Archive for the ‘Debt’ Category:
Debt or Equity: Does It Make Any Difference?
Debt or Equity: Does It Make Any Difference?
When entrepreneurs raise money to start and grow their businesses, this capital generally comes in three flavors: Grants, Debt and Equity. It is important that entrepreneurs understand each, especially the cost of these capital source alternatives. Grants are great because no repayment is required and the source of the funds does not expect ownership in the company. Grants (or gifts) from …
Read more on Flathead Beacon
Moody’s Combines Debt and Pensions to Analyze States
Moody’s Investors Service provided a combined measurement of debt and pension liabilities for the first time to analyze U.S. states’ creditworthiness after “rapid” growth of their unfunded retirement obligations.
Read more on Bloomberg
Merkel Demands Euro-Area Debt Curbs for German Help
Chancellor Angela Merkel said that Germany is ready to show “solidarity” to fellow euro-area countries buckling under the sovereign debt crisis in return for a commitment to lock in rules limiting deficits across Europe.
Read more on BusinessWeek
Study ranks Asheville 6th worst metro area in nation for credit card debt
Asheville has one of the worst credit card debt problems in the nation, according to a study by the credit reporting agency Equifax. The report ranks the Asheville metro area the sixth worst in the nation, with the average resident carrying 16.12 percent of their annual income in debt. In the Asheville area, out a median annual income of $ 39,884, an average of $ 6,431 — 16.12 percent — was credit …
Read more on Mountain Xpress
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Our CDs Can Help You Be Debt Free & Financially Secure
Debt
eBay auctions should keep in mind:
Guilt (Abe Glitsky) John Lescroart | US $3.49 End Date: Monday Feb-06-2012 11:59:32 PST Buy It Now for only: US $3.49 Buy it now | Add to watch list |
Fredric Wertham: The Circle of Guilt (1956) Rinehart & Company-HC/DJ
 | US $30.00 End Date: Monday Feb-06-2012 12:02:21 PST Buy It Now for only: US $30.00 Buy it now | Add to watch list |
DEGREE OF GUILT By: Richard North Patterson 1995
 | US $0.99 (0 Bid) End Date: Monday Feb-06-2012 12:11:30 PST Bid now | Add to watch list |
Vintage Press Movie photo C3255 THE GUILT OF JANET AMES Rosalind Russell
 | US $19.99 End Date: Monday Feb-06-2012 12:12:47 PST Buy It Now for only: US $19.99 Buy it now | Add to watch list |
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Figures on government spending and debt
figures on government expenditure and debt
WASHINGTON (AP) – The figures on government spending and debt (last six digits are eliminated). The government fiscal year runs 1st October to 30 September. Total public debt at January 26 Statutory debt limit 14,007,504 14,294,000 Total debt 26th 26th January 14060011 Operating balance January 296 162 Net interest income 2011 to December 56 780 interest limit fiscal year 2010 …
Read AP via Yahoo! Finance
Stephen Stromberg: The debt is ballooning. Now we can think clearly?
