wanetta benoit asked:


I have $17,000 in debt and I have heard about debt consolidation. Does this negatively affect your credit rating? Do you get to choose how much you pay monthly or is there a set amount they make you pay? I live in New York, if that matters.

psycho88 asked:


I went to the ER when i was a minor (17 years old) and five years later I got a call from a debt collector collecting on that medical bill. Can they legally make me pay since I was a minor? I am not sure why they are coming after me and not either of my parents for this.
I’m in Oregon, statue of limitations is seven years.

Matthew D asked:


Conservatives tout that the US national debt is an emerging crisis that will soon bankrupt the United States. What they don’t say is that a little less than half is intragovernmental debt. That is, money the US government owes itself. After WWII the US owed 120% of its GDP in public debt. At this time it only owes about 84% and that figure includes the money the government owes itself. Public debt, what money the govermenet owes others, is about 60% of GDP or half the GDP to debt ratio after WWII.
Why do conservatives try to scare people about a problem that does not exist?

Link S asked:


About 13 years ago I incurred a debt with a university. I need to take care of it so they’ll release my transcriptions. The only information they have about the debt is the amount and the agency who originally held the debt. This agency is now defunct. What do I do if it’s no longer on my credit report?

Chuck N asked:


I am waist deep in a bunch of small debts that total around $5,000 not counting $33,000 in student loans. Most of the debts have moved on to debt collection from other company’s but i have tried and been able to make payments to the original creditors. I am just wondering if paying the original creditors rather than the debt collectors would better reflect on my credit.

Im back again asked:


The Debt increased $4.9 trillion during President Bush’s two terms. The Administration has projected the National Debt will soar in Mr. Obama’s fourth year in office to nearly $16.5-trillion in 2012. That’s more than 100 percent of the value of the nation’s economy and $5.9-trillion above what it was his first day on the job.

Mr. Obama frequently lays blame for soaring federal deficits on his predecessor.

sam asked:


I am going to let my house in California foreclose. I have about $28,000.00 in credit card debt. Should I file for bankruptcy? Should I just not pay my credit cards? Or should I continue to pay my credit cards? Is there a certain dollar amount of income you are allowed to make to be able to file for bankruptcy?

Spaced Frehley asked:


By raisilng the “debt ceiling” is that the same as saying “we’re not in debt’ until we reach X amount of debt? What does China and the other countries think of America raising the “debt ceiling”? Is raising the “debt ceiling” a way of putting off the American debt until the next Presidential election? Bush raised the “debt ceiling 7-8 times” and we still inherited a huge debt.

Sasha Davis asked:


The debt is mine, The collection agency is not on my credit report,the amount is not correct, I live in MN where the collection agency is not licensed to collect debt (I called dept of commerce they told me that)the debt is a credit card from 2006. I want them to send a validation letter,but i also want to offer a settlement/payment.

karen s asked:


My sister has credit card debt and they got a judgment. She has a 401k she is concerned about them taking. She’s in South Dakota and I’m having trouble finding solid info on the internet about the laws in that state. Can someone lead me to a good website with this specific info? Thank you.