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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.


How can I remove old debt from my credit report?

To remove old debt from your credit report, you can start by checking the statute of limitations on the debt in your state. If the debt is past this limit, you can dispute it with the credit bureaus as "time-barred" and request its removal. You can also negotiate with the creditor to settle the debt or pay it off in exchange for them removing it from your report. Additionally, you can work with a credit repair agency to help you navigate the process.


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.

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.