mortgage-calc-review.com

Question by yo m: Am i responsible for the debt of my spouse? He took out a personal loan and put our address on there. from CA?
He did it without my knowledge and now the collectors are coming after me instead of him. I feel like I should have no responsibility for it since i did not have knowledge of the loan.

Best answer:

Answer by Ralph N
yes,married people are tied together

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by Michigan Municipal League (MML)

Question by THE GUARDIAN OF FOREVER: In theory, is there some way that a law could be made in the USA where all debt is declared void?
Could the Constitution be ammended to declare all debt, personal, corporate, etc – totally VOID?

Could this be done?

Best answer:

Answer by MavistheMaven
Sure, technically any amendment could be added to the Constitution, as long as it doesn’t contradict an existing part of the Constitution.

Even if they wanted to declare all debts void, they probably wouldn’t do it as a Constitutional amendment, because that’s more for ongoing things, and voiding existing debts would be a one-time thing.

They do have things like tax amnesties or debt forgiveness now and then. I doubt they would ever enact a law voiding all debts, because that would mean that every business owed any money at all by anyone would lose it. Also, individuals would lose what they were owed. And some debts cross national lines, and the US Government doesn’t have control or say-so over those.

Well, I suspect any attempt to do that would be declared unconstitutional, so you’re right, they’d have to do it as an amendment. It would be considered a rescinding of the right to “life, liberty and the pursuit of happiness” – because most debts are someone’s way of eaning a living, so they be taking away the right to life in that sense. I can’t imagine that ever going over.

What do you think? Answer below!

by Michigan Municipal League (MML)

Question by Method To The Madness: Do you think there would be markedly less personal debt in the US if television advertisements did not exist?
In your opinion, do you believe that the number of American consumers that are in debt today, would be a dramatically lesser figure if commercials were never created (whether it be from TV, radio, internet, billboards etc)? Do you think it would even make a difference? Lastly, would you enjoy TV, radio, the internet, and your drive home from work– waaayy more if advertisements were non-existent? Personally, I can not stand someone trying to sell me “the new something” everyday of my life!

[A side note: A recent study revealed that the average American is able to identify over 1,000 + company's (fast food, clothing brands, car makes/models etc) just from a glimpse of their logos, but could identify less than 10 plants and animals native to their own region]

If anyone even answers…I thank you for your thoughts lol : )

Best answer:

Answer by Healed 2nd Account
Oh, heck yes… We had a huge discussion on this topic in Popular Culture (Sociology). I did the test myself, I could identify most of the labels but none of the flowers.

What do you think? Answer below!

by Michigan Municipal League (MML)

Question by Method To The Madness: Do you think there would be markedly less personal debt in the US if television advertisements did not exist?
In your opinion, do you believe that the number of American consumers that are in debt today, would be a dramatically lesser figure if commercials were never created (whether it be from TV, radio, internet, billboards etc)? Do you think it would even make a difference? Lastly, would you enjoy TV, radio, the internet, and your drive home from work– waaayy more if advertisements were non-existent? Personally, I can not stand someone trying to sell me “the new something” everyday of my life!

[A side note: A recent study revealed that the average American is able to identify over 1,000 + company's (fast food, clothing brands, car makes/models etc) just from a glimpse of their logos, but could identify less than 10 plants and animals native to their own region]

If anyone even answers…I thank you for your thoughts lol : )

Best answer:

Answer by Fred
NO,but there would be if you don’t spend what you don’t got.good concept.and so easy.

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Question by sanrun: Are most Americans living beyond their means? Is there, too much personal debt?
In the past 20 years, I have seen a dramatic increase in the amount of credit that is offered. I get at least 2 or 3 credit card applicantions in the mail a week and receive regular phone calls about home equitiy loans and debt consolidation. Back in 1983, I had to establish credit by getting a department store card, before Visa or Mastercard would offer me one. I had a full time job at the time and wasn’t carrying any debt, either! Now, college kids, who work part time can get major credit cards!

I live within my means and do not carry more debit then I can handle if I lost my job tomorrow. We paid our home off in less than 15 years, we had a 20 year loan and made extra payments. I don’t have the numbers in front of me, but we saved a lot of money by doing that! Anyway, my advice to all Americans is to limit your debit and live within your means.

sanrun

Best answer:

Answer by Rhonda
Yes.
Yes.

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by eric731

Question by AO: Are there any loans out there to help me pay for personal expenses?
Are there any quick loans out there to help me pay for summer classes/housing, pay off cc debt, personal expenses?? I want something to go directly into my account, not thru the school cause then I’ll have to wait til August to get a refund/the other money.

Best answer:

Answer by PiggiePants
Banks offer personal loans. Go in to a few and apply.

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Question by ?Special Red Girl™: Is there any way I can get a deferment on credit card & personal loan debt?
I’m stuck in a rut. Disabled & unemployed. No one wants to hire me because they see my Tourette’s tics & get freaked out. I alreadyhave my college degree, & employers overlook that & think I’m just a wacko thinking out of my head. What do I do?

I have credit card debt & personal loan debt from trying to replace my losses from Hurricane Katrina. I’ve been financially struggling ever since.

PLEASE DO “NOT” SPAM ME!!!!!!!!!

Best answer:

Answer by Esmerelda
The only way you’ll know is to ask. Some companies will work with you, some won’t. It never hurts to ask. But cut up the cards. It’s better to do without than to go into debt any further.

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Question by Dawn U: I heard there was an organization of individuals who would do a personal loan for people in debt?

Best answer:

Answer by Growl
It’s called the Mafia. 25% per month interest with penalties (broken bones) if you miss a payment.

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Question by Sandra: do business partners share their debt even though it’s there own personal, education debt?
If business partners each have their own education debt and they start a business together does the debt all get put together and so pay it off together as a whole or do you still see the two debts as separate and so pay two seperate yearly debt pay offs, so pay two $ 2,400 per year (total 4,800) instead of just one $ 2,400

Best answer:

Answer by beardouk
Their education debt will be personal, and not linked through their partnership.

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Question by OK: Is it true that on top of the 14.5 trillion national debt there is another 13 Trillion of Personal debt?
Credit cards, Loans, etc

Best answer:

Answer by Sageandscholar
Just remember, one person’s debt must be another’s asset. So while there may be considerable private debt in the US, it is generally owed to American people and corporations.

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