NounSingular debt Plural debts debt (plural debts)
Derived terms
Related termsFrom Wiktionary under the GNU Free Documentation License. Debt is that which is owed; usually referencing assets owed, but the term can also cover moral obligations and other interactions not requiring money. In the case of assets, debt is a means of using future purchasing power in the present before a summation has been earned. Some companies and corporations use debt as a part of their overall corporate finance strategy. A debt is created when a creditor agrees to lend a sum of assets to a debtor. In modern society, debt is usually granted with expected repayment; in many cases, plus interest. Historically, debt was responsible for the creation of indentured servants. From Wikipedia under the
GNU Free Documentation License How do you settle debt with credit card companies? Q. I've got some debt that's currently in collections. And I got to talking to one of the debt collectors and he revealed that the average company is willing to settle for about 75% of the debt owed. But since they're basically screwing you with outragous interest that never allows you to really pay off the principal debt, are they willing to settle for even less. What are some useful tricks when dealing with these parasites? Asked by tim - Wed Sep 10 21:57:04 2008 - - 3 Answers - 3 Comments A. Do not talk with debt collectors over the phone. No mather how smart you think you are, they are trained to get the best of you. Instead send them a letter stating that the cannot contact you by phone anymore. Any contact has to be by US mail to an address that you specify. Send letter by certified mail and keep copies for your records. Never reveal any personal information to a debt collector. They will use it against you. Don't appear desperate, just play the waiting game with them. Remember, that you have the power, you have the money, and they are the ones who want to get their hands on it. If they come up with a settlement that seems fair to you, include a "pay for delete" agreement. Don't pay them a dime before they agree to delete… [cont.] Answered by infiniti - Wed Sep 10 23:08:53 2008 What is a good percentage of debt to total assets in personal finance? Q. I think that I would feel comfortable to have 30% of my assets in debt, but I never had debt before, so I am not sure about that. For instance, if my total assets are $100,000, then I would feel confident in getting $30,000 in debt. Asked by Claudio F - Mon Jan 5 15:00:12 2009 - - 3 Answers - 0 Comments A. It really depends on more than simply assets and debt, and it also depends on what those assets and debt are. For instance, you have greater leverage (debt capacity) if you own your own home or some real estate. Banks deal in real estate all the time, and they know the market and what to do with the property should they have to foreclose. However, if your assets consist of stuff like a car, sports memorabilia, a rare stamps collection, etc., you probably don't want to (and can't) go into as much debt. These assets don't have well defined values or steady buyers. You'd be hard-pressed to find a lender willing to take these assets as collateral, so they're not going to help you much. To me, the most important aspect (aside from home… [cont.] Answered by utlawroman - Mon Jan 5 15:20:48 2009 How much debt would it take for you personally make the decision to file bankruptcy?
Q. I know bankruptcy should be a last resort but some people have different personal limits. I would like to know your personal answer. What's the least amount of debt it would take for you to make the decision to file bankruptcy? And what is your annual income if you don't mind? Asked by dee b - Tue Oct 2 19:18:14 2007 - - 9 Answers - 0 Comments A. Our lawyer said $20,000. But it varies with different lawyers!! Think about it very carefully its a life changing decision! BTW my annual income is $45,000. Answered by V - Tue Oct 2 19:21:30 2007 From Yahoo Answer Search: "debt" Debt is that which is owed; usually referencing assets owed, but the term can cover other obligations. A debt is created when a creditor agrees to loan a sum of assets to a debtor. Sourced
From Wikiquote under the GNU Free Documentation License.  news.google.com Zawya A steering committee of creditors had asked for Monday's meeting to give an update on debt restructuring at the group and its troubled Bahrain-based ... and more » news.google.com Modesto Bee Questions about debt , financial goals and money values may not be addressed until a conflict arises after the ceremony. And by then, it can be too late. ... and more » news.google.com Wall Street Journal LONDON (Dow Jones)--The debt market for commercial real estate assets is still very liquid, especially for smaller ... and more » From Google News Search: "debt"  credit-card-faq.com 131px x 170px | 8.10kB [source page] Debt consolidation is a simple remedy to overcome credit card debt The best solution to bring back your finances in order is to pay off the debt as soon as possible The question that  networkingnewsletter.org.uk 270px x 550px | 141.80kB [source page] and he underlined the importance of sustaining the campaign and supporting the Government s efforts to secure more commitments from other members of the G8 who alone dictate IMF policies JDC Rappers and Geralk Kaufmann MP Campaigning does eventually yield success as witness in April when after sustained political lobbying America eventually relented and approved the debt From Yahoo Image Search: "debt"  politico.com Victoria McGrane Fri, 14 Aug 2009 20:23:59 GM Geithner asks for support as he pushes Congress to raise the cap on how much the nation can borrow.  homemortgageloansonline.us Home Loans Mon, 17 Aug 2009 00:10:46 GM If you are stuck with too many . debts. , then you should go in for . debt. consolidation loans. The reason for falling into the . debt. trap could be inability to pay back, loss of job, financial recession and downpour etc. ...  flixya.com unknown Mon, 17 Aug 2009 00:10:12 GM This is what happens in a credit card . debt. consolidation process. After you agreed on a plan with a . debt. consolidation company, the . debt. company pays off your . debt. to your creditors. You make a single monthly payment to the ... From Google Blog Search: "debt" |
