Sentences with phrase «accepting a settlement amount»

Consequently, a credit card company can avoid such a situation by accepting a settlement amount and at least benefit from a percentage of the outstanding debt paid by the debtor.

Not exact matches

Under the settlement, Oyster Bay agreed to accept $ 26.7 million from the county in return for dropping legal claims of more than $ 37 million — the amount the town borrowed to settle lawsuits from Verizon and KeySpan.

Debt settlement companies offer creditors a percentage of what you owe — usually half — and hope they will accept that amount as full payment.

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 procedure of renegotiating credit card debts to a lower amount and setting up a repayment plan that is accepted by both, the lender and the borrower.

The process is known as debt settlement, a totally legal and legitimate approach to negotiating an amount that your creditor will accept where the debt ultimately shall be considered paid in full.

Your letter should also include the amount of the full and final settlement you're able to pay and a statement that if the creditor accepts the offer they will no longer pursue the remaining amount of the debt.

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.

Generally, debt settlement agreements are negotiated by debt settlement companies that convince the lender to accept a lower amount.

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.

Your creditor has agreed to accept a reduced amount and write off the remainder of a debt (a «partial settlement»)

Often times, most creditors (including the IRS) are willing to accept a settlement — which is a partial payment of the total amount due — in lieu of going to court.

If you agree to the terms and accept this agreement, certified funds for the settlement amount of one hundred dollars ