How do i find out how much debt i owe?
I tried looking at my credit score but there's things that's on there that i did not pay off that says closed and there's things not on there like my school loan from this year...
I can't remember the debts I owe? (Islam)?
Assalamu 'alaikum, I have recently been reminded of the seriousness of debt in Islam. I know I have many debts, many of which were from the time when I wasn't very religious, and I can't remember how much I owed or the lenders. How can I possibly settle all my debts when I can't remember them? Is it sufficient to repent and promise never to do it again, will it be accepted? Thankyou very much for your advice.
What happens to debt that you owe to a dead person?
It depends on the nature of the debt. If it is a formal debt, such as a contract for deed or a mortgage, the estate of the deceased will likely continue to collect on the debt. You will likely be contacted by the executor of the deceased estate to discuss payment of the debt. It will be up to negotiation between you and the estate executor (or survivor, if there is no executor) to determine what the payment will look like. You may be able to settle the debt, or the estate may look to resume regular payment arrangements. If it is a significant debt it may be wise to engage an attorney, but that isn't required. If it is an informal arrangement (if you borrowed $500 in cash, for example) it's likely you won't pay it.
Can I join the army with debt?
Debt will not keep you out of the military. If it did there would be no officers since they are all (well, most of them) in debt with student loans. I joined the military and had debt, and many others do too. The only one that may cause any kind of problem is the money you ow unemployment, but that won't even be an issue. Out of curiosity, how do you end up owing money to unemployment???
I owe 100k credit card debt and i make 7000/month how i can pay off my debt with all this 29-35% interest rate
NO DO NOT FILE BANKRUPTCY. TERRIBLE ADVICE. Before you do ANYTHING, listen to this man for free, on the radio or online, daily, and you will find your way out of this. The numbers are doable. This is like getting financial wisdom from Bill Gates, except this guy has a radio show. He took a call about identical to yours this week. I will say that just this single audio clip CHANGED MY LIFE when I heard it. Half way down click "Listen to Dave". JUST listen. http://www.daveramsey.com/tdrs/index.cfm/2007/9/17/Getting-rich
What if I owe a debt, and I can pay it in full, but the creditor affords me no avenue to pay it?
You want to be able to prove that you attempted to pay.Typically, under these circumstances, you would send your payment (in the form of a check or similar instrument) to the last known address that you have.You want to get proof of mailing from the post office, showing the address you sent it to and the date you sent it. For a few extra dollars, you can send this with return receipt requested, so it’s probably worth it even if it isn’t necessary.If you have no last known address, and the creditor is a corporation, you can obtain the legal address from the secretary of state where the corporation is registered. These are mostly all online. Even if they are not a corporation or an lLC, they may be registered with the local government (city/town/county) which would also have a valid address for them.
How could I collect the debt if the person who owes me money suddenly died?
These are the general principles in general law:—The debt dies with the debtor. The debt no longer operates on the demise of the debtor. In short, you write off the debt.The creditor (you) sues the estate of the deceased for recovery of debt. Your legal action in effect puts a lien (a link, a connection, a right) on the estate’s assets or properties to be used (or caused to be used) for debt recovery.Part payment of debt is not full settlement of debt. This means if the debtor has repaid part of the debt to you, you can still recover the remaining sum as per the two general principles above.Now that you know the general principles, we can move on to your scenario:—The debtor’s survivors have rights. They are in their right not to recognise the debtor’s debts to you because it was a matter between you and him, not between the family and you. That is their case.You have to make a case for suing the estate (General Principle #2), so that the survivors have to recognise your rights vs. theirs.The first necessary evidence in support of your case is if there’s a written loan agreement between you and the debtor. If not, you’ll have a hard time suing, let’s put it that way.If the debtor has partially paid off his debt in the past (preferably with the above agreement), you can use that as evidence in support of his intention to continue paying off, so that you have a better case for a lien on his estate. If not, then you’re basically back to General Principle #1 (the debt dies with the debtor). It isn’t impossible to sue, but it will be harder.So that’s the overall picture of your potential litigation.Fair warning:— If the debtor has little or no apparent assets for debt recovery purposes, then you may well be suing a “strawman.” For that possibility, sorry, life sometimes is just bad luck and you’d be better off writing the debt off.
I owe $20,000 in credit card debt and my only income is social security. I have no assets. If I cannot pay what can companies do to collect from me?
Credit card companies and collection agencies will go follow their normal process:CC provider will send your account to collections (either in-house or 3rd party)If they are unable to collect then your account will be charged-off and sent to another collection agency.If the 2nd agency is unable to collect, then your account will be sold to a debt buyer.The debt buyer will attempt to collect from you and might even sue you in court.If you are sued, then you should go to court and explain your financial situation.If a judgement is made against you, there should be nothing to worry about since they cannot take any of your SS money.Regardless if you’re sued or not; the collection efforts will likely continue, i.e. calls and letters. This is just in case you come into some money that isn’t SS.Your best plan of action is to contact your CC provider, if they still own your account, and explain your financial situation and ask them where you can send documentation, i.e. list of any assets, bank accounts, monthly expenses, total debt.Remember, communication is always the best approach to debt.