Since the Federal Reserve Notes are evidence of debt how is it possible to be free of debt?

cindy asked: And if the Federal Reserve is all notes evident of debt,and all they have are debts,how do they operate? And what is their collateral?

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How does the stimulus package add to the national debt?

sklemetti asked: In other words, why do people say that our kids will pay for the debt? Pay whom?

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My brother was served a summons for Capital One debt. What happens during the waiting period?

Tinkerbell asked: He was served a summons from Capital One’s Attorney. He wrote a letter for validation of the debt and sent it Certified Mail which they had received on 12/23. Does he just wait to see what their response is? If he should do anything, does filing for motion for disclosure or a Sworn [...]

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How do your kids plan to pay off the debt they will incur due to Bush’s tax cuts?

neil b asked: The Bush adminstration is planning another unfunded buyout of the American public in a futile bid to try t head off a recession caused by his idiotic economic policies.
He has decided to shift the burden onto your children and grandchildren and to charge them interest in the process.
How do your children plan [...]

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What happens if you don’t pay off a debt to a collection agency after so many years?

madamefloof asked: I have a $7,000 debt sitting on my credit report since 2003. It says it will come off in 2010. What does that mean? It hasn’t been updated by the collector since 2003 and I haven’t received notices about paying it since then. What happens after 2010 if I [...]

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What would be better to do pay off credit card debt or vehicle debt?

Hmmm asked: My husband and i would like to sell our place and buy another place,however our debt income ratio is too high right now.
What would be better to pay off to lower our debt to help us move. Would it be better to pay off all our credit card / loan debt or one [...]

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What is the growing trade deficit and the national debt?

minoah asked: When someone buys a toyota for example ,how does that put us in a position to have debt to japan.Is it because of countries who lent the US money by buying government bonds?Please clarify.
I know it is when we buy more imports than exports in value. But that is still unclear.Specifically,why does it [...]

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How to pay off credit cards enrolled in a debt management program?

Rachel asked: I have been in a debt management program with a local credit counseling service for about 8 months. My parents have offered to co-sign a loan so I can pay off the cards. The loan with the bank is a lower interest rate than the cards and will pay them off [...]

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Can being in debt prevent a Netherlands native from traveling to other countries?

Nathanial asked: A friend of mine has been seeing a fellow for awhile now. She lives in the US and he in the Netherlands. He has told her that he is in debt and so the government there has laws that will prevent him from leaving the county to visit. I doubt the validity of [...]

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How much of the national debt was carried over from the Bush Amdinistration?

bdozen13 asked: Bush took office 9 years ago with a financial surplus left by Clinton. In the eight years Bush was president our national debt went up almost three times what is was when he took office. The Obama administration is now showing the greatest national debt in our history. That debt includes a great [...]

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