The Congressional Budget Office reported that the budget deficit this year will be the highest ever – 1500000000000 $ – and that government debt is 77 percent of gross domestic product by 2021 the same. And reports to the Committee for a Responsible Federal Budget that the CBO estimates long-term …
Read Washington Post
figures on government expenditure and debt
(28.01) 14:01 PDT WASHINGTON (Dow Jones) – The figures on government spending and debt (last six digits are eliminated). The government fiscal year runs 1st October to 30 September. Total public debt limit to about 27th January 14, …
more to Read «http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2011/01/28/financial/ f140123S06. DTL»> San Francisco Chronicle
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free from debt thai amulet
Debt
eBay auctions should keep in mind:
Guilt - Further (1997) - Used - Compact Disc | US $1.49 End Date: Monday Feb-06-2012 11:25:33 PST Buy It Now for only: US $1.49 Buy it now | Add to watch list |
THE TYRANNY OF GUILT - STEVEN RENDALL PASCAL BRUCKNER (HARDCOVER) NEW
 | US $20.66 End Date: Monday Feb-06-2012 11:28:02 PST Buy It Now for only: US $20.66 Buy it now | Add to watch list |
Urza's Guilt X1 (Planeshift) MTG
 | US $1.00 End Date: Monday Feb-06-2012 11:48:10 PST Buy It Now for only: US $1.00 Buy it now | Add to watch list |
NO GUILT DESSERTS COOKBOOK LESS THAN 200 CALORIES
 | US $2.00 End Date: Monday Feb-06-2012 11:54:14 PST Buy It Now for only: US $2.00 Buy it now | Add to watch list |
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Trend in external debt needs watching
trend in external debt needs watching
While long-term debt increased by 9.5 percent to 230 billion U.S. dollars, short-term debt registered a sharp increase of 26 percent to $ 66,000,000,000th
Read rediff. com
Global Debt Registry Publishes White Paper by Daniel J. Langin Esq. a review of the debt owner
Attorney Daniel J. Langin provides amendments to court rules, regulations and statutes to improve the ride issuers and debt buyers to check the property and debts opinions offered a solution by Global Debt Registry. (PRWeb January 27, 2011) Read the full story at http://www.prweb.com/releases/2011/01/prweb5002454.htm
Read more on i PRWeb
The 10 countries with the most debt
The United States made the largest debt in the world, but other countries have more dire situations.
Read more at «http://www.usnews.com/articles/news/2011/1/28/the-10-countries-with-the-most-debt.html?s_cid=rss:the-10-countries-with-the-most-debt»> U.S. News & World Report
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Hydro debt retirement delays condemned by Tory MPP
Hydro debt retirement delays condemned by Tory MPP
PC MPP Jim Wilson holds a press conference outside a Walker Road transformer station to call on the McGuinty government to explain why the Ontario Hydro debt retirement charge has been exended for six years.
Read more on Windsor Star
New Debt Advice Model Would Improve Support for People in Financial Difficulties, According to Report By British …
LONDON–(BUSINESS WIRE)–New proposals to help people in financial difficulties would streamline the process of debt management, said the British Bankers’ Association and Accenture in a new report.
Read more on Business Wire
Global Debt Registry Releases White Paper by Daniel J. Langin Esq. on Verification of Debt Ownership
Attorney Daniel J. Langin looks at changes in court rules, regulations, and statutes driving Issuers and Debt Buyers to improve verification of debt ownership and reviews a solution being offered by Global Debt Registry.
Read more on PRWeb via Yahoo! News
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- Distressed-Debt Investors Seek Stocks as Debt Bubble Looms, Survey Shows
- Trend in external debt needs watching
- U.S. debt should be downgraded to below Japan: Japan sound, U.S insolvent
- Japan’s debt rating is cut as deficits pile up
- A.M. Best Assigns Debt Rating to Forthcoming CHF 400 Million Subordinated Notes Issue of SCOR S.E.
Lastest Debt News
Ford profit down on debt payback falling shares
Ford Motor Co posted disappointing start to the fourth quarter earnings after a charge for debt repayment, higher costs for new vehicles and a loss in its European operations to send their shares down 6.3 percent.
Read Reuters via Yahoo News
NB Distressed Debt – Net Asset Value (s)
NB Distressed Debt – Net Asset Value (s)
more to Read «http://uk.finance.yahoo.com/news/NB-Distressed-Debt-Net-Asset-afxcnf-1947063389.html?x=0http://rss.feedsportal.com/c/851/f/10845/s/123425c5/l/0L0Sirishtimes0N0Cnewspaper0Cireland0C20A110C0A1290C12242885266850Bhtml/story01.htm»> The Irish Times
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Debt Cures (2007, Hardcover)
Some recent debt auctions on eBay:
Evidence of Guilt by Jonnie Jacobs (1998) PB G | US $2.50 End Date: Monday Feb-06-2012 9:11:23 PST Buy It Now for only: US $2.50 Buy it now | Add to watch list |
Small Leaf Ear Rings Guilt Shell Philippines - Johram
 | US $17.00 End Date: Monday Feb-06-2012 9:12:37 PST Buy It Now for only: US $17.00 Buy it now | Add to watch list |
Small Brooche Guilt Edged Shell Philippines - Johram
 | US $12.00 End Date: Monday Feb-06-2012 9:12:41 PST Buy It Now for only: US $12.00 Buy it now | Add to watch list |
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U.S. debt should be downgraded to below Japan: Japan sound, U.S insolvent
U.S. debt should be downgraded to below Japan: Japan sound, U.S insolvent
S&P has downgraded Japan’s long-term debt from AA to AA-, indicating the U.S. AAA rating should be taken down several notches to less than AA-.
