 Is Credit Debt Killing you? Do you think The Government should stop the predatory practices of some of these? |
| Lenders....... Id say that once you have paid 3 times what you originally borrowed .... then you should be out of debt. But NOT with revolving credit ...... I see way too many people being allowed to ... |
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 What is your jobb?...? |
Ook i'm nearly 16, so i dont have a full time job yet.
But what do you do? Do you like it?
x
Additional Details
Lol, i know job has only one b, i needed to ... |
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 What are my chances of getting a private student loan or a mortgage with these scores.? |
TRANSUNION 622
EXPERIAN 554
EQUIFAX 593
between my two jobs i make about 2500 a month. no big obligations except a rent of 674 per month.... |
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 Are children responsible for parents debt? |
Additional Details
My parents have fallen into great debt, as they always have been. I have put myself through university, and have been working since I was 12, to pay for clothes, ... |
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 I see that about £6000 has been taken out of my bank account in an act of fraud- what should I do? |
This has happened before with this bank so I'm thinking of switching banks.
I stupidly did follow an email and fill in all my details which (in retrospect) probably was the cause- can ... |
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 I don't know what to do about my credit card... pls help..? |
I have one credit card and no other "bad" debt. I have a mortgage, 2 paid off cars and such... my credit has been great.
Last yr my 2 children had a combined 7 surgeries and ... |
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 If I ask collections to remove an item from my credit after it is paid in full, legally can they do that? |
| I was told "you should negotiate that any payment you make will not just be "settlement in full", but that they agree to completely remove the collection from your credit report."<... |
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 My cell phone bill and harrassing collection agency? |
| Ok, i have a cell phone bill from 2005 that i have not paid, and it's not because iam not responsible, it's because i feel this company had been ripping me off, everytime i got my bill and ... |
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 I am in debt about 12 thousand and need help? |
| I wanted to know if there were any companies out there who help me get rid of debt or at least help with my credit score. I am in my last year of college and I do not have anymore money for school. I ... |
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| I recently got a credit card for the first time and I was wondering how does it work? |
| for example I have a $500 spending limit which I have spent when will I get the $500 back do I have to pay it back first or ... |
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| Do Collections/Charge-Offs really just simply fall off a credit report in 7 years? |
| I have done a lot of internet browsing and reading on the subject and it seems that half say yes, and half say no. I am looking for an official answer on the topic. I have a few debts from my early 20... |
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| How many credit cards do you have? ? |
| I was just wondering how many credit cards people have? I have one, but I read somewhere it's good to have more than one. Is there any advantage of having more than one credit card?... |
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 How would you deal with this Collection Agency Problem? |
| I have recently obtained my Annual Credit Report from the Big three Credit Bureaus. This is a similar question to that posted a few days ago by another user. My credit report shows no deliquent ... |
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just mee | What is the meaning of debit and credit? |
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Jeanjean
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Debit and Credit are formal bookkeeping and accounting terms that have opposite meanings and come from Latin. Debit comes from debere, which means "to owe". The Latin debitum means "debt". Credit comes from the Latin word credere, which means "to believe".
Debit is abbreviated Dr., while credit is abbreviated Cr.
"Debit" also refers to the left side of a general ledger account, while "Credit" refers to the right side.
A debit is also (informally) referred to as a "charge."
A debit or credit changes the balance of an account. Asset and expense accounts increase in value when debited and decrease when credited, whereas liability, equity, and revenue accounts decrease in value when debited and increase when credited. This distinction is somewhat counterintuitive, until the nature of those accounts is more closely scrutinized. For example, revenue is coded as a credit. After recording a day's sales, the company will have credited a certain amount in revenue, and since credits are negative numbers, the balance grows more and more negative. An adjustment to revenue would need to be a debit, because its purpose is to bring the revenue totals closer to zero.
It is often assumed that a debit decreases a balance, and a credit increases it, because this is how the terms are used on bank statements and using a debit card decreases the balance in one's bank account. However, this is because bank statements are traditionally written from the bank's perspective, where the customer's account is a liability. By withdrawing money, the customer is decreasing the bank's liability. Since liability accounts normally have a credit balance, the withdrawal of cash from a banking account is reflected on the bank's balance sheet as a debit. |
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RAVI Goel
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debit & credit refers on 3 rules,which are following.
1)debit what comes in,credit what goes out.
2)debit the receiver,credit the giver.
3)debit r all expenses,credit r all gains |
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Ryan D
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"Debit" and "credit" are accounting terms for different columns. The debit column shows money going out of an account, the credit column shows money going into the account.
That being said, that isn't what most people are talking about when they use the term. A "debit card" is different from a "credit card" in that when used, the former takes money directly from your bank account. There may or may not be an intermediary financial institution like Visa or Mastercard, but the end result is the same: the money you spend with a debit card is deducted from your checking account automatically.
A credit card works differently. There, you have a line of credit, meaning you can borrow up to a certain amount at will. The money you spend with a credit card doesn't automatically come from your checking account, but comes from a the financial institution issuing the card. So if you have, say, a Chase credit card, and when you use the card, the money that goes to the merchant comes from Chase. You are then required to pay them back, as they're only lending you the money. As the interest rates for this kind of consumer lending tend to be quite high, there is an incentive to pay off the balance right away. |
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55
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Debit what comes in ; credit what goes out
Debit all expenses and losses ; credit all incomes and gains.
Debit the receiver ; Credit the giver |
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JI
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Credit - money added
Debit - money subtracted |
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laurel
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In simpler terms:
Debit is something being withdrawn from your bank account= a minus to your account
Credit is something being deposited into your account=a plus to your account
If you're in accounting (which if you're asking this question I take it you're not) then it's the opposite...a debit is a plus to the account and a credit is a minus to the account) |
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JerzyDevil
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Unless you meant what is the difference between choosing debit or credit when you make a purchase with your bank card. Choose debit to avoid a processing fee. |
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vratin25
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Debit means in the simplest terms the money leaving out of your pocket/Account.
Credit means the money coming into your account/pocket.
However, it can also be used in other ways to indicate things coming in or going out as in "I would not give him the credit for that kind of brain power, etc." |
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VASU 87
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debit is something what u give to others and credit is something which u get from others.
choose me the best if u like my ans |
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