Personal Finance Questions and Answers

How do I set up a paypal story, and what details would I have need of to present out?

Do you also have to be a sure age (ie.18) before you are properly allowed?)


Answers: You don't need anything to unfurl one PayPal account, although you call for to be 18+ and you should have a Credit Card and Bank Account to verify your article or you can't withdraw or dispatch money to anyone else. For more information, you can contact me, hope you know how to get me.

Hi, does the "statute of limitations" apply to credit card debt? and if so, what sort of time period is invol




Answers: Nope, it sure doesn't. The worst part is that the credit card company can write off any debt you haven't paid them, then turn around and send your account to collections. Once they get there, the collections company can sell off your account to another collection agency and so on and so on. they can keep coming after you since it is a new account to them.

If you have issues with credit card debt look for a non profit consumer credit agency in your area and they can help you work with the company to pay off the debt, and a legit non profit agency doesn't charge you a penny to help. Good Luck
The Statute of Limitations *does* apply to credit card debt. It starts to run the last time that you made a payment and/or validated the debt.

For example, in Pennsylvania, the SOL for a credit card debt is 4 years, so the credit card company would have 4 years from the date you last made a payment to file a law suit.

Use a guard or a legal representative to form a Trust?

I want to set up a Revocable Living Trust. My bank and several local Attorneys submission this service. Is one better than the other?

Thanks


Answers: Trusts are legal documents. Banks are not lawyer. Do not go to a wall to draw up the kind of trust you're interested surrounded by. They will not know all the legitimate ins and outs of it, nor will they be abel to give you appropriate explanations give or take a few the finer points. Go to an attorney who specializes in estate planning, i.e. wills and trusts You will also want what is call in some places a pour-over will. This is so you can cause distribution of everything else in your estate specifically not included in the trust: things close to personal possessions, cars, jewelry - generally stated "stuff". The trust and the will should be done at one and the same time. Also, do not go to financial planners for trusts and wills. They are not lawyer are should not be giving legal direction or instructions.
Personally, I would do neither and consult a financial planner. They can assess your situation and point you in the right direction for what considerate of Trust would work best for your situation and point you in the right direction.

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