Read more on Online Journal
New Debt Advice Model Would Improve Support for People in Financial Difficulties, According to Report By British …
New proposals to help people in financial difficulties would streamline the process of debt management and deliver a better and fairer deal for customers, said the British Bankers’ Association and Accenture in a report published today.
Read more on Business Wire via Yahoo! Finance
NYSE: Margin Debt Up 0.9% In Dec; At Highest Since Sept 2008
Margin debt edged up 0.9% in December, again climbing to a new high since the 2008 financial crisis, according to the New York Stock Exchange.
Read more on FOX Business
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Japan’s debt rating is cut as deficits pile up
Japan’s debt rating cut as deficits accumulate
In another reminder of the deterioration cut the debt burden of the developed countries, Standard & Poor, Japan on Thursday AOS, AOS rating by one notch, citing the country, AOS persistently high budget deficits and the burden of an aging population. Japan was trimmed AO rating …
more to Read «http://latimesblogs.latimes.com/money_co/2011/01/japan-debt-rating-cut-sp-budget-deficit-gdp.html»> Los Angeles Times
Students’ suffering worse debt: survey
Students appear to have borne the brunt of economic recession, with rising debt and money and suffering declining employment opportunities obviously in a New Zealand Union of Students Associations (NZUSA) survey. read more
Read Otago Daily Times
Global Debt Registry Provisional Patent Awarded
Global Debt Registry announces its award of a provisional patent protection technologies for the company, AOS enterprise management tool for the securitization of assets ownership, servicing rights, developing and validating key requirements titling solutions.
Read PRWeb via Yahoo News
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JOHN CUMMUTA TRANSFORMING DEBT INTO WEALTH 6 CDs
Most popular Debt
eBay Auctions:
EDWARD BALL - CATHOLIC GUILT 1997 UK CD | US $4.72 End Date: Monday Feb-06-2012 7:25:53 PST Buy It Now for only: US $4.72 Buy it now | Add to watch list |
America's Most Wanted Recipes Without the Guilt: Reduced Calorie Versions of...
 | US $19.85 End Date: Monday Feb-06-2012 8:06:07 PST Buy It Now for only: US $19.85 Buy it now | Add to watch list |
The Portable Italian Mamma: Guilt, Pasta, and When Are
 | US $2.19 End Date: Monday Feb-06-2012 8:08:24 PST Buy It Now for only: US $2.19 Buy it now | Add to watch list |
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Acencia Debt Strat – Net Asset Value(s)
Acencia Debt Strat – Net Asset Value(s)
Acencia Debt Strat – Net Asset Value(s)
Read more on AFX CNF Finance Regulatory News via Yahoo! UK & Ireland Finance
Hawaii’s debt burden highest in the nation
Hawaii’s debt burden, including future pension obligations for state and county workers, is highest in the nation as a percentage of the state gross domestic product, Moody’s Investors Service reported yesterday.
Read more on Honolulu Star-Advertiser
Debt advisors prepare for increased activity
KPMG has positioned itself in anticipation of a rising number of loan portfolio sales – triggered by overleveraged banks restructuring their balance sheets – with the hire of a 10-strong team from rival PwC to its debt divestment advisory business.
