Debt

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 […]

inability to pay back government debt, or a debt crisis. When a country’s tax revenues fall short of its expenditures for an extended period of time, it is at risk of entering a debt crisis. What happens in a global debt crisis? What happened in Greece and Latin America, as well as in other nations,

There is a general understanding that a debt-to-equity ratio of less than 2.0 is ideal for most businesses. These are the exception, not the rule, when it comes to major enterprises in industries that rely heavily on fixed assets (such as mining or manufacturing). If a corporation has a D/E ratio of 2, it means

Debt owed by the government is the total amount of money that has not yet been repaid by the government at any given moment in the past. Every time a government borrows money from the people, it creates debt, which is equivalent to the total amount of money the government has borrowed over time. The

How much credit you use compared to the amount you have available is known as your credit usage rate (also known as your debt-to-credit ratio). Your credit card balance and credit card limit are taken into account in the computation. In this example, if you have a $5,000 credit limit, your credit use rate is

Overnment debt is the total amount of outstanding government debt that has not been repaid at any point in time. A government’s ongoing debt is equal to its total net borrowing, which may be calculated by adding together all of its previous borrowings. The deficit is the amount of money that has been added to

Do not ignore a letter or phone call from a debt collector indicating that you owe money, and do not ignore it. Credit scores can be significantly damaged by incorrectly putting a collection account on your credit report. Verification of the debt is an option you have if you want to be sure it is

A bad debt is one that cannot be recouped from the debtor. The “Accounts Receivable” category on the balance sheet is credited with the amount of uncollected debt under the provision or allowance method of accounting. The “Allowance for Doubtful Accounts” column on the balance sheet is credited with the same amount as a negative

Deficit is the difference between the money owed and the money received (if negative). Aside from being two of the most often used macroeconomic terms, debt and deficit are also among the most politically significant, influencing legislation and administrative choices that have a wide range of implications for the general public. In spite of their

Delinquency refers to the fact that you’ve missed a payment or two. Default is declared on a loan when it has been in arrears for a predetermined amount of time (typically nine months for government loans). At that point, the whole amount of the loan will be owing. What is considered a delinquent federal debt?