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The majority don't pay because they can't. Many people have poor money management skills. Others unexpectedly lose their source of income. Still others run into a person situation that incurs massive expenses, like a surgery that isn't covered by insurance, elder care for parents, funeral expenses, etc. Very few people (perhaps 1 or 2 percent) open credit accounts without the intention of paying them back.
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∙ 13y ago
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Formed for the people who couldn't pay the debts?
crack
Who is responsible to pay back debts?
The government is responsible to pay all back debts.
Who is responsible to pay back all debts?
The government is responsible to pay all back debts.
Do you have to pay credit card debts if your name has changed?
Just because your name has changed doesn't mean that you don't have to pay credit card debts. They are still your debts to pay.
What is defaulting?
Failing to pay debts
Formed for the people who couldn't pay the debts?
crack
What is the number one reason why consumers default on their debts?
They do not have the money to pay back their debts!They do not have the money to pay back their debts!They do not have the money to pay back their debts!They do not have the money to pay back their debts!
Which colony was a home for people who could not pay their debts?
Georgia
If You owe money to someone in bankruptcy - will you have to pay it if you can't afford it?
You have to pay your debts...the other persons bankruptcy isn't really relevant...YOU HAVE TO PAY PEOPLE YOUR DEBTS...FIND A WAY TO DO SO. You can't afford other things....your debts you MUST afford.
What colony was formed by people that could not pay their debts?
Georgia owned.
Is it better to immediately pay debts or to invest?
Pay off your debts!
What should people do to get out of debt?
People should pay off their debts and take care of their debts this is th e best way i can tell you By:Aarion Walker
Are adult children responsible for paying foreclosure debts of deceased parents?
They are not directly required to pay any debts. If you are the executor of the estate, yes, if there are assets to pay them with. If the debts exceed the assets, there are some people who will not get paid, including the beneficiaries.
Who is responsible to pay back debts?
The government is responsible to pay all back debts.
Who is responsible to pay back all debts?
The government is responsible to pay all back debts.
Do you have to pay credit card debts if your name has changed?
Just because your name has changed doesn't mean that you don't have to pay credit card debts. They are still your debts to pay.
Are there wealthy people who are willing to invest in helping someone pay off his debts?
Not unless they know them. Financial problems can't be solved by having someone pay off our debts, but by living within our means.