Read more on eFinancial News
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Lastest Debt auctions
Most popular Debt eBay auctions:
A Fate Worse Than Debt | US $13.29 End Date: Monday Feb-06-2012 6:33:26 PST Buy It Now for only: US $13.29 Buy it now | Add to watch list |
The Debt Threat: The Dangers of High Real Interest Ra..
 | US $7.88 End Date: Monday Feb-06-2012 6:59:50 PST Buy It Now for only: US $7.88 Buy it now | Add to watch list |
 | US $18.88 End Date: Monday Feb-06-2012 7:12:23 PST Buy It Now for only: US $18.88 Buy it now | Add to watch list |
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Most popular Debt auctions
Most popular Debt eBay auctions:
Debt Cures by Kevin Trudeau (2007, Hardcover) | US $3.99 (0 Bid) End Date: Monday Feb-06-2012 6:00:42 PST Bid now | Add to watch list |
JOHN BULL PRIVATEERS, NATIONAL DEBT, BROTHER JONATHAN
 | US $45.00 End Date: Monday Feb-06-2012 6:27:27 PST Buy It Now for only: US $45.00 Buy it now | Add to watch list |
John M. Cummuta -Transforming Debt into Wealth System
 | US $55.00 End Date: Monday Feb-06-2012 6:27:57 PST Buy It Now for only: US $55.00 Buy it now | Add to watch list |
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Debt advice ‘needs streamlining’
debt needs streamlining «
The debt system must be streamlined to make it easier for consumers to understand and offer people help in an early stage, has proposed a report.
Read Shropshire Star
«debt disaster» notification, Citizens Advice Bureaux cuts loom
has a debt advice, the hundreds of York helped people in the last 12 months before the ax because of government cuts.
Read York
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Distressed-Debt Investors Seek Stocks as Debt Bubble Looms, Survey Shows
Distressed-Debt Investors Seek Stocks as Debt Bubble Looms, Survey Shows
Distressed-debt investors plan to focus more on riskier, equity-linked securities as a “bubble” in the leveraged-loan and junk-bond markets is poised to burst as soon as this year, according to a survey of 100 asset managers and traders.
Read more on Bloomberg
Global Debt Registry Releases White Paper by Daniel J. Langin Esq. on Verification of Debt Ownership
Global Debt Registry , a provider of accounts receivable titling solutions, announces the release of a free white paper “Introducing Certainty to Debt Buying: Account Chain-of-Title Verification for Debt” written by Attorney Daniel J.
Read more on Business Wire via Yahoo! Finance
In-debt Amkar to remain in Russia’s top flight
In-debt Amkar Perm received a lifeline from the Russian Premier League (RFPL) on Tuesday after they were allowed to remain in the top flight for the coming season.
Read more on Reuters via Yahoo! Sports
Global Debt Registry Releases White Paper by Daniel J. Langin Esq. on Verification of Debt Ownership
WILMINGTON, Del.–(BUSINESS WIRE)–Global Debt Registry releases White Paper by Daniel J. Langin on changes in court rules, regulations, and statutes driving Issuers and Debt Buyers to improve verification of debt ownership.
Read more on Business Wire
Tags: Debt
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30,000 dollars. Pay off loans or put it away?
So, I have about 25,000 I’m about to receive a bit from a settlement. With additional savings I have, I will actually have about $30,000 total.This is basically all my money, period- other than that I live hand to mouth. I also owe about 10,000 in student loans. I’d really like to get rid of those loans. However, would it actually make more sense to put my money in a high yielding savings account? I have a savings account that currently is 5% APR- which with 30,000 dollars would compound around $1,500 or so a year. But it seems like I might just as well pay off the student loans in a big chunk. Or would over the long run it make more sense just to keep paying the minimum on the student loans? The debt has been hanging over my head. But I like the idea of having the bank pay ME over a grand a year. Any advice?
Original text: 30,000 dollars. Pay off loans or put it away?
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What do I do about my school debt lawsuit?
I just got served papers showing that I am being sued for university tuition. What next? I’m scared. I moved away from home to attend university, but I was kicked out after a year for failing grades and back tuition. I owed approximately $10,000. After a few months of being away from the school and not paying them anything, I got a call from a collections agency. They had bought(?) my debt and were responsible for collecting. I made an agreement to pay $150 a month. I did that for 4 months or so, then there was an emergency that caused me not to be able to pay last September. Since then, I have been living paycheck to paycheck (literally, on $10.50/hr at 32 hrs/wk, so I know it shouldn’t be that bad but I live with my boyfriend who has a richer lifestyle than I do and it’s hard to say no when he asks if I can buy something) and have been unable to make the required payments. I was just served papers today that say I am being sued. I know you are not my lawyer, but I need advice. What should I try to do? How can I make this process less onerous? What do you expect will happen? Will this hurt my credit? Email at stupid.university.debt[at-ta]gmail.com.
