What problems arise out of excessive debt and inadequate saving, and how might the government might correct this?
Need some help with the above question. I dont even know where to start
Any suggestions of journals or journal articles i might read.
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Penny H asked:
My family and I had an unplaned birth, and our now overwhelmed with medical expenses and the new expenses from the child. Since we did not have health insurance we became overwhelmed with bills. Over the last couple of years we have fallen progressively farther behind on our credit card bills. We have not made a payment on some of the cards in over nine month. Utlimately, besides lowering our credit score, is the consequences of not paying the cards. Can the creditors take our vehicles? Take money from our bank accounts? Garrnish our wages? We are very worried about our debt and would like to pay the debt off, yet feel very intimidated by the whole process. Thanks for any help justlilolme asked:
My fiancee had a home in another state that ended up in foreclosure. Now his credit score has suffered. What is the best and fastest way to try to reestablish his credit? Before the foreclosure his credit score was great. He also owns the home we live in and is current on all his bills. Kashmir_Zepp asked:
I refinanced my primary residence in 2007 (only the principle / no cash back / no debt consolidation, etc.). My 1098 from the original note holder did not include all the mortgage interest paid – only that through the payoff date. The 1098 did not include the accrued interest since the payoff date was prepaid and the actual payoff was made. This is result of mortgage interest being paid in arrears. My account statement with the original note holder identifies this activity. I paid all the interest, but for some reason it was not included in the 1098. The lender has not been helpful. The new note holder (or seller) did not pay any interest, so that is not applicable. Any assistance is greatly appreciated. Tony G asked:
just wondering. my mom has a trailblazer and my dad has a lumina. they already have full coverage. my question is do they have to add my the insurance or since i have my drivers lisence i can start driving. my mom said that im already insured because it already has full coverage is that true or does she have to add me or what??? Mary Beth T asked:
Ok I was in a car accident and I got behind on my credit cards (which I should have never had in the first place). I probably have close to $5,000 in debt and I am wanting to find the best way to get out of it. I also would rather pay one montly payment. Would a bank give me a loan to pay off the credit card companies? This would be easier for me to just pay one huge amount each month instead of so many individual payments? Also since I have late payment charges will this effect my status? Any who please help me with any advice you might have… Steve asked:
I guess they think that being able to pull out of the child only insurance market is fair? The insurance companies’ concern that some parents refusing to cover children until they get sick is valid. So, establish an open enrollment period, where you can only sign up for insurance during that time frame. Pulling out of the child-only insurance market sure isn’t fair – to the children that is. But, Republicans aren’t screaming about that. Does that mean they’re on the side of the insurance companies and not the children? |
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