I recently did some business with Wells Fargo for debt consolidation. Today, I found out that my monthly payments are going to be DOUBLE what I was told. Additionally, one of my accounts will be over the limit because of my consultant's poor math skills.
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I took out a big ad in SBC yellow pages because my small biz was doing well and they promised me it would be 100 times better by having an add with them. Well needless to say it slowed way down, and i got like 2 calls from the yellow pages thing. My business then closed and I sold everything off to pay other bills. Now I have no job or anything, and I have this huge bill. What can I do? its way past due, collections call, I dont want to have to go to court and all. Any good debt solution companies? or ways to get this lowered, erased, ect… AHHHHHH please help meeeeeee.
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I am working with a virtual organization in school and have was asked to determine the debt ratio for a specialty foods store. The balance sheet shows Total Liabilities of $746,290 and Owners Equity of $746,290. That would tell me that my answer is 100% – meaning that there is no debt used to fund the business. I do see Notes Payable (long term liabilities) of $630,000. Wouldn't that mean that there is financing involved. – Not sure that it matters but it is a sole propriatorship.
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I cannot find a job that pays more than $15.00 hour. That is not enough to live on by myself so I want to open my own business. I'm 22 years old and I live with my parents. I have no bills and I am not in any debt at all. I have a car that is paid for but worth nothing. I have $35,000 in the bank and my credit score is 740. I'm pretty sure I can get a business loan for an additional $70,000. After $25,000 working capital, this leaves me with $80,000 to start my own business. The problem I am having is that I don't know what kind of business I can open. I have no special skills so a service business is out. That leaves me with retail or restaurant. When it comes to a retail business I draw a blank. I can't think of anything I could do that would be profitable. So I'm leaning towards a small eat-in place. But is $80,000 enough to do this? Does anyone have any suggestions or experience with this?
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i moved into my house in 2001 and the previous owners moved to spain. i believe they had some debts but none of my business! however we did some private deals with furniture etc and we became friends. but we keep getting letters about what i believe to be a credit card debt for them- they have even phoned my home asking for the previous occupant. i do not wish to get them in trouble/debt etc and give the creditors any information on them at all but what are the chances of them finding them in spain (from the UK) are they good at tracing them?
We were friendly at the time and they were very nice and would feel bad about them getting 'caught' despite it being a debt that some peope feel they maybe should have paid- i suppose i am saying i am not asking if morally the debt should be paid, more asking what the likeliness of them being traced to their new home in spain is?
They have been there about 7 years, but may had had contact with the creditors during this time as we had mail picked up be a relative for a long time. we hadnt had anything for a while and i assumed they had given up but today I got a letter from Oarkgate Investigations Burea simplay asking if i had any forwarding information on her.
Do you think it is likely they will find them?
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due to years of misguided and anti american policies by leaders who were elected to represent them….and also due to the fact that the next election will only elect more people who will stay the same anti american course.
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I don't owe any business taxes or employee wages. I have credit card debt, 3 months back rent, and $9,000 owed to the previous owners. My main concern is the $9,000 to the previous owners. A liquidation of my inventory probably wouldn't cover all of my debt, but would probably get me enough to finish paying them off, or close to it.
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I was approached (while I was at a Walmart, nonetheless) by someone who asked me if I was looking for a career in finance. Strange, but this isn't the first time I've been approached like this.He talked about how debt among Canadians is huge, and we spoke for a bit.
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1 A corporation is much larger than other kinds of businesses.
2 A corporation is not responsible for its debts if it fails.
3 A corporation has a separate entity apart from that of the owners and workers.
4 A corporation has officers who are responsible for the business.
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It is a small family business owned & run by my husband, his brother, sister and mother. I have no involvement, nor any interest in the business.
The company has been in the crapper for years and is in debt (ergo, the bankruptcy).
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