Original text: What do I do about my school debt lawsuit?
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- How can I acquire a student loan when my school does not offer any help or participation with them?
- $1000 hanging over my head
- How do I prove I paid this?
- Young creative trying to break into advertising, wondering how to get by in Chicago!
- What to expect for pre-trial conference for credit card debt?
Should I negotiate my debt?
Should I pay my full debt to a collection agency, or bargain the debt down? I owe about $500 to a collection agency and I know they bought that debt for much less than that, and would be willing to bargain.
My main interest is in repairing my credit rating. If I bargain for less than $500, will in inhibit the restoration of my credit?
Original text: Should I negotiate my debt?
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Does that make sense?
Debtfilter: Employer provides signing bonus structured as forgivable loan (forgiven if employee stays with firm long enough). Employee leaves soon after, and employer seeks to collect on loan. Employee is now a broke grad student, so employer offers to defer collection of loan until grad school is complete. Question: If length of time in grad school exceeds state statute of limitations on original loan, does this mean the loan will discharge itself before it can be collected? I know you’re not my lawyer.
Original text: Does that make sense?
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How do I stop obsessing over my finances?
The closer I get to finishing this debt off, the more it seems to bother me. Help? About four or five years ago I took on a rather sizeable debt that I’ve nearly paid off a couple of times, only to repeatedly find myself back in a similar situation (though thankfully on a smaller scale). Each time that I’ve consolidated my debts, I’ve continued using one or more credit cards and have inevitably fallen into the same traps; one card starts to creep up, so I switch to another thinking it’ll be easier to pay off the first if it’s got a lower balance, and from there I spiral into disaster. The previous attempt to settle this was dashed as I entered into a relationship that initially brought with it far too many visits to local restaurants and eateries.
Fast forward to today. I’ve reeled in spending significantly; we cook at home a lot more often, more rarely eat at restaurants (at most once a week, down from four or five), and I brown-bag lunch at work (whereas I’d once upon a time spent anywhere from $15 to 20 at local delis). I drive less frequently, although overall I don’t think our quality of life has changed much. I don’t often shoot down activities on the basis of their cost; we’ve adjusted accordingly (she’s in a similar financial predicament, though more a result of school loans) and enjoy eachother’s company enough that nights at home are well spent and thoroughly enjoyable.
Of my four credit cards, I’ve paid off two entirely, a third is nearly paid off (under $100) and the fourth carries a large balance (around $5500), most of which is the result of earlier consolidation with 0% APR until October. I’m gainfully employed so paying this off along with my other bills does not seem like an insurmountable task. I’ve been working on paying off my credit cards one at a time, mostly for morale, but I’ve noticed that I’ve been focused far too much on these finances. I keep a running spreadsheet of all of my upcoming payments and bills and have charted this out until mid-August, around which time I think I’ll be able to pay off the last credit card and finally return to paying each month in full (or possibly switching entirely over to cash or debit).
In the meantime, this remaining debt vexes me and I check my spreadsheet dozens of times a day, searching for any way which would allow me to pay off the debt sooner. I’ve resorted to selling various things on craigslist, including my home PC and home audio system (a pretty big deal for a software engineer by trade). Anything to help pay this down sooner. I haven’t slept very soundly in months and I can’t help but think that’s related. Any suggestions on how I might go about stopping this obsession with my finances? I’d love to get the satisfaction of closing the other cards, as if that’d be some kind of silly moral victory, but I’ve read about the issues with that. So here I am with far too much credit, too much debt, and a calendar telling me I’ll still be staring at debt for the next couple of months. The closer I get to finishing this off, the more it seems to bother me. Help?
Original text: How do I stop obsessing over my finances?
