Question by gbaby: What is a personal line of credit ? Is it good to use for debt consolidation? Is 18% too high an interest rate?
Best answer:
Answer by kemperk
18 is 18; it is sky high. IT is horrible for anything.
a good rate is my rate of 9.9%
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Question by randommissy: ex boyfriend trying to charge interest on personal debt is it legal?
me and my boyfriend broke up on halloween, and i owe him some money and hes been really nasty to me, there is nothing in writing saying that i owe him money, there is no signature saying it either, from either of us, but yet he is trying to charge me interest on the money i owe him, he doesn’t work in law, hes not a debt collector, nothing, is this illegal?
Because everyone tells me it is, but he is insisting its legal for him to do so, but i cant find anything about it online. someone please help me? 
Best answer:
Answer by SEGERLOVER
sure it’s legal for him to try, but there is nothing he can do about it.
you don’t even have to pay him back, legally, unless he takes you to court and proves you owe him money.
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Question by Stalin B: I need to take a ,000 personal loan, which bank has the best interest rate for this type of debt?
I need it for investment purposes overseas, if there is a better option outthere please share it with me. P.S. I do not own a house, do not have a collateral but I do have have good health, steady income and A+ credit. thanks for your help.
Best answer:
Answer by Nilay
For small business loans or personal loans you may try following P2P – Peer to Peer (or Person to Person) sites:
They are simple and many individuals will loan you money at an interest rate you can afford.
To know more visit the link below:
http://en.wikipedia.org/wiki/Person-to-person_lending
Following is the list of Site / Organizations where you can
seek your money need.
1. you can seek money from
www.Propsper.com.
2. http://www.virginmoneyus.com/PersonalLoans/tabid/54/Default.aspx
3. http://www.lendingclub.com/
4. http://www.zopa.com/
5. https://www.fygo.com/
6. Coming soon:
http://www.loanio.com/
Please note that you should provide a good, honest and detailed reasoning about Why you need money and how and when will you replay it.
Finally here is a nice article with some reviews.
http://reviews.cnet.com/4520-3000_7-6530959-1.html
Good Luck.
-N
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Question by Richard S: I have credit card debt from a business that I closed; can I write off the interest on my personal taxes?
Where do I put this on my personal taxes?
Best answer:
Answer by AB
You can’t claim it on your personal taxes. If you closed your business this year, you will have to file a final return for it and you can claim it then.
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Question by Zero1: How is the amount Americans pay, in personal income taxes, related to the annual interest on the national debt
???
Best answer:
Answer by StephenWeinstein
Strangely, it’s not, at least not in the sense that you are implying. Congress sets the tax rates. They do not automatically adjust according to changes in interest on the debt. Congress should be required to keep tax rates high enough to pay the interest with tax money, but is free not to do so. If the interest exceeds the collected tax, which it usually does, more money is borrowed (to pay the interest), which increases both the national debt and the interest on it.
Some of the interest on the national debt is paid to Americans, who pay personal income tax on whatever interest they receive. The personal income tax on the interest that one receives is, of course, related to the amount of interest that one receives. However, the interest paid to non-Americans (for example, some of the interest on the U.S. national debt is paid to the government of China) does not affect personal income taxes paid by Americans.
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Question by Theandysullivan: Would it be a good idea to take out a personal loan to pay off high interest credit card debt?
I think Im getting charged about 8.99% intrest on my credit card. What kind of interest would their be for a personal loan? Would that be worth it?
Best answer:
Answer by waggy_33
If the interest rate is lower than the credit card interest it could be ok. The problem would be if you kept the credit cards and ran up more debt where would you go then. Burn the credit cards
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Question by Anti_Censorship: Do people realize that personal income tax is unconstitutional and that the money ONLY pays interest on debt?
The Constitution only allows taxes on goods and/or a flat tax for everyone. The personal income tax amendment was never ratified. In addition, all the money our government collects from taxes on your income goes to pay of only the interest (not principal) on our 7 trillion dollar national debt. What do you think about that?
Best answer:
Answer by theodore r
I think your facts are pretty fouled up.
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Question by Tracy J: Where can I get a good low interest personal loan(unsecured) for debt consolidation?
I need to pay off like 5 credit cards,and 2 personal loans. I am just trying to put it all together and lower my monthly payment. Please help me with this.I have pretty good credit i guess but alot of inquiries because 2 car dealerships shotgunned my credit report around.
Please no more scammers trting to give me a loan. Just wanted to know some legit loan company’s that would work with someone
Best answer:
Answer by rod W
By using services from a debt relief organization you will stop receiving phone calls asking you for money. You will pay a fixed rate amount every month which will never go up. You won’t be dealing with your creditors any more. The “debt relief people” will be paying your bills for you, and your credit card company is out.
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BNZ: Property developer bankruptcy in public interest
BNZ wants failed Auckland property developer Patrick Fontein declared bankrupt for debts of about 0 million.But Fontein, developer of Orewa’s Kensington Park housing estate, opposes that and has accused the bank of stalking…
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EANS-News: Symrise AG / Symrise reports double-digit growth in both divisions and in all regions
Group sales grow by 16.4 % Emerging markets account for 46 % of sales Profitability rises disproportionate to sales, EBITDA margin at 22.2 % Objectives for 2010 will be achieved
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Start adjusting bedtimes before it’s time to turn back the clocks
Get ready. Get set. It’s almost time to turn your clocks back. In autumn, the change gives us the lovely illusion of an extra hour of sleep. Unfortunately, we have to give that hour back in the spring.
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