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  2. Debt settlement - Wikipedia

    en.wikipedia.org/wiki/Debt_settlement

    A portion of each payment is taken as fees for the debt settlement company, and the rest is put into the trust account. The consumer is told not to pay anything to the creditors. The debt settlement company's fees are usually specified in the enrollment contract, and may range from 10% to 75% of the total amount of debt to be settled. [13]

  3. Funding Act of 1790 - Wikipedia

    en.wikipedia.org/wiki/Funding_Act_of_1790

    The Funding Act of 1790, the full title of which is An Act making provision for the [payment of the] Debt of the United States, was passed on August 4, 1790, by the United States Congress as part of the Compromise of 1790, to address the issue of funding (debt service, repayment, and retirement) of the domestic debt incurred by the state governments, first as Thirteen Colonies, then as states ...

  4. Compromise of 1790 - Wikipedia

    en.wikipedia.org/wiki/Compromise_of_1790

    Hamilton proposed to pay off the new bonds with revenue from a new tariff on imports. Jefferson originally approved the scheme, but Madison had turned him around by arguing that federal control of debt would consolidate too much power in the national government. Edling pointed out that after its passage in 1790, the assumption was accepted.

  5. National debt of the United States - Wikipedia

    en.wikipedia.org/wiki/National_debt_of_the...

    According to the OECD, general government gross debt (federal, state, and local) in the United States in the fourth quarter of 2015 was $22.5 trillion (125% of GDP); subtracting out $5.25 trillion for intragovernmental federal debt to count only federal "debt held by the public" gives 96% of GDP.

  6. Debt relief: Pros and cons - AOL

    www.aol.com/finance/debt-relief-pros-cons...

    Settlement fees differ depending on the company but will typically range around 15 percent to 25 percent of the settled debt amount. Keep in mind that settlement companies can also charge you for ...

  7. Explainer-What is a government shutdown and what is the debt ...

    www.aol.com/news/explainer-government-shutdown...

    Doing so will add about $4 trillion over the next decade to the U.S. federal government's current $36 trillion in debt, tax experts say. ... GDP growth by around 0.15 percentage point for each ...

  8. Debt restructuring - Wikipedia

    en.wikipedia.org/wiki/Debt_restructuring

    A householder unable to service his debt on a $180,000 mortgage for example, may by agreement with his bank have the value of the mortgage reduced (say to $135,000 or 75% of the house's current value), in return for which the bank will receive 50% of the amount by which any resale value, when the house is resold, exceeds $135,000.

  9. There Are Two Sides to Every Debt - AOL

    www.aol.com/news/two-sides-every-debt-130500420.html

    Do you know what we call it when you have income but not enough to pay your obligations, so you go through a legal process by means of which you don’t pay the full 100 percent but some lower ...

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