Regardless of your debt servicing ratio, you need to know that you can comfortably afford your monthly payments (both principal and interest) now and in the future and that you will be able to repay your debt within a reasonable period of time.
Not exact matches
At the next application cycle, the applicant's total gross salary may not exceed $ 66,000; however if the attorney's annual net
debt service is greater than or equal to 10 %
of the attorney's current annual gross salary he / she may apply
regardless of the annual gross salary cap.
In addition, should the consumer withdraw their money, the
debt service company would not be paid a fee,
regardless of the work they had performed.
However, more
debt means more risk and
servicing (making payments on) that
debt becomes an obligation
regardless of how the property itself is performing.
Financial guru Michelle Singletary points out in her blog, The Color
of Money, that
debt consolidation,
debt settlement, and consumer credit counseling
services will no longer be allowed to collect fees up front, but are allowed to keep any fees collected
regardless of whether consumers complete their
debt reduction plans.
[80] As a responsible lender, one important role for the Department is to hold all GE programs to a minimum standard that ensures students are able to
service their
debt without undue hardship,
regardless of whether students experience earnings gains upon completion.
Regardless of what they promise you, if you're contacted by any company offering you a
service to get out
of debt by paying a fee in advance, it's a scam.