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Debt

If someone was to seek out help for debt, would the bill you owe only include the one sent to the debt collectors? Or could they be bills that you have but can't make the payment?

 
lilma0608

Asked by lilma0608 at 3:12 AM on Oct. 25, 2010 in Money & Work

Level 12 (837 Credits)
This question is closed.
Answers (3)
  • It would include all of your debt - for example, if you're filling out paperwork and they are asking for a total amount of debt, you would include everything sent to collections, as well as any current accounts that you are behind on, any outstanding balances, fees, interest if there is any
    Neelah

    Answer by Neelah at 5:52 AM on Oct. 25, 2010

  • you owe for all your bills. usually a debt reduction plan have you make minimum payments on the least interest or biggest bills with a bigger payment to the smallest bill. When the smallest bill is paid off, that payment is applied to the next smallest bill. As long as you do not continue to create bills, you can get out of debt.
    tortkey

    Answer by tortkey at 4:48 AM on Oct. 25, 2010

  • I would think it would include all the bills, but that would be a question to ask when you are getting the debt consolidated.
    HotMama330

    Answer by HotMama330 at 1:02 PM on Oct. 25, 2010

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