Debt

When comparing a company’s total debt and assets, the long-term debt to total asset ratio is a measure of a company’s ability to repay its debts. The amount of assets that a company would have to sell in order to pay off its long-term debt is what this metric measures. Short-term (due within a year) […]

lenders prefer a lower than 36 percent ratio of debt to income, with a maximum of 28% of the debt going toward mortgage payments. How is household debt ratio calculated? How much money you make compared to how much you owe is known as your “debt-to-income ratio” (before tax income). If you’re worried about being

IC System Inc., a debt collection service based in Saint Paul, Minnesota, was founded in 1938. There are a number of industries in which it collects debts on behalf of its clients: healthcare; dentistry; educational; utilities; government; financial services; and small to medium-sized businesses. When it comes to collecting debts, IC System is much like

There is a general understanding that a debt-to-equity ratio of less than 2.0 is ideal for most businesses. It is not uncommon for major corporations in industries with a high reliance on long-term investments in fixed assets (such as mining or manufacturing) to have leverage ratios greater than 2. Debt-to-equity (D/E) ratios of 2 show

There is a growing disparity between the pension benefits owed to eligible state employees and the funds set aside by the state to fulfill these future pension payments, which is referred to as the Illinois pension problem. State pension funds have only $85B available to pay out to Illinois pensioners, despite the state’s $214B obligation

It is essential for business owners to tap financial resources in order to grow. Debt and equity are two of the most common forms of funding available to small business entrepreneurs. “Debt” is a kind of borrowing money that must be repaid with interest, while “equity” is a form of raising money through the sale

On behalf of other corporations and banks that have defaulted on obligations, ERC Collections or Enhanced Recovery Company (ERC) tries to collect on those debts. It’s possible that ERC Collections was mentioned on an account that was sent to collections after your original charge-off. Even if ERC Collections has contacted you about an account, you

Government borrowing and unpaid interest is referred to as the federal debt. For the most part, the government gets its money from taxation, but when that isn’t enough, it has to borrow the remainder of its money. Using this analogy, it’s like a family taking out a loan each month in order to pay their

One party takes out a loan from another, typically for money, in order to meet a financial obligation. Debt is utilized by many businesses and individuals to purchase goods and services that they would otherwise be unable to afford. In a debt arrangement, the borrowing party is granted permission to borrow money on the condition

In Florida, the statute of limitations for debt is often five years. If you owe money, a creditor has five years to begin legal action against you. For the simple reason that almost all debts are the result of written contracts. What are the debt collection laws in Florida? Your first lender is referred to