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In the past we had crops and mines now we have interest rates and pecentages.

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Q: How is consumer debt different today than in the past?
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What has been the trend of the public debt over the past 20 years?

To just keep borrowing more money money and raising the debt level even further into debt.


If you have a charged off debt past 7 years can a new company get a collection company to collect the debt?

I don't know what state you reside in, or how the debt is classified However, it seems possible that the SOL has expired. Write the company and ask for a confirmation of the debt. Don't do anything until you receive it, and check the SOL in state pertaining to the type of debt you have.


How much do debt reduction and debt consolidation assistance companies charge for their services?

Debt consolidation and debt reduction companies generally charge a percentage of the debt reduction amount and may also include other fees. There are many different companies that offer these services and their charges and fees may vary.


What point can you request a settlement on credit card debt?

Settlement usually occurs when the account is past due and has been closed. You can either try to settle with the credit card company, or the debt collector that the credit company sold the account to.


How can you get your debt lowered?

Getting your debt "lowered" can mean many different things. There are several different methods of reducing the total amount of money you must pay to payoff a debt. Options such as lowering your interest, debt management plans, debt settlement, and debt consolidation could "lower" the amount you pay towards your debt. Check out the links below for more detailed information on these topics. There are many ways to lower your debt. • One way, of course, to start curtailing your expenses and live only on the bare essentials for some time to help pay off your debt faster or find extra income by taking on an extra job. • Another way to lower your debt is going cold turkey on the use of your credit card so that you don't incur any more debt on it. • You could lower your debt by paying off the ones which have the highest interest rates first. • You can also transfer your balance on to a new credit card which charges lower interest rates but make sure that company will not charge you higher rates in a few months! • You can also negotiate with the credit card company which charges you the highest interest rates and request them to lower their rates. Most will agree especially if you have a good credit history for the past 6 months at least. For more help, check the link below.

Related questions

Is consumer debt different today than in the past?

In the past we had crops and mines now we have interest rates and pecentages.


How is consumer debt different than in the past?

In the past we had crops and mines now we have interest rates and pecentages.


How Are Today's lillipop's Different From The Past?

today's are more sweeter and they come in different shapes and sizes


How are boats from the past different from today?

the boats from today use technology


How are managers today different from managers in the past?

Managers today emphasize teamwork


How are football shoes in the past different from the ones today?

Age


How were organisation in the past different from those of today?

because of shaktimaan


How are robots today different from in the past?

They are more technological and a lot more developed.


Are the incas family life the same today from the past?

Nope, they are relitively different,


How is farming today alike and different from farming in the past?

Modern farms use more machinery and less labour than in the past.


Are Puritans still around today?

Yes Quakers are still around today, but they exist in a much different way then they did in past times.


Do you have to pat a collection agency?

Assuming you mean "pay" instead of "pat," the answer is no. However, if the debt is yours - you can be sued for it. And if the collection agency wins, you can have your wages garnished or your checking account. Keep in mind that each state has a different statute of limitations (SOL) for debt, and collection agencies often try to collect on debt that is past the SOL. Once it is past the SOL, you cannot be sued for it.