Sentences with phrase «accept a lesser amount»

Once the collection agency agrees to accept a lesser amount, the status on your credit report updates from «unpaid» to «paid settled,» which is much better for your score.

Some lenders may still agree to accept a lesser amount in satisfaction of the debt, but this could depend on the situation.

You'll have to personally call up the creditor or collections agency to ask if they will accept a lesser amount to satisfy the debt.

This willingness to accept a lesser amount provides consumers with a way out of debt.

Rather than reduce the debt to zero balance on the books or file a lawsuit in court — which requires enormous red tape and, oftentimes, multiple court appearances — many creditors will accept a lesser amount.

First, it's none of their business, but more importantly, if you mention you are getting a settlement, tax return, or borrowing money from relatives, they may be unwilling to accept a lesser amount and press you for the entire debt.

Getting a creditor to agree to accept a lesser amount than what is owed requires skill and experience.

After deciding to get your finances back on track through debt consolidation, you were successful in convincing your creditors to accept lesser amounts to settle your outstanding debt.

Child support is considered the child's entitlement and the parent does not usually have a right to accept a lesser amount.

The mortgage company agrees to accept this lesser amount because it's much easier than going through the process of foreclosing on the home and then having to sell it in order to recoup any money.

Not exact matches

Accordingly, if we accept a greater amount of risk during favorable conditions, and less during unfavorable conditions, we expect to perform strongly - at controlled risk - over the complete market cycle.

Man United are likely to offload Hernandez this summer and could accept an offer less than the amount QPR want for Austin and the Mexican international is certainly a proven Premier League goal - scorer.

Well I for one do not think that Arsene Wenger should be trying to sign the 27 - year old and this is nothing to do with the Napoli chief saying this week that they would not accept any less than the massive amount of his release clause.

Sporting previously wanted quite a bit more for their young player, apparently, and may already have turned down a bid of a roughly similar amount, but the talk in the media is that they are now willing to accept less with just a few days of the transfer window left.

His current club Napoli have said that it won't accept offers of less than # 53 million, which is the amount clubs would have to pay to activate the strikers buy - out clause.

I wondered the exact same thing about the gestational diabetes test, never got an explanation about why it was necessary, couldn't understand what benefit there could be to drinking an amount of sugar that I would never otherwise ingest to see if I had a condition I was unlikely to have that would be treated by following a diet and exercise plan less stringent than what I already did, so I ultimately declined it — a decision which was readily accepted by the CNMs providing care at my hospital's practice.

Nevertheless, the firm has accepted an administrative fine which amounts to far less than the legal fees to continue fighting this case.»

It is well accepted that small amounts of all these vitamins are essential to our life, but less appreciated is the fact that optimal amounts are critical to our general sense of vitality.

Some commonly accepted reasons include the miscalculation of amounts sent as payment, or refusal of an «offer in compromise,» which is a petition to the IRS to accept less than the amount you owe to settle your tax arrears.

Debt Settlement A process of negotiating with creditors to accept payment that is less than the full amount of the debt owed.

Debt settlement is a negotiated agreement in which a lender accepts less than the full amount owed — sometimes significantly less — to legally settle a debt.

If you can get access to a lump sum of money, from a family member or some other source, it's worthwhile to call up a creditor yourself and simply ask whether it will accept less than the total amount you owe if you pay a lump sum.

Most accept less than the full amount.

A short sale is accomplished when an offer is placed on your property that the lienholder (lender) agrees to accept, but is an amount less than the amount owed on the loan.

By contrast, debt settlement relies on your creditors voluntarily agreeing to accept less than the amount that is legally owed.

CRA won't accept debt settlements for less than the full amount owing, but they will accept consumer proposals for less than the full amount owing.

When you're ready to accept your loan, you can choose to refinance less than the requested amount (as long as it's above $ 5,000) or up to 105 % of your approved amount.

Most creditors are willing to accept payments of much less than the balance owed to close out an account rather than lose the entire amount in a bankruptcy proceeding.

It is also possible, under certain circumstances, for a creditor to pursue additional legal remedies even after they have accepted a settlement for a lesser amount.

If you wonder how to convince your lender to actually accept a lesser payoff — the answer is that the lender must be convinced you have no ability to pay the full amount of your debt now or in the foreseeable future.

Some lenders may agree to accept less than the full amount of the shortfall debt by securing part of the debt on a new property as part of your mortgage and writing off the rest.

Often, the creditor will agree to accept an amount that is less than your balance.

The collection agency said they couldn't accept any less than $ 200 and were within their rights to demand a higher amount.

We have years of negotiating experience, which enables us to often times get creditors to accept significantly less than the amount owed, which means we can get bigger savings for our clients.

There are three main reasons the IRS will agree to accept less than the full amount you owe in back taxes:

debt settlement [top] Debt settlement is a process of negotiating with creditors to accept an amount as settlement for less than full balance.

This designates an accepted amount of a home sale that a bank agrees on but which is less than the actual balance that is owed.

The DAS Administrator, or a fee charging money adviser, can ask creditors to accept less than the full amount of the money that you owed them when you started the debt payment programme.

They are informal arrangements in which your creditors agree to accept less than the full amount of the debt in return for your agreeing to give them a part of your income over a fixed period.

Once you've deposited a healthy amount into that account (but far less than what you actually owe), the negotiation firm goes to the creditor and tries to get them to agree to accept that money as payment in full.

It means that the lender agrees to accept less than the amount owed on the account.

That's when the creditor agrees to accept less than the full amount owed.

A short sale occurs when a bank accepts the sale of a property at an amount less than what is owed.

The higher your credit score the less you pay for a loan and the easier (and faster) it will be to get accepted for a larger amount.

All the lien holders must agree to accept less than the amount owed on the debt in order for a short sale to go through.

Most creditors are willing to accept payments of much less than the balance owed in order to close out an account rather than lose the entire amount in a bankruptcy proceeding.

When she accepts her loan, you can choose a lesser amount as well.

As a general rule, CRA will not accept less than the full amount owed when dealing with an individual taxpayer.

All cancellations received 7 days or less prior to arrival will be charged the full amount of their booking and guests accept we are entitled to charge their credit card for outstanding balance.

If a debt is greater than the limit but the creditor will accept an amount equal to or less than the limit as full payment, the creditor can still go to Small Claims Court (for more information on Small Claims Court, see the PLEA publication Small Claims Court).