Debt

If you haven’t made a payment or acknowledged the obligation in two years, a collector or collection agency can’t take you to court or take any legal action against you to collect on the amounts owed. How long can a debt collector pursue an old debt? A statute of limitations governs the time period during […]

It will be interesting to see what the federal and provincial governments have planned for taxation and spending in the following months. There has been a recent disturbing trend in which governments across the country have been accumulating enormous amounts of additional debt. Research suggests that increasing government debt might have negative long-term economic implications.

A rise in interest rates, which signifies an increase in the cost of repaying debt, is usually a sign that the economy is doing well and that inflation is beginning to rise, as the cost of repaying debt grows. Increasing interest rates may be an option for the central banks in order to cool the

It has grown so huge because of government spending programs that aid the economy. The debt ceiling is a restriction placed on the amount of money that can be borrowed by the government. If the government reaches this threshold, it must take immediate action to either increase or suspend the ceiling or lower the national

All final products and services generated by a country in a given year are counted toward GDP. According to this concept, one must estimate the GDP by calculating the entire quantity of spending in the economy. It’s also possible to use the expenditure method to calculate GDP, which takes into account both private and public

When calculating my debt-to-income ratio, how can I include my rental property? GDS or TDS, or both? In other words, how much of a burden does the mortgage payment, rental income, taxes, and heating costs put on your debt-to-income ratio? A: That’s a good one. The basic answer is TDS (the total debt service ratio),

To put it simply, collection agencies are organizations that have been hired by a debtor to try and recover their money. Fees or commissions are the primary means of compensation. Unless there is a mistake, you are being called because you have gone behind on your payments, which is a typical occurrence. The problem will

For fiscal year 2020, California’s debt was approximately 143.15 billion dollars in the United States currency. This is predicted to rise to 172.79 billion dollars by the end of the fiscal year 2026. New York With a total debt of almost $203,77 billion, New York is the most indebted state in the union. The state’s

Debt of the People Over $22 trillion of the national debt is held by the public. 1 Foreign governments hold a major share of the public debt, while the balance is held by U.S. banks and investors, the Federal Reserve, state and local governments, mutual funds, pensions funds, insurance companies, and savings bonds. How Much

Taxpayer Debt Over $22 trillion of the national debt is held by the public. Foreign countries hold a major amount of the public debt; the rest is held by US banks and investors, the Federal Reserve, state and local governments; mutual funds, pensions funds, insurance companies, and savings bonds. How far in debt is the