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Not my name, and not my debt
I need help writing a strong letter to a collections company trying to collect a debt that isn’t mine. Yesterday I received a letter from ALW Sourcing, LLC that claimed I owe $6700+ dollars. Thing is, it was addressed to «Genesta La M_____». My mother has told me that «La M_____» has shown up in her house mail before. (Not sure if it was the same first name though.) I’m wondering if it’s one of my grandmother’s debts since I was named after her but with a «J» instead. It’s not on my credit report. The creditor was listed as «Pinnacle Credit Services, LLC» and the former creditor is listed as «Commercial Credit». So this is just the selling of info. from company to company, right?
They claim I can contact them by phone, but I’ve done it twice with no results and I really don’t want them to get any more of my personal information anyway. I need to write them a letter to dispute the debt within 30 days they say. What is the official/legalese way of saying «this is not my debt, so go away and don’t contact me anymore!» I’m going to send it certified mail to the three addresses on the paper, so I want to make that $16 count!
Thanks to any and everyone who can help.
Original text: Not my name, and not my debt
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Short sale? Walk away? Run?
My wife and I need to get out of our house ASAP for reasons both financial and mental-health-related. I’ve been told we may need to look into a short sale, but researching the process is making my head explode.
What, if any, are our options? (more inside, obviously) We bought this house 4 years ago, on two incomes, intending to start a family. Short version – it hasn’t happened yet, and won’t for the foreseeable future. This, and a few other stressors, helped bring my wife into a depressive spiral, which led to her leaving work indefinitely about a year ago.
We currently live on my salary plus a pittance from her long-term disability – we’re working on getting more, but Social Security is notoriously slow to approve this kind of thing. We’re not behind on any payments yet. We’ve got three loans for this house – we financed initially with an 80/20, and between the two have managed to pay down about 10% of the principal. We also have a loan through our town that we used to pay for a new well and replacement septic system. We have a little bit in savings, but if we continue to pay the minimum payments on all the loans (and eat, keep utilities current, etc.) it’ll be gone in another 6 months or so.
Her counselor has mentioned that living here may well be an additional stressor for her, and that we might need to work on finding a way out to help her recover. It’s an older house that, while livable, definitely needs a lot of work that we either can’t afford to have done, or don’t have the energy or ambition to tackle right now. We have an offer from a family member to stay with them if we need to get out, and neither of us is too proud to take them up on it.
I did the online credit counseling at 995-HOPE’s website, and the counselor there suggested putting the house on the market, but mentioned that we may need to consider a short sale. It’s highly unlikely, if we sell the place, that we’ll get anything close to what we owe on all the loans, and we really don’t want to foreclose.
Where we’re not in arrears with either of our mortgage companies, is short sale even an option? How do we find an agent willing to put in the extra work for less money? Are there other options we haven’t considered? It’s all incredibly confusing and frustrating – if you can, please help us, hive mind!
Original text: Short sale? Walk away? Run?
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- I don’t want luxury but I would like to make ends meet.
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- I-thought-this-would-never-happen-to-me-filter: Got laid off and I’m up the creek finance-wise
Cutting the umbilical cord
This moving out thing, uh…how do I do this (financially)? I often complain about my parents to my friends, random people, and even on here.
The most common comment/question I get is «Hey, why don’t you just move out???»
If it were only that simple…
This is something I would love love LOVE to do, but I don’t think I can afford it. I am underemployed. Full time jobs are hard to find. I do have the option of getting a second part time job, but that wouldn’t give me benefits like a full-time job.
I have 50K worth of student loans, how on earth I would be able to pay rent, bills, gas, and food along with those student loan repayments (I calculated it will be around $500-700 a month)?
Well, I know I am no unique snowflake in this regard. I am assuming most 20-somethings who do live on their own, have some sort of debt…and car payments (thank God I don’t have to worry about that one). I am wondering how do they do it? Am I missing something?
With my situation, I want to know what my options are.
Original text: Cutting the umbilical cord
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Can I blame my money problems on Jim Kramer?
Have you ever used a debt consolidation/management company? What was your experience with them like? Can you recommend one? After doing a search on AskMeFi, I can’t really find any recommendations – only people saying not to ever use one.
