Questions tagged [debt]

The debt tag refers to all situations where money is owed to another party, often a bank or other financial institutions. This tag covers how to get out of debt, how much debt to carry, and other borrowing related questions.

Filter by
Sorted by
Tagged with
0
votes
2answers
471 views

Contacted by a debt collection agency in Netherlands but I have practically never been there

I live in Italy, and over the past few weeks I have been finding missed calls by a phone number from the Netherlands; since I have a relative that works there my first thought was that the number ...
0
votes
2answers
434 views

How to gradually invest in real estate without excessive risk?

A friend whom I've known for about 8 years recently asked me for advice and I wasn't sure how to respond. I became curious and decided to see if others could weigh in. Background: He and his wife ...
0
votes
1answer
156 views

U.S. Debt Law: What will/can repo people and banks take from you and when?

I know that this question has a lot of inherent complications, such as state laws and profitability for debtors, but I ask this because there are laws in place to protect people who owe money and I'm ...
0
votes
1answer
272 views

Open Credit Card Debt and Salary needed to not go bankrupt

I'm in a strange situation with close to $150,000 in open credit card debt and currently can't make the next payment. (While they were initially low-ish APR's. They are all at 16-27% APR or higher.) ...
0
votes
3answers
149 views

collateralized mortgage obligations

I was reading a comparative description in between CDO's and CMO's on Investopedia.com and I cant seem to understand the following statement: When the mortgages underlying a CMO are of poor credit ...
0
votes
1answer
307 views

Should I pay the student loan now classified as bad debts

I got educational loan on 2008 from one of a Bank in India. So far I am paying only interest money not principal money for it, but it’s also not regularly, I left some intermediate gap on it. Last ...
0
votes
1answer
146 views

Which student loan is better to make a lump sum payment

I have $15,000 that I am trying to put towards one of my loans. Right now I have two loans $14,000 3.7% variable interest, 10 years, $140 monthly payment $30,000 7% fixed interest, 15 years, $260 ...
0
votes
1answer
54 views

What currency does inter government debt take place? [closed]

For example If japan borrows from china what currency will it borrow in ?Or if India borrows from Russia what currency will the debt take place in ?
0
votes
1answer
179 views

Does settlement of second mortgage count as short sale?

Does settlement of second mortgage count as short sale? Suppose you settle a second mortgage debt (perhaps because the house/home is seriously underwater). That will report to the credit bureaus as a ...
0
votes
3answers
16k views

Why is salary a credit if money comes in? [closed]

I am new to keeping accounts. Today I learned that debit is what comes in credit what goes out Then how can we say that salary gets credited when the money comes in?
0
votes
1answer
173 views

Why do CDO's have a reinvestment period?

If CDO's collect all the cashflows from their underlying assets and then pay them out to the CDO investors whats the need for a reinvestment period? and where is the principal that is being reinvested ...
0
votes
1answer
125 views

how to calculate holding period returns of a bond if they coupon is reinvested?

I was reading a book about debt securities and bonds. There is a way given in the book that calculates HPR of the bond. If an investor purchases a bond at Rs. 104, earns Rs. 8 as coupon, which ...
0
votes
3answers
176 views

Should I Invest While Attending College?

Should I invest a portion of my summer job income this summer, or should I save it all to help pay for my Freshman year in college? I figure since I'm still living at home, it would be best to utilize ...
0
votes
2answers
91 views

1099-C question

I did not work in 2017, and do not have any W2 forms for 2017. I am single, and I have been living on family support, I am currently trying to get disability. I received a 1099-C form in 2017 from a ...
0
votes
1answer
94 views

Approximation of equity value for company in default [closed]

I want to come up with an estimate for where the share price of a company may end up in a bankruptcy/event of default. What is a commonly-used rule of thumb for this? I know it will vary greatly from ...
0
votes
1answer
61 views

Debt management lawyer?

Is there such a thing as a debt management lawyer? I've got delinquent debts. I've got more than enough money to pay off all debts. I want to systematically look over each debt statement (fees, etc) ...
0
votes
1answer
193 views

In debts now, help please [closed]

Im in bad financial situation. I lost my job as admin manager about 7 years ago and since then getting another job has been impossible. I have spent every dime I have and have sold my two cars trying ...
0
votes
1answer
81 views

Easy ways to hedge against debt overleverage and potential inflation as a personal economic agent

Every prediction is correct... at some point in the future. However, there are economical indicators that would be considered teaching points if a financial crisis were to occur at any point in the ...
0
votes
1answer
77 views

Who exactly owns the assets in asset-backed securities?

I'm reading about asset-backed securities and am confused about what actually an "asset" is in that context, and who owns the pool of assets. On one hand, I've read (ref. book Asset Securitization- ...
0
votes
1answer
159 views

What should I do with extra bonus [duplicate]

I've recently been awarded a bonus of 6500 EUR (Net), What would be the best approach for me? Here is what my financial situation roughly looks like. 6200 EUR @ 4,95% (4291,63 still open) 29 months ...
0
votes
1answer
118 views

What happens with a credit card account in Germany after the card is blocked/closed?

