Question by PrimeConcern: How much mortgage debt is there in the USA? Given all the worries about credit in this country, and subprime mortgages, I was curious as to what the entire amount of home mortgage debt is. There are about 110 million households in the country, with 70% of them owned residences. Let’s say [...]
Archive for March, 2010
How much debt can I incur on my card without getting my lines of credit lowered?
March 31st, 2010 admin
Question by charlotte q: How much debt can I incur on my card without getting my lines of credit lowered? I have no credit card debt and an an excellent credit report. I am going to do a small remodel on my rental property and plan to use my Home Depot card with no interest [...]
Is it illegal to earn interest on unsubsidized loans?
March 31st, 2010 admin
Question by disco_stud61: Is it illegal to earn interest on unsubsidized loans? I’m a student and I get many offers from the government and private companies for subsidized and unsubsidized loans. For those who don’t know, unsubsidized loans are loans where the interest is paid by the government or private company until 6 months after [...]
How old does a debt have to be, before you are no longer legally bound to pay it?
March 29th, 2010 admin
Question by S L: How old does a debt have to be, before you are no longer legally bound to pay it? I remember hearing once that a debt after a certain amount of years, is moot. Does it depend on the state where the debt occurred or you current state of residence? I heard [...]
What is the difference between a finance and a balloon finance?
March 29th, 2010 admin
Question by zak-civic00: What is the difference between a finance and a balloon finance? I’m planning on purchasing the all new mercedes benz glk 2010..and when i checked the pricing online the balloon finance is cheaper than the finance. i just want to know what the difference between the 2 deals are. Best answer: Answer [...]
How can the United States reduce the national debt?
March 29th, 2010 admin
Question by Lag Indicator: How can the United States reduce the national debt? I won’t be able to look at the answers until I’m home from work, but I look forward to seeing how YA users think we could reduce the national debt. It’s well over $ 12 trillion and still climbing rapidly. It’s not [...]
What credit card to get at 18 and not a college student?
March 28th, 2010 admin
Question by Bryce: What credit card to get at 18 and not a college student? I always thought at 18 they love to give you credit cards, I’ve tried Capitol One, Chase, a QT credit card, and a Best Buy one. All deny due to no credit history. I obviously can’t get Credit history if [...]
What caused the home mortgage rates to sky rocket, causing people being unable to pay their monthly mortgages?
March 27th, 2010 admin
Question by Christopher: What caused the home mortgage rates to sky rocket, causing people being unable to pay their monthly mortgages? The recession was caused by people being unable to pay back their home mortgages because the mortgage rates were too high? Banks were not getting their money back from home owners, causing a credit [...]
Is student loan still tax deductable when refinancing a student loan with a personal loan?
March 27th, 2010 admin
Question by Andrew M: Is student loan still tax deductable when refinancing a student loan with a personal loan? My daughter has two very high interest student loans. Her credit won’t let her do anything, but I can “refinance” it with me getting the loan using my credit. But is it still a “student” loan [...]
Is the SOL on credit card debt determined by the state you currently live in or where the debt originated?
March 26th, 2010 admin
Question by GeminiStars: Is the SOL on credit card debt determined by the state you currently live in or where the debt originated? Is the Statute of Limitations on credit card debt, determined by the state you currently live in or where the debt originated? I have a debt that I stopped paying on in [...]
