Debt Ceiling Debate: A Primer msnbc.com
Washington is in panic mode and your mutual fund is teetering on the brink. But do you really understand what's going on—or what's at stake? A primer on America's current crisis.
I'm so confused about all this hysterical talk about a debt ceiling. I thought we dealt with this in December, or maybe April.
No, those were the Bush tax-cut extensions and the federal budget for this year. This is a different, and even more arcane, fiscal issue.
In that case, can we start with the basics?
Sure. Before 1917, Congress had to give approval every time the government wanted to raise more money through debt. That year, a new law created a debt ceiling—which, ironically, was supposed to make things easier, allowing the Treasury to borrow as it pleased up to that limit without bothering Congress. But government borrowing has increased steadily since then, and we've had to increase the limit repeatedly—10 times in the last 10 years. And we're about to hit that limit again.
UK debt collection agencies and how to handle them
***UPDATE! Sorry if I confused anybody, but the order I would generally go in is to issue the Credit agreement request FIRST, then go down the ...
Debt collector agency....wont accept my weekly payment????
I have been forgetting to pay off my bill for couple months and now they have passed it on to a debt collectors who wanted me to get into contact with them to arrange a payment as soon as possible which is what i did as soon as i opened the letter, but the will not accept a weekly direct debit from me to pay it off and want the full amount and thats it! but im a single mum and this is the only way i will be able to come up wit the money cos they will keep charging me otherwise so what can i do??
Get in touch with your local Citizen Advice Bureau they will help you , there is government legalisation to help people in debt , so dont worry .
Many complanies send out letters even though they have agreed over the phone or by post. Most of them standardise their letters and make them scary to get you to pay!
What you must remeber is that if this isnt a priority debt...like rent, council tax or utilities, they must accept what you can offer!
Any court in the land would take into account that you intend to pay it if you have set up an agreement!
Make sure when you call these places that you get the operators name and ask them to note your call and even have what was agreed in writing. if they dont accept anything like that then you must evidence it by writing it down and then go to the Citizens Advice Beureux!
Scare tactics work!! they will use them...get a third party advocate...i use often CCCS
www.cccs.co.uk
they are good!
The most important thing to keep doing is COMMUNICATE with them and ask them to evidence it..that way if it ever goes to court then you have evidence of trying resolve this! that will do you BIG favours!
Good luck!
a repayment plan that sue ts your fiances once you have put in place a repayment schedule then take them to court and sue them for the stress it has caused you by them not accepting your payment in the first place and hassling you unnecessarily
make a note of all the dates and times and names of the contacts you have made with this collection agency
good luck and nail the b=ds
New Victims of the Struggling Economy: Debt Collectors?
By Nicholas Pell You won’t likely shed any tears over this: Being a debt collector is harder than ever. While most Americans want to get out of debt using a debt management plan or debt consolidation, many can’t afford the payments right now. This complicates the debt collection process. Debt collectors aren’t dealing with deadbeats [...]
accept collector debt if payment wont - News
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