I have an everyday account in a bank in Germany and a Visa credit card account in the same bank. At the end of each month the negative credit card balance is automatically balanced by an automated ...
0
votes
1answer
132 views

Transferring personal debt from startup costs and operations to a corporation

For a long time, I've been a one person startup, and have just bundled all business costs - presenting at conferences/travel, office rent, hardware equipment purchases, etc., to my personal account. ...
0
votes
2answers
870 views

F-1 Visa expired - Unable to repay private student loan. What to do?

I was an F-1 student and I graduated with MBA from a top 15 B-school in 2016 and had taken a loan of $85000 (without co-signer). Since my H1B didn't kick in I was forced to quit my job and leave the ...
0
votes
1answer
43 views

Convertible note: instead of equity, convertible into a product. Tax consequence for the issuer?

if a US issuer sells a convertible note which isn't convertible into equity, but convertible into a quantity of product the issuer makes, what are the tax consequences upon conversion? When the ...
0
votes
1answer
125 views

Continued Paying For Home After Bankruptcy Discharged Debt - Can Someone Regain Responsibility?

My mother declared bankruptcy a few years ago, and all of her debts were discharged, including a car that was repossessed, and a house, which she continued making payments on (Was never behind), even ...
0
votes
1answer
101 views

Should I Be Worried About A Government Default? [closed]

Is this actually true and if so, should I be worried about a default since I own quite a few US bonds? I can't see how this is sustainable at all. I asked my financial adviser and she laughed. What ...
0
votes
0answers
55 views

Collecting on a judgement

I was awarded a judgement in a civil court against a company for a fairly large amount (ie 10,000+). The company is Canadian, and in the same province, but not local to my city of residence. Due to ...
0
votes
0answers
29 views

Redemption Date and value of a Debt

In Indian Stock Market, When I searching for Debt Securities I found the following fields. Redemption Date Redemption Amount Conversion Date Conversion Amount What does it mean for? Is the ...
0
votes
2answers
143 views

How to pass on personal debt for R&D to a startup?

I just realized that I've lived frugally for the past year and most of what I make goes into paying off some hasty decisions in 6 digits worth of (now) high APR credit card debt. I've spent quite a ...
0
votes
1answer
73 views

LIBOR and fixed income [closed]

So I am just learning about fixed-income markets and securities, and LIBOR pops up all the time. Why are interbank offered rates used as reference rates in floating-rate debt?
0
votes
1answer
113 views

What has been the worst return ultra-short-term funds have delivered?

What's the worst performance any investor has seen? A 1% drop in value? 2%? I know that liquid funds have seen as much as a 0.4% drop in value in a single day. Since ultra-short-term funds are ...
0
votes
1answer
101 views

What to consider when taking out a student loan from a bank?

I am currently in a bit of a pickle as I am taking summer classes at a University (at which I am a student), and my father was denied the parent PLUS loan which I was depending on to pay rent and buy ...
-1
votes
2answers
89 views

Should I spend upon medication or paying my debt? [closed]

I had fever from 3 days and I am taking medicine (prescribed by my Medical Practitioner). Today I ran out of my medicine. I am feeling much better but not too good. The situation is that I got 600 ...
-1
votes
1answer
131 views

Financial Debt status

I took loan of GBP 4000 in 1996 & then left UK in 1997 without paying. I also used credit card & bank cheques for GBP 6000 but left UK without paying. Are these debts erased from my identity ...
-1
votes
1answer
162 views

Multiple credit cards for one debt? [closed]

Scenario: A person owes $30,000 in school debt to a single entity. The person also has THREE credit cards. Each month, the person pays $500 using credit card 1 towards the debt and $50 (minimum fee) ...
-1
votes
2answers
239 views

Taking a loan from yourself

In general everyone is, for good reason, against having credit card debt. In a scenario where someone is paid a certain sum each month, and wants to spend only a certain amount each month, can he ...
-1
votes
2answers
7k views

What happen if I don't pay credit card and leave the country

I have a credit card debt of $600, five years ago in Newzealand. I left the country from then, now I live in Singapore. Will the Newzealand bankers come to Singapore and ask my bank to take money ...
-1
votes
1answer
989 views

few question about debit credit and liabilities [closed]

i have few question about accounting terms, please help me to figure it out these term and debit and credit flow to our company account. 1) i sold 500$ cost products on account, buyer will pay me in ...
-2
votes
2answers
1k views

What happens when a home is worth less than the amount the owner owes on the mortgage?

I hear that price of a house affects the mortgage on the house. For example if the price of the house goes lower than what is owed, debtors will have a risk to deal with. I am not sure why this is ...
-2
votes
1answer
2k views

Received debt collection notice regarding unpaid college course

A couple years ago, I took a college course at a community college that would transfer to my University. After a week, I simply stopped attending, and didn't return the book I had rented from them. ...
-2
votes
1answer
110 views

Why does low interest rate prevent bankruptcy and foreclosure?

In recent news, there is a saying like low interest rate prevented bankruptcy and foreclosure. I can't get it. This seems only to apply for variable interest rate loans... How is low interest rate ...