A Quote by Seneca the Younger
Whatever we owe, it is our part to find where to pay it, and to do it without asking, too; for whether the creditor be good or bad, the debt is still the same.
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An example of good debt is the debt on the apartment houses I own. That debt is good only as long as there are tenants to pay my mortgages. If tenants stop paying their rent, my good debt turns into bad debt.
The debt settlement company will direct you to stop paying your creditor and instead send the money directly to them each month. The company's goal is to demonstrate to your creditor that you don't have the money to pay up - that's your leverage. After a few months, the company will typically go to the creditor and say, "I'm holding X dollars on behalf of your customer. He doesn't have the money to pay you, so you should take this amount as a settlement or you'll end up with nothing." If the creditor wants to get paid badly enough, it will take the money.
Debt settlement companies work as a middleman between you and your creditor. If all goes well (and that's a big if), you should be able to settle your debts for cents on the dollar. You'll also pay a fee to the debt settlement company, usually either a percentage of the total debt you have or a percentage of the total amount forgiven.
When you default on a secured debt, the creditor takes the asset that backs up that debt. When you convert credit card debt to mortgage debt, you are securing that credit card debt with your home. That's a risky proposition.
Imagine you owe on five credit cards, you owe five debts. So which debt should you pay first? And the answer is very simple: You should pay the one with the highest interest rate first. But that's not what people do.
Bad karma is the spiritual debt one has accumulated for one's mistakes from all previous lives and this life. It includes killing, harming, taking advantage, cheating, stealing, and more. On Mother Earth, when you buy a house, you take out a mortgage from a bank. This mortgage is your debt to the bank. You pay every month for fifteen, twenty, or thirty years to clear your financial debt. In the spiritual realm, if you have bad karma, you may have to pay for many lifetimes to clear your spiritual debt.
The debt of gratitude we owe our mother and father goes forward, not backward. What we owe our parents is the bill presented to us by our children.
The age is dull and mean. Men creep, Not walk; with blood too pale and tame To pay the debt they owe to shame; Buy cheap, sell dear; eat. drink, and sleep down-pillowed, deaf to moaning want; Pay tithes for soul-insurance; keep Six days to Mammon, one to Cant
I'm here to tell you, though, ladies that the term "gold digger" is one of the traps we men set to keep you off our money trail; we created that term for you so that we can have all our money and still get everything we want from you without you asking for or expecting this very basic, instincual responsibility that men all over the world are obligated to assume and embrace. ... KNOW THIS: It is your right to expect that a man will pay for your dinner, your movie ticket, your club entry fee, or whatever else he has to pay for in exhange for your time.
What I have in mind is that art may be bad, good or indifferent, but, whatever adjective is used, we must call it art, and bad art is still art in the same way that a bad emotion is still an emotion.
First in point of time and interest comes the mortgage debt, i.e. the claim for the return of money lent on the security of some tangible object. Such claims are among the earliest fruits of a commercial civilization, and are nearly always affected the same way, viz. by the deposit or pledge of the security with the creditor, to be redeemed or returned on the payment of the debt.
When I had dinner with a friend or a loved one and one of you pays for the check and the other says, "I owe you next time." I like to think that we're eternally even - that they don't owe me anything or I don't owe them anything if you have a connection with somebody or a love with somebody. I like to think that there's no debt to pay. You love each other and you're happy to pay for dinner every time.
The best part is it's a dream come true. I've always wanted to be a working actor, and the good part of it... it's all good! I work long hours, but it's amazing. They pay me. That's amazing! I get to kiss Keri Russell, and that ain't too bad.
Every part of society should honour the debt we owe those who've served our country.
We owe subjection and obedience to all our kings, whether good or bad, alike, for that has respect unto their office; but as to esteem and affection, these are only due to their virtue.
Economic polarization is also occurring between creditor and debtor nations. This issplitting the eurozone between Germany, France and the Netherlands in the creditor camp, against Greece, Spain, Portugal, Ireland and Italy falling deeper into debt, unemployment and austerity - followed by emigration and capital flight.
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