Sentences with phrase «accept a lesser settlement»

When you accept a lesser settlement amount, the profits are higher.

Not exact matches

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

According to my source * from Bank of America, BofA's collection division is accepting settlements of 30 % or less on many qualifying accounts.

And, if a settlement is negotiated and accepted, you will pay much much less than you initially owed on the account.

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.

Viatical settlements are when terminally ill people with less than two years to live accept less than their policy face value to get the money now, where life settlements involve people ages 65 and older who might live quite a while.

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.

Under a debt settlement arrangement, your creditor agrees to accept a lump sum payment of less than your unpaid debt to resolve fully your debt.

Debt settlement is a process by which you convince your creditors to accept less than full payment for your debts.

Essentially, debt settlement companies may instruct you to withhold any future payments on your account, purportedly to eventually motivate the creditor in question to accept less than what is owed under the principle that «something is better than nothing.»

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.

Debt settlement is when a creditor (or creditors, as is the more likely scenario), agree to accept less than you owe to consider your debt paid in full.

In a debt settlement, the lender agrees to accept less than the full balance of a debt in return for a lump - sum payment from the consumer.

Asking how to convince your lender to accept a lesser payoff is the same as requesting a debt settlement.

Ultimately, while debt settlement services can help negotiate on your behalf and help manage your payments to creditors, not all creditors will always agree to accept less money than they are owed.

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.

A debt settlement occurs when a creditor agrees to accept less than the balanced owed on a debt.

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

Increased savings will provide you with the option to accept lesser discounts and will also enable you to accumulate funds to reach your debt settlement goals more quickly.

Most lenders will accept settlement for less than a debt's full balance, because litigation is expensive and forcing you into bankruptcy would mean they could receive even less.

CRA will not accept a negotiated settlement arranged directly between a taxpayer and Canada Revenue Agency for less than the full tax balance... Read more

Doug Hoyes: But no matter what number you're using and people may be listening and going well I don't believe that 99 % maybe it's a little less, yeah but we already said that debt settlement according to the Canadian Bankers Association is only accepted 10 % of the time.

When you work with a debt settlement company to handle your debt problems, it is possible that they can get creditors to accept less money than you actually owe.

Lenders often will report the debt as «settled for less than agreed» or «settlement accepted» for seven years.

To that end, I would ask that the NFCC require its members who provide «less than full balance» programs or other settlement products to not accept payments, grants or other forms of compensation from creditors.

Above all, we will never let the insurance company intimidate our clients into accepting anything less than a fair settlement in car, truck and other personal injury cases.

They will throw whatever curveball they must to pay you less, from asking loaded questions to demanding that you accept their unreasonably low settlement offer.

The idea behind debt settlement is pretty simple: You ask the creditor to accept less than you owe in full satisfaction of the debt.

Plaintiffs without Trial Insurance may be more amenable to settling early and accepting a less - than - ideal settlement, simply in order to avoid incurring the costs associated with going to trial.

Don't risk accepting a settlement that's far less than what you truly deserve.

If you want a fast settlement, the only way to guarantee it is to accept less money.

Or the insurance company may try to pressure you into accepting a settlement that offers you far less than what your claim is actually worth.

Are you willing to accept a quick settlement that may consist of less than 30 percent of what you'd receive at trial?

Yet walking away or agreeing to accept a less - than - ideal settlement so as not to incur further losses is sometimes the wisest decision.

Merely assigning lawyers to assess a settlement proposal from the perspective of a plaintiff or a defendant caused them to make different recommendations, with those advising plaintiffs willing to accept 10 - to 20 - per - cent less than the expected settlement value.

«The result is that for many of those people who can't wait, they're forced by our system of so - called justice to accept a settlement that is far less than what their case is worth.

He also refused to accept that Levicom would have entered into such a settlement even if they had been given advice as pessimistic as that which they contended Linklaters should have given them, still less if they had been given what the judge concluded would have been «proper» advice.

Presumably situations are then created where the weaker party is compelled to accept a settlement offer that is less than favourable.