 I need 25 dollars asap how do i do it ? |
| i need a dress, its 25 dollars and now i have about 0. im only 14 so i cant get a job besides babysitting and that's not going too well right now. any suggestions ?... |
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 I love to save money? |
| and watch my bank account grow each month,are you the same?... |
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 What is a quick way to double my money? |
| i have a job on campus but it only pays min. wage, i have bills and car insurance.... IS THERE A SAFE WAY TO DOUBLE YOUR MONEY WITHOUT TAKING A HUGE RISK????... |
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 Is it o.k. to share my husband's money or is it all his? |
| My husband and I have been married nine years and very poor with two kids living in a home that should have been condemned. He is receiving a large inheritance, has already recieved a small part of ... |
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 11 year old needing money? |
| i need to make money cause i want 2 buy a tv for my room it is like 150 to 250 bucks and i need to make it fast! cant babysit because i cant find ... |
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 I need to make fast money without doing anything nasty,(i know how some of you think), any suggestions????? |
| my car was hit on friday and the driver took off, now my car is extremely damaged and i need fast cash to fix it so i can go to school! anybody no what i can do to make legal legit money?? i already ... |
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| I am self employed and my work has dried up recently and despite applying for 21 jobs and getting shortlisted for most, I have been unsuccessful in gaining employment, I have £25k in loans and ... |
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Busty McGee, you did not have to insult my question. Take your immature answers somewhere else. This is for adults to answer. Consider yourself reported.... |
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| I need a loan with bad credit? |
| I am a 22 year old going out of the mission field to mexico. I am trying to consolidate some debt and pay off $2,000 of debt that I owe and make smaller payments with my salary once I am down there. M... |
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 Whats a quick way to get money without doing any work? |
dont be stupid i want real answers
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i like the stealing ... |
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cassnate | When are you considered "in debt"? |
For example, I took out a school loan. I won't incur interest on the loan until I finish school in several years, and the load isn't due to be repaid completely for 10 years. So, am I in debt right now because I took out the loan, in debt when I am incurring interest, or in debt if I don't have it paid off by when it is due? |
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nickhull
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You are in debt if you owe anything. In the money sense it is when you have an obligation to pay someone back some money at some time in the future.
There are other senses of the word too. You could owe someone a favor - "I'm in your debt."
What you may be getting confused about is whether this debt is a bad thing - maybe shameful or detrimental. Trust me, almost everyone is constantly in debt. Even the richest of people carry a substantial debt load because it makes sense some times to use other people's money. If you could borrow at 5%, but make a 10% profit, then why not borrow and pocket the difference?
You are investing in your future. Your debt will be repaid many times over by your increased earning potential. So congratulations on your wonderful investment :-) |
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Double Dachshunds Owner
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The loan is a debt. Technically nearly everyone is in some sort of debt. Most of us have credit cards or a loan of some sort. 'In debt' is defined in the dicitonary as 'owing money'.
However, when most people refer to being 'in serious debt', they mean that they owe more money than they currently make. |
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Satch JR
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As soon as you signed the agreement to take out the loan you were 'in debt' |
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Mr. Lizard
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You are currently in debt. You just haven't started repayment yet. |
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i and i
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when you owe money to someone else. |
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Scarlet
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I would say that as soon as you take on the debt, i.e. sign up for the loan and receive the money, you are "in debt" and will remain there until the loan is completely paid back. Remember though that student loan debt is not viewed as harshly as say credit card debt. |
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vospire s
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In debt is when you owe money.
You owe money, you're in debt. |
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Yousif (Joe) R
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You are a student in debt...
And so am I...
I owe more money than I will ever make - thats the American lifestyle... |
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Luna
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You're in debt as the other said, but the main thing you want to remember is that there is good debt and bad debt. Good debt is an investment towards your future.
Overall it's good debt because you have invested in your education which in the long run should provide you with a decent-paying career. Bad debt will occur if you don't make the payments when they are due and don't do anything to resolve it getting worse.
Suze Orman explains it this way:
"Bad debt is sacrificing your future day needs for your present day desires. This includes credit card debt and store payments of all kinds. The true cost of that will be your tomorrows. Good debt is when you sacrifice your present day desires to be able to fulfill your future day needs. So, good debt is student loan debt, where you're making an extraordinary investment in yourself. The mortgage on a home, or a business loan to start your dream to be an entrepreneur, is also good." |
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teresathegreat
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You are in debt when you owe money, if you can't pay the money when it is due.
So if you charge something on a credit card, it is not due until the end of the month. Your would not be in debt until you miss the due date. Your balance would carry over, and interest would be charged - that is when your debt starts.
So in this case, I would say your debt technically started the moment you took out the loan - no matter how generous the settlement terms, you still owe money. Practically speaking, I would say the real debt starts as soon as you are allowed to start paying off the loan, as soon as you are charged interest, so in your case graduation.
Don't be foolish by taking the longest time possible to repay the bill - all you do is add on more interest. Your goal should be to pay it off in full as soon as it is feasible. |
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janspence263
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The minute you sign the contract and obtain the funds, you are in debt. You owe the money, regardless of when it is due or when interest begins. If you don't have it paid when due, you are still in debt, and delinquent, and interest will continue on the past due balance. |
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Tundra21999
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Whenever you sign for credit and have used that credit you are in debt |
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Cliff
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Yes - In general it is any time you one one or more persons/companies money - you are in debt to them
Some people consider it when you owe more money than you have (assets/liability). |
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Chrys
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you are in debt, any time you carry debt...
whether it's a loan, a credit card, a house, a car, etc....
if you're asking if it's 'bad' debt, then it's when you spend more than you can pay...so if you're carrying school loans and can't pay them back when they're due, then you're in debt...bad debt. |
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Laissez-Faire Guy
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Well, there's a very strick definition and loose ones.
If you owe money to anyone for anything, technically you are "in debt."
But realistically, I don't consider myself "in debt" even though I have a home mortgage and car loan. The reason I don't is my net worth is positive. If need be, I could pay off my car loan next week because I have stocks I could quickly sell and pay it off. It's just the car loan rate is so low, it would be stupid to do so. I could also sell my home and pay off the mortgage and take a profit.
If I did those things, I could go back to being a renter, with less investments to grow, but I could proudly claim that I am not "in debt."
Debt is not a bad thing at all, provided it's used to buy assets that will grow in value or help provide income, and you can afford to pay it off. Student loans can be an exceptionally good debt to have, because you are investing yourself and your ability to earn future income. |
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Keep On Trucking
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You are in debt whenever you owe money.
So you are in debt right now, even though it is interest free, deferred-payment debt. |
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Deluca - Anti Jonas FANS
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I was told by our realtor friend that you are considered in debt when you owe more than $10,000. So since I just bought a house I guess I'll be in debt for the next 30 years. |
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tikiman
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when u owe money to others |
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Credic J
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If you're current on all your payments then you are not technically in debt... you're repaying loans. I'm not a CPA so I don't know. But if you owe money on CC and rent and such, and are missing payments, then you are likely in debt. |
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