging in fraudulent, deceptive, or misleading practices, according to the FDCPA. This involves deceptions concerning the debt, such as the following: Keep a file of all letters or papers sent to you by a debt collector, as well as copies of everything you send to a debt collector. Also, …
How Do I File A Complaint Against A Debt Collector? Read More »
