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Question by Mikeohhhh: Do you think Republicans should vote to raise the debt ceiling when the new congress is convened in January?
Should the Republicans vote to raise the debt ceiling above 14.3 Trillion dollars? If so, what should Republicans negotiate for in exchange for increasing the debt ceiling?
Best answer:
Answer by Primo
No. We need to start lowering our debt
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Question by Hollo: How many kinds of federal student loans are there?
How many kinds of federal student loans are there besides Perkins, Stafford and PLUS Loans? When do you apply for the loans?
Best answer:
Answer by jjc92787
Try to avoid loans if possible. You end up paying much more than you were given. Use grants and scholarships instead since those do not need to be paid back.
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Question by KrisTina Marie: What is the approximate total debt ratio for a firm with a total debt to equity ratio of .65?
What is the approximate total debt ratio for a firm with a total debt to equity ratio of .65?
Best answer:
Answer by Brandon S
Hi, I don’t have definite answer. I’m not sure if enough information is given, but this site should have some interesting informaion on Debt Reckoning for you.
Cheers,
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Question by Brynn: How do you find various characteristics of a mortgage?
I need to know how to calculate the value of a mortgage from the asking price when you pay a 15% down payment. I also need to know, given a 3.5%/year interest rate over 15 years, how to calculate the equivalent interest rate per month and the monthly mortgage payment
Best answer:
Answer by Eddy T
The estate agent and the mortgage lender.
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Question by MSB: Is requesting an increase in a credit card limit treated the same as an application for new credit for FICO?
I know that applying for a new card will reduce my FICO, and that increasing credit limits (while keeping debt amounts constant) will increase my score – but this would not be the case if requesting the increase in credit limit is treated as a new credit card application?
Best answer:
Answer by GILMEISTERA
no
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Question by crazyskyblue: What happens to restaurants in debt that close?
I’ve been watching Kitchen Nightmares a lot. All the restaurants are in debt and most of them ended up closing after the show was filmed. If you Google them, you’ll see that a lot of them closed. What happens to the debt? Do the former owners still have to pay it off or do they have to file for bankruptcy? Some of them say they are a million dollars in debt. What typically happens?
Best answer:
Answer by cainvest1
Restaurant equipment is usually pledged against the loan and sold. Sometime the lease rights as well. Very high failure rate in that business so the banks usually work to protect themselves. Often time co-signers and angel investors lose it all.
What do you think? Answer below!
Question by xearf_09: What’s the difference between finance and accounting?
Also, what should I know about finance if I chose to major in it? For accounting, I know that it’s good to have a 3.0-3.5 to get a good job. Also, that I would need 150 credit hours to sit for the CPA exam. Well what about finance? Anything important about that field I should know?
And what’s the difference in the two.
Best answer:
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Question by alizarinlily: What happens when a lender is repaid an old debt long after they sold it to a collection agency?
I have a bunch of negatives on my credit report and I am in a position where I can pay back my debts. I want to pay back the original lenders not only to assuage my guilt, but also to make a deal to delete my negative info. If I pay back lenders in full, what happens to the collection agencies that are on my report that “bought” the debt? Do I inform the credit agencies to investigate? Do I ask the lender to help? (Why would they want to?) Does it just go away? I’ve searched everywhere online and at the library and I can’t find the answer. Thanks in advance for your advice!!
Best answer:
Answer by SpeedyTV.com
They’ve probably already written it off if its very old.
I’d get a letter from them showing that you’ve paid. Also send whatever info you have showing payment to the collection agencies.
It takes 7 years for bad marks on your credit report to go away. Your credit report will eventually show paid with however many months/years of non-payment– I’d press them to do this but they should do it by themselves.
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Question by Blg105: How do you allow a credit card to look at credit history if there is a fraud alert on your account?
I jus applied for a credit card and still have a fraud alert on my credit. I want to allow this credit card to look at my credit. The credit card told me to contact someone to tell them to allow Chase to have access to my account. I don’t know who to contact, i’ve tried the big 3 bureaus and am not getting anywhere with them in terms of recordings, i would like to talk to a representative.
I understand a company will look at my credit report. With this alert though company’s can’t approve anything. For Ex: I got a couch on from a new credit card and had to answer personal questions on my history (past address’s, etc) before they would approve it. The chase worker “Richard Kololojfadjf”, didn’t understand me when I said I wanted to make sure this application was really ME and that when it was reviewed the fraud alert would be removed. It’s hard talking to a foreign workers sometime on credit card matters.
Best answer:
Answer by scubalady01
Someone gave you some bad information. The credit card company that you applied with can look at your credit history with each of the credit bureaus. They do it all the time. If you ever get a copy of your credit report, you’ll find that companies looked at your report that you’ve never even heard of.
The minute you apply for a credit card, you automatically authorize them to check you out anyway. So no need to worry about it.
Oh.. and yeah, trying to get a live person on the phone at the credit bureau is about as likely as getting struck by lightning on the loo.
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