Can any one help me I need to interview someone for school about debt.?

here%26#039;s is the q%26#039;s-

1. what is the average age of when people go into debt?

2. Is there a such thing as good and bad debt?

3 What is the biggest mistake you can make when getting out of debt?

4 why do credit card companies raise the intertest when you are close to maxing out your limit?

5 why does buying a house affect your credit cards?

6. what is a payroll advance?

7. What is some tips to get out of debt?

8. If kids were made to take some kind of finacial class less people be in debt today?

9. What happen if some tradic happens to you and you can%26#039;t pay back your loan?

10. What is a good tip to tell future generations about debt?

Can any one help me I need to interview someone for school about debt.?

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Can any one help me I need to interview someone for school about debt.?

1. Dont know of an average age but most people these days start getting into debt at 18, cos then yoou can legally.

2. A good debt is someone who pays early or on time. A bad debt may have to be resolved in the courts. CCJ or county court judgement to sieze goods or property to recover the debt.

3. Don%26#039;t offer to pay more than you can afford %26amp; always submit an offer in writing. If the offer is refused you then have a record to show a court and if the judge agrees your offer was fair may even reduce your repayment further

4. Some companies will raise interest to increase profits cos you already owe them. Some will do it so if you ask for help they can offer you an increase on your limit. If you%26#039;re struggling for cash this might sound tempting

5. If a house was lived in by someone who ran up bad debts the property could be %26quot;black listed%26quot; making it harder for new occuppiers to obtain credit for the first few years.

6. A payroll advance is a request to an employer for wages before they are due. Some companies (e.g. CashGenerator) will offer to cash cheques or loan money on proof of employment.

7. Agree a repayment plan you can afford with all your creditors in writing and stick to it. And do NOT be tempted to borrow more to pay off existing loans or credit.

8. Unlikely. All the education in the world can%26#039;t stop temptation.

9. If you took out insurance at the time of the credit then your debts are paid if you are made redundant, unfit for work through illness or killed. The credit repayments would be slightly higher with the insurance premiums. The insurance company are hoping you won%26#039;t need to claim cos then they get to keep your money.

10. Don%26#039;t DO IT. If it%26#039;s worth having pay into a savings account, that way you%26#039;re earning the interest you%26#039;d be paying someone else. And when you%26#039;ve saved the money you might find a better deal elsewhere or find you%26#039;ve changed your mind.

As a side note, we dont offer discount for cash but we DO for cars taken on finance because we get a generous finders fee

Can any one help me I need to interview someone for school about debt.?

1. 18-28

2. good debt is that that is paid as promised and improves your credit score/ bad debt is that that goes unpaid and placed in collections it also damages your credit rating

3. getting out of debt is good but not having some type of open %26quot;good credit%26quot; can prevent you from credit approvals in the future.

4.suggest referring to the credit agreement you signed. not all credit card companies follow this practice but if it is in the agreement that they practice this policy they will/ some companies do this to protect themselves and the higher your balance the greater the risk is for repayment

5.i have never had home purchase affect my credit cards other than paying the cards off to get a better rate from the bank

6. this is a high interest rate short term loan that comes due on the date of your next paycheck. it is usually directly debited from your bank account/ the fees range and are normally never lower than 25% of the amount borrowed

7. call your creditors and or collections agencies involved and attempt to work something out with them. do not give them any information other than the last four of your ss# to verify it is you. they will ask for employment info, bank info etc. mail your payments in/ do not do direct debit/ make sure you stanfd your ground on affordable payments and do not give in to payments that are not realistic for your budget.

8. i believe there should be a required course in the 11th grade that teaches personal finance and budgeting with simulations of good financial situations and bad. similar to the classes they have for having a child and you have to care for the pretend baby

9. always notify your creditors of the situation and call every 2 weeks to give them updates. never leave them out of the loop. on each call make sure to request they enter notes on your covnersation inot your account a simple recorded call is not enough. also follow up with correspondance via certified mail and keep copies of everything! as soon as you are able to send some sort of payments in even if it is less than the normal payment do so to reflect good faith

10. your debt should never be more than 25% of your annual salary and the payments never more than 25% of your monthly net pay(take home). if you want a credit card use it wisely and never charge more than you can pay each month unless it is an emergency. taking your friends out to party or shopping for clothes does not constiute an emergency unless the clothes are a required dress for work.