In a debt consolidation program is it likely that you will be able to obtain additional credit?
What Are Your Chances of Getting Additional Credit While Still in Debt Consolidation?
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Category Archives: Other – Business & Finance
Why Are the Debt to Equity Ratios So High for Banks Compared to Other Companies Generally?
For example, the net gearing ratio (debt-to-equity) for banks like ANZ or NAB are in the high numbers (1000 a touch %). Why is this? How does this high ratio indicate how the bank is the theater financially compared to other companies within the industry or to other companies generally?
What Are the Requirements for Me to Open My Own Debt Collection Agency in California?
What are the supplies for me to open my own debt collection company in California? Are there any laws or licensing supplies? I know I will be subject to the fdcpa, but any licenses i must get first?
Whats Better, Debt Restructuring or Filing a Bankruptcy and Starting Over with Less Debt?
Mortgage restructuring can help but may still be unaffordable with cutbacks and rising costs. Debt reorganizing can still be borderline affordable. A full bankruptcy would alleviate debt but be a unenthusiastic impression on credit much longer. Whats best?
My Bank Sold My Debt to a Collection Company. Do I Pay Off the Debt to the Originator or the Collection Firm?
I have heard that even if I pay off the collection firm, I can still be liable to pay off the debt to the bank that originated it. I was told that if I had the means to pay off the debt, I should pay it to the bank, and then tell the collection agency that the debt has already been off and they need to contact the bank to work out the situation. Can anyone tell me if this is the right way to handle this situation?? Thank you sooo much!