I don’t necessarily want to discuss my debt or how to get out of it, I’m just looking for recommendations on debt consolidation companies.
Original text: Can I blame my money problems on Jim Kramer?
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I want my two dollars!
What would happen if the United States defaulted on all of its debt, or simply said ‘Screw off, I ain’t payin!’. I know nothing about global finance, economics and power, but would like to understand what would happen if the U.S. could or would not repay its debt. If I default on a loan, someone is going to kick me out of my house. If the U.S. defaults on its loan, who would do the taking away, and what exactly would they take? If I am the biggest, meanest kid on the block, and everyone relies on me for candy, why do I have to pay you back? Can’t I just kick you in the balls and keep your money?? I know this sounds stupid and simple, but what would stop the U.S. from saying to China, «F*ck you, I ain’t payin, and by the way, I ain’t buying anything from you anymore.». Who needs who more? How is power held it check when the sh*t really hits the fan?
Original text: I want my two dollars!
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What responsibility does the Bush administration bear for the current financial crisis?
What responsibility does the Bush administration bear for the current financial crisis? When I visit my father, we usually argue about politics.
He’s a big Fox News fan, and I think it’s drivel. He tends to parrot what he sees there, and I often find myself explaining how things really work to him.
Since Obama was elected, these arguments have been far less frequent – until the last two weeks when suddenly the Republican spin machine began to pound Obama’s budget plans in light of our financial crisis.
I keep telling him, «Bush was president for the last eight years.»
He keeps saying, «This is not Bush’s fault.»
So, hivemind, what sort of responsibility does the Bush administration really bear in all of this mess?
Links to source material are welcome.
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Can your passport be confiscated for unpaid debt?
I think I remember reading a while ago (not sure where I read this or if it was a reliable source) that a US citizen settled out of the US can be detained or have their passport confiscated for large unpaid debts if they come back into the US, even for a short visit. I was discussing this with a fellow ex-pat here in the UK the other day, who is considering just not paying her student loans for a while since she was made redundant late last year and she and her husband are really struggling – so if she defaults on her loan and comes back to the US to see her family, can she be kept in the country against her will? If so, for how long? Until the entire debt is paid?
Original text: Can your passport be confiscated for unpaid debt?
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Should people in debt go to certain states to get married?
What’s the deal with married people being responsible for each other’s debts, even ones they incurred before they got married? In most states, are married people really considered to be like one person when it comes to financial matters? I mean after all, you’re not «one person» until you get married, so how would you be responsible for past debts of someone before you even met them? I have heard of this before, but always found it hard to believe. It seems so outdated in this day and age, that banks, credit card companies, Sallie Mae, the IRS etc. would actually dun a spouse for debts incurred by the other spouse before marriage. I always assumed that this is what some people believed who didn’t know that it’s not like that anymore. However, from responses I read to a recent AskMe, it would appear that this is still normally the case. How many people are even aware of this before they get married?
I understand the motive all right…if one spouse can’t pay, we’ll just make the other one cough up this money that they never even spent in the first place. So where’s the hue and cry from an outraged public? Why would many people even WANT to get married?!
Regarding this topic, are you safe with the IRS as long as you file separate tax returns?
Should people in debt go to certain states to get married? If so, why haven’t I ever heard of people doing this?
Original text: Should people in debt go to certain states to get married?
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Do inflation cancel my loan interest?
Will my student loan interest rate and the rate of inflation cancel one another out? Thanks to law school, I currently have about 60k in student loans. About 43k of that is locked in at 2.625% The remaining amount is locked in at 4.5%.
The long-term average inflation rate is 3.42% and, by the decade, hasn’t dropped below 2.6% since the 1960s.
My question: does the inflation rate paired with my interest rate mean that I am effectively paying 1% on part of my loan and actually making 1% on the larger chuck? Logically, this seems to make sense and, following that, there is no harm and possibly even some benefit to paying these things off as slowly as possible.
Of course, I could be completely wrong and I can’t find any Internet site or online calculator to back me up. Can the hive help?
Original text: Do inflation cancel my loan interest?
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