Archive for June, 2009

What is the difference between good debt and bad debt? And could you give me expample of each?

Monday, June 29th, 2009
steelerspride24 asked:


I just read somewhere where you can make money off your good debt. I just wanted examples of this.

Willie

How to stop telemartketing and debt companies calling my landline?

Monday, June 29th, 2009
smiling f asked:


There are a few debt companies and telemarketers call my house landline everyday. We don’t know the people that the debt companies are calling. We registered on the “national no call list” and I called them back several times and ask them to remove our numbers. But they still keep calling.

I am so frustrated. Is there punishment for this spam calls?

Edith

What persentage of debt to the military can the IRS withhold from a person ?

Monday, June 29th, 2009
peanut asked:


Is there anyway to reduce the debt(awol) that the military withholds from ia persons ncome tax yearly? Ex. A way to have it forgiven

Alicia

What is the best way to get rid of the national debt?

Monday, June 29th, 2009
sam_24 asked:


The U.S. government is in debt over $65 trillion dollars! I don’t feel like the people in DC really care as much about it as they should; they feel okay about leaving it to the next generation. If the government could get out of debt think of how much extra money they would have for other things such as education, health care, any many other things that would benefit the people. It may be a pain to get out of debt right now but the sooner we can get out of debt the more money we’ll have in the future.

Mathew

How can I get out of debt without changing my life?

Monday, June 29th, 2009
burned11 asked:


I have a full-time job, i live at home with mom and still can’t get out of debt. I don’t spend money foolishly, except for going out to the bars. So obviously I know you’ll say to stop doing that. But I would like some input on how else I can slash my debt.

Lillian

How much campaign debt is Hillary Clinton left to settle by herself and her supporters?

Sunday, June 28th, 2009
battmann asked:


It is apparent that she’s not getting any help from obama despite their dramatic presentation of helping one another including settling her debt. I’m impressed how the rookie Senator with no experience can get away with this against a Clinton.

Leo

How do you consolidate credit card debt if you do not own a home?

Saturday, June 27th, 2009
RunsWithKnife asked:


I owe about $12,000 in credit card debt and I wanted to make that my year’s goal to pay it off, but a lot of the websites I find require that you own a home, or charge a huge interest for someone to “negotiate” with your creditors to bring down interest. Does anyone know of a good resource where I can just consolidate the debt and make one reasonable payment?

Brent

How much debt must you have to be legally allowed to declare bankruptcy?

Thursday, June 25th, 2009
Healthy Environment asked:


In addition to this law question, I have some ethics questions:
How much SHOULD you have to be in debt to be legally allowed to declare bankruptcy? 0? 10k? 20k? 50k? 100k?

& why should debt for a home mortgage, business, or other be cleared during a bankruptcy, but not a studetn loan debt? shouldn’t all debts be treated the same? a debt is a debt is a debt, right?

Marvin

Do these cases of government debt and budget deficit indicate potential problems for the economy?

Wednesday, June 24th, 2009
Amy B asked:


Does the size of the government’s debt and the size of the budget deficit indicate potential problems for the economy in any of these cases?

1. The government’s debt is relatively low, but the government is running a large budget deficit as it builds a high-speed rail system to connect the major cities of the nation.
2. The government’s debt is relatively high due to a recently ended deficit-financed war, but the government is now running only a small budget deficit.
3. The government’s debt is relatively low, but the government is running a budget deficit to finance the interest payments on the debt.

Renee

Credit Card Debt Consolidation and How To Eliminate Debt

Tuesday, June 23rd, 2009
Debt Consolidation asked:


ng>Credit Card Debt Consolidation

Credit Card Debt Consolidation services can make it happen, and there’s no doubt about it. There’s no reason to delay and nothing to lose. Credit card debt consolidation can also help you avoid creditor harassment , one of the main elements that trigger stress induced health problems. Credit card debt consolidation usually makes the combined balance more manageable especially if a lower interest rate is provided. But, if there are multiple other accounts involved that were not part of the consolidating effort, it may take some time to get them all reduced to a manageable level.

Typically, when a customer buys a product with his card or uses his card as an alternative for hard cash, he is offered an interest free credit period. The customer has to make a payment for the credit used on the card before the credit period ends. Typically, debt consolidation programs are debt repayment programs. They can consolidate most types of unsecured debts from major credit cards to personal and student loans. Typically the interest on a debt consolidation loan is approximately 17-23%. That?s a hefty amount of interest that may actually be more than you are currently paying on your debt.

Bad credit debt consolidation is helpful if you want to reduce your debt burden. It is an effective technique for improving your credit scores. Bad credit and excessive debt does not make you a horrible person. With a little help from us, you will be able to get your credit and finances in top shape again. Bad Credit Personal Loans - Our company’s mission is to help people obtain the bad credit personal loans they so desperately need. We’ve helped thousands of people with credit problems find the right personal loan that meets their needs.

Credit Card debt consolidation is a short term answer to a much broader problem. Credit card debt consolidation is an agenda where the debt settlement company directs the debtors in reducing their debts through a monthly compensation of a fixed amount. Debt elimination is not similar to a loan program. Credit card debt consolidation gives you an opportunity to reduce your debts under single lower monthly payments. Thus you get rid of all high rate credit card debts and replace them with the new low monthly payments.



Louis