The problem with printing money to pay off the debt is that the more money you put into circulation the more you devalue the dollar. As the value of the dollar becomes less you get more inflation. With more inflation people buy less because they do not have the money to spend on anything except [...] [...more]
Good job on paying off Student loans! It usually takes up to 30-45 days for the credit bureua to update regarding paid items on the report. Regarding the items you said u ddnt know of on the CR, write a letter to the buruea and dispute what it is. I think that if they do [...] [...more]
I don’t agree with your original assumption that the US can not pay off its debt. Also, remember that a lot of that debt is owed to US citizens who have Treasury bills in their investment portfolio. So the government owes us! It also owes the Chinese government, but that’s a great security measure. [...] [...more]
Republicans and conservatives parrot that misguided belief because of the Reagan myth. There’s no historical evidence that it produces an increase in government revenue. Reagan and Bush told you that they cut taxes but that was/is a half-truth. The whole truth is that some taxes were raised (payroll, sales, excise, and also for Americans living [...] [...more]
All American citizens will be required to learn Chinese as their second language, then teach it to our babies as their first language! Just kidding!!! I believe that China did loan us a bunch of money though, so it may not be a joke after all. Everything will be affected in a negative way if we can’t [...] [...more]
Don’t fall for the bait…..7 years is the max. amount of time that bad debts can stay on your credit report per the Fair Credit Reporting Act. Just sit back and let the debt fall off your credit report naturally. Paying back an old default will not help your credit anyway and it can [...] [...more]
Cut expenses more. No dining out, no drinking, no smoking, no partying, no vacations, no presents, no movies, no cable, dump the cell phone, sell the car and get a beater, turn down the thermostat, tun off the lights, no new clothes, take in a roommate or get a smaller place. You also can get [...] [...more]
Yea. nothing compared to other things. government uses taxes to pay this off. people paid about 5% of taxes in that time. so somebody making 500 lost about 25$ and then multiply that by the anybody making that much and with just a city, its paid off already. More information related to debt relief agencies [...more]
If the triple aaa credit rating of US is downgraded, all credit will cease and the country’s economy will collapse. All the government has to do is make the interest payments, and that’s what they do. More information related to bad credit [...more]
It will take awhile, but what you can do is write a letter explaining why you were behind on payments and send to the BBB and they’ll put it on your credit report, now this was suggested to my husband and I when we fell behind because I was taking care of my sister with [...] [...more]
