Personal Debt-Information On Average Personal Debt, Personal Debt Consolidation Loan, Personal Debt Consolidation

Shawty asked:


Has anyone ever had very high credit card debt and used a debt consolidation company or got a personal loan to help pay them off? Did it help you or did you end up paying for longer and more interest? I am trying to find the best way to help my husband get out of debt, from all the moves and stuff.

Cleveland Pittsley

Radioactive asked:


I wonder if she is financing all that botox.
Is this information available to the public?

I remember that one time about hearing about a senator that had $5,000 loan on teeth work done.
So this information should be public – how would news reports get it?

India Kirch

brandi56 asked:


I am considering settling a business credit card debt for less than the amount owed (Advanta, now out of business). Advanta says they will report this to the Small Business Financial Exchange. Will this also be reported on my personal credit reports?

Pandora Ackerley

Method To The Madness asked:


In your opinion, do you believe that the number of American consumers that are in debt today, would be a dramatically lesser figure if commercials were never created (whether it be from TV, radio, internet, billboards etc)? Do you think it would even make a difference? Lastly, would you enjoy TV, radio, the internet, and your drive home from work– waaayy more if advertisements were non-existent? Personally, I can not stand someone trying to sell me “the new something” everyday of my life!

[A side note: A recent study revealed that the average American is able to identify over 1,000 + company's (fast food, clothing brands, car makes/models etc) just from a glimpse of their logos, but could identify less than 10 plants and animals native to their own region]

If anyone even answers…I thank you for your thoughts lol : )

Dean

tigertowner asked:


I am considering applying for a $5,000 personal loan from my bank. What are my chances of being approved based on the following information: My Equifax score is 654, I’ve been at my job for over 4 years, my debt to income ratio is 26%, the only debt I have is student loans and a $250 credit card balance which combined equal about 50% of my yearly income.

Thomasina Hubin

Amir asked:


So, I’m admitted to a very good graduate school and I’m looking at about $100,000-110,000 in debt when I graduate. The average starting salary that I might be able to make is about $70,000. My question is would this be sufficient to pay off my debt in 10 – 20 years without enduring a lot of personal hardship?

Grant Styons

nathan p asked:


I won a civil suit for about $9000. Does anyone know a company I can contact to help me collect on this amount?

Chin Sterpka

Shahid Afridi asked:


a. Deficits and the debt are often measured relative to GDP because the government’s ability to service the debt and to repay the debt depends on GDP.
b. The larger GDP grows, the greater the ability of the government to handle debt.
c. Government debt is different from an individual’s debt because much of the government’s debt is external and can therefore be reneged on at any time without adverse consequences.
d. A constant debt/GDP ratio in a growing economy is consistent with a continual deficit.

29. The difference between government debt and personal debt is that:
a. Government can print money to pay off its debt.
b. internal debt makes the citizens of that nation poorer.
c. external debt makes the citizens of that nation richer.
d. there is no difference between the two.

30. Debt is:
a.accumulated deficits minus accumulated surpluses
b.accumulated deficits multiplied by accumulated surpluses
c.most recent surplus minus last 5 deficit
d.most recent deficit minus last 5 surplus

31. Public finance refers to the changing of taxes and reserve requirement that affects the level of output in the economy. True/false

32. According to the Ricardian equivalence theorem, people increase savings when the government increases deficits because they recognize the link between government deficits and higher future taxes. True/false

33. Financing expansionary fiscal policy by increasing the deficit does not generally affect interest rates. True/false

34. Crowding out is the offsetting effect on private expenditures caused by the government’s sale of bonds to finance expansionary fiscal policy. True/false

35. The effectiveness of monetary and fiscal policy depends on how the expectations of individuals are determined. True/false

36. New Classical economists differ from old Classical economists in that New Classicals believe in the Ricardian equivalence theorem as a practical proposition. True/false

Byron Neaves

crazytoasty21 asked:


I am younger and I have many students loans so I am afraid that lenders won’t give me the amount needed due to my age and amount of debt I already have. I desperately need this money. So if I cannot get a loan what other resources could I use to get the amount needed? Any information that anyone has would be greatly appreciated, I desperately need these funds.

Annie

jasj1214 asked:


I have approximately $35,000 in Credit Card debt. I am able to make only my minimum monthly payments but am not making any progress in lowering my balances. I do not own a home so I cannot apply for a equity loan and I have heard that the debt consolidation progarms do not work. Is anyone aware of a long term personal loand program that I can apply for? Or do you have any other sugguestions as to how I can reduce my debt?

Judson Gammage