Sentences with phrase «other creditors choose»

Other creditors choose to only report negative information or to exclude important key data points such as credit limits.

Not exact matches

Building good credit for your business may be tricky for one surprising reason: Reporting information to D&B or any other credit bureau is optional... and if the vendors, suppliers or creditors you work with choose not to report that information, it won't go into your credit file.

Providing many of the same benefits as filing bankruptcy, including creditor protection and elimination of overwhelming debts, by choosing a consumer proposal, people with severe debt problems gain several advantages over other forms of debt relief the most significant of which is dramatically lower monthly payments and avoiding bankruptcy.

In other words, the court knows that you're likely to choose to repay them over other creditors.

Perhaps you were worried about keeping your car and chose to pay it off before filing without making payments to your other creditors.

However, choosing a credit counseling service can be difficult, as some companies can be more effective than others in negotiating with creditors, and some companies can ruin your credit score by not paying your bills for several months.

Your credit report and credit score contain key information used by lenders, creditors, and other entities (such as utility companies and potential employers) in choosing whether to move forward with you in a wide range of transactions.

If it is rejected, your Consumer Proposal Administrator will work with you to offer additional terms that your creditors may agree to or can help you choose other options including filing bankruptcy.

If you choose a Debt Management Plan, your creditors may also continue to charge interest and other recovery charges throughout the course of the plan.