Reid Objects To Consideration Of His Own Debt Bill

JULY 29, WASHINGTON--Although Majority Leader Reid earlier today said that "time is short, and too much is at stake to waste even one more ...

In economics, when is household debt taken into consideration?

Sep 17, 2006 by nothingconstant | Posted in Economics

I am a junior economics major and have just now started taking upper level classes. Also, as a junior in college, I am proud to say that I have absolutely NO debt in any form which is very rare these days. In intermediate macro and money and financial institution classes, all have said that they do not take into consideration credit card debt because cards merely "defer" payment. When do economists take into consideration the burden many families have in paying off debt??

Don't believe everything economists report. Most of the reports rely more on statistics than on common sense which is dangerous in the economics field. I would just advice you to make your own decisions instead of relying on "facts". That's what economics is about. Be a leader not a follower. Come up with a new way of analyzing things and you will better yourself.






Nobel prize winner in economics.

Is the interest payment on Government Debt taken into consideration when calculating the GDP?

Mar 21, 2006 by GailWind | Posted in Other - Business & Finance

Yes, GDP is a sum of either total expenses or total income. One mans expense is always another mans income, so either way it's always calculated.

If you're in a debt management program, what are the effects of employment consideration?

Jul 28, 2007 by dru | Posted in Other - Careers & Employment

(In detail, when a company does a credit check, does being in a debt management program effect the chances of employment? I have never been late with payments or went through bankruptcy. I signed up to reduce interest rates. Your honest feedback would be appreciated.

It's actually a good thing because it shows personal responsibility versus non-payment. Credit wise it helps because you make payments on time. What can hurt you is your present credit rating if it is low. But that also depends on whether your company checks that and how it ranks that information. Your focus should be on a good interview highlighting what you bring to the company.

Any body do the debt consideration program with Consumers Alliance Processing Corporation (CAPC)?

May 14, 2007 by Sopha Vongxaya | Posted in Credit

do you like there service? do you think they charge to much for the service fee?

I have good experience with a debt consolidation company. It is the best ever. You want to know who it is. Its me. I learnt everything I could about debt management and then I put it all into practice. I spoke with my creditors, stopped interest and came up with a repayment plan. Those very same creditors now have me at AAA rating and lend whenever I need it. This is how you and everyone else goes about debt management. It really is quite easy to do. My profile has more because I put my experience onto a site for others, and yes, its free.

Part payment of a debt will not be adequate consideration to discharge a debt?

Nov 12, 2006 by ·æ Î | Posted in Law & Ethics

discuss

Why would it be? When you purchase something, unless it is defective or doesn't do what the seller claims, you have agreed to pay the amount. Partial payment could cost you much more, if the seller decides to settle the matter in small claims court.

How do tax considerations affect the cost of debt and the cost of equity?

Nov 10, 2006 by psegnini_01 | Posted in Other - Business & Finance

I'm working on my Finance homework and I am soo lost! Please keep it simple because I am struggling.

Please be more specific. Do you want to know the affect on the Goverment or the people paying the taxes?

If the Gov't doesn't collect enough taxes, then they borrow money from other countries to cover the deficit. The cost of this deficit is higher when it is borrowed from countries that when it is borrowed from constituents. When money is paid back to outside entities, then the money leaves our economy and lowers the nation's GDP.

Cost of equity is similar to the cost of saving. If you use a Keynsian Cross, it shows that when people save that the money comes out of the GDP and therefore less money goes towards making products.

I'm not sure if this is what you were asking...

How much does having bad debt effect getting a federal law enforcement commission?

Feb 24, 2008 by Susan T | Posted in Law Enforcement & Police

I have some bad debt that I am trying to get cleared up. I'm now on a payment plan w/a debt management company, but wanted to know if they will take that into consideration when it's time to get my commission.

It will be taken into consideration because of the aspect of could you be bought off if someone payed your bills or you were on the take to pay bills and outstanding debt.
You have taken a very wise approach of debt management company to acknowledge you HAD a problem and this is how they should Analise it HAD.

Debt considerations for a VA Mortgage on the spouse in a community property state?

Jan 15, 2009 by James W | Posted in Renting & Real Estate

I have great credit and live in a community property state. I have been married for less then a year and my wife had several accounts in collections before we were married that show up on her credit report that the loan officer pulled. He states her balances and monthly payments listed on her credit report have to be considered as part of the total housing debt. I qualify without issue by myself for the loan however, when the loan officer looks at her report he sees several open accounts accounts in collections that have balances due and with minimum payments listed that in total that take me over the allowable percentage to qualify for the loan. Any idea why her credit report even has to be reviewed and these items in consideration when I am applying for the loan myself only?

How does a Court Ordered Judgement to repay a debt work?

Aug 08, 2007 by jumbo lopez | Posted in Law & Ethics

If you are being sued and you admit the debt is yours and you intend to pay, must you go to the court hearing? I know if you don't then the case proceeds without you and the judgment is by default against you.
Now, when the judge decides that you must pay your debt, does he make it in one lump sum, or are payment arragements made? Does he take into consideration what you make and your living expenses? How does it work. I live in PA so wages can't be garnished. I don't own a car and I'm still paying on my house. Can someone explain what all is going to happen? thanks! And please, no guessing, only educated answers.
OK i already mentioned that they CAN NOT garnish wages in PA. There are only 4 states that do not allow this and PA is one of them. So please, no more info on that since it doesn;t apply!

If you don't go to the hearing, the judge will enter a judgment against you for the amount they list. You owe that amount. At that point, you can begin making payments, however, do so THRU THE COURTS, that way there is a paper trail. Most judges will let you set your own payment. As long as you are making the payments, nothing will happen. If you don't, the company can file a Proceeding Supplemental and ask the judge to guarnish your wages. (Oh, you can also voluntarily request that your wages be guarnished if you want.) Good Luck.

When applying for a personal loan at a bank what things do they take into consideration?

Aug 22, 2006 by hedda | Posted in Personal Finance

My b/f wants to buy me an engagement ring but he has school loan debt, and a few other loans that he needs to pay off. Do you think they will give him the loan?

It depends on how much he wants to borrow and how an interest rate he's willing to pay (the riskier he is as a credit risk, the higher the interest rate will be.)

He needs to be able to show current employment (usually a couple of months of paystubs will suffice); needs to list all his debts (that is credit cards and everything else for which he owes money); needs to have sufficient income to cover his basic living expenses in addition to being able to repay the loan; needs to be able to explain satisfactorily any bad stuff in his credit report; has to have a stable employment history and length of residence.

Why do you want to start off your marriage so far in debt? Save up for the ring and then buy it. Is he wanting to buy you the ring or are you pressuring him into buying you a ring?

The alarms are going off either way....he shouldn't be wanting to pile up debt and you shouldn't be wanting him to pile up debt.

What Makes a set Bureau Influence Your Credit score Score

A variety business is known as a firm that gathers bad debts which are unpaid. Series balances with a credit report are reportedly as harmful things and can sooner or later use a damaging feeling on to your credit rating. Consequently, when you could hardly make payments to your lender to the bad debts for you to needed, then almost all of the debt collectors transport this case to some selection business. This may have numerous side effects for your survey.

In case you have a debt that’s been reassigned to your selection business then to your credit rating will probably be impacted terribly. This occurs because your personal loan historical past is greatly regarded on 30 % of your credit track record. Should your debt is reassigned to your selection business then a selection business along with the lender will report a written report most likely.

No matter which case transpires of an selection consideration for your a credit report is catagorized your credit ratings .. Following the selection consideration appears for your man or women fiscal declaration, this is a piece of consumer credit antiquity. It really is of a minimum of that means if your consideration is paid out of this is. Then a total price of a group consideration is of a minimum of benefits.

In the event you check your a credit report regularly it assists you maintain your credit-based card isn’t misused or does not have any glitches for your fiscal declaration. If you learn any difficulties or glitches early on, then this is usually a great lasting way to make sure that you do not need a credit restoration once more.

The basic place essentially should enable creditors know that you are a favorable credit peril and you have to keep your credit track record shielded from any identification crooks. As a swap of cost, you can also ask the range business to eliminate the thing for your credit-based card.

Source: Ruby Fruitny