https://padlet.com/jennimejia0619/ukhrmq3w8zo1 Including at least 3-4 cited references to the reading, imagine that you or someone that you know has a specific debt (you determine the amount) that you/he/she is currently unable to pay. What will happen as a result? What can you/he/she do to create a plan in order to pay off the debt? Write out the specific plan, including amounts based on what you determined. How long will it take to pay off the debt? en-us 2017-04-28 18:17:26 UTC 2025-10-25 22:50:16 UTC hello@padlet.com jennimejia0619 https://padlet.com/jennimejia0619/ukhrmq3w8zo1/wish/169324714 College debt of $10,000
“Debt is usually granted with expected repayment. In business transactions, this typically includes repayment of the original sum, plus interest” (Pg. 7).]]> 2017-05-02 03:00:58 UTC https://padlet.com/jennimejia0619/ukhrmq3w8zo1/wish/169324714 jennimejia0619 https://padlet.com/jennimejia0619/ukhrmq3w8zo1/wish/169432726 -Bankruptcy 
“Personal bankruptcy also may be an option, although its consequences are long-lasting and far-reaching. People who follow the bankruptcy rules receive a discharge — a court order that says they don’t have to repay certain debts. However, bankruptcy information (both the date of the filing and the later date of discharge) stay on a credit report for 10 years and can make it difficult to get credit, buy a home, get life insurance, or sometimes get a job" (Pg. 9).
-Your Credit will be Impacted 
-Your Applications can be denied 
-You may pay Higher Rates 
-Hard Time to get a Job 
-You can be Sued ]]> 2017-05-02 14:22:23 UTC https://padlet.com/jennimejia0619/ukhrmq3w8zo1/wish/169432726 jennimejia0619 https://padlet.com/jennimejia0619/ukhrmq3w8zo1/wish/169451743 1. Write down any money that I get
2. Write down any money I use
3. Create a Budget
(This debt will probably be pay off in a couple of years)]]> 2017-05-02 15:20:12 UTC https://padlet.com/jennimejia0619/ukhrmq3w8zo1/wish/169451743 jennimejia0619 https://padlet.com/jennimejia0619/ukhrmq3w8zo1/wish/169454812 “If you’re struggling with significant credit card debt, and can’t work out a repayment plan with your creditors on your own, consider contacting a debt relief service like credit counseling or debt settlement. Depending on the type of service, you might get advice on how to deal with your mounting bills or create a plan for repaying your creditors" (Pg. 8).]]> 2017-05-02 15:28:15 UTC https://padlet.com/jennimejia0619/ukhrmq3w8zo1/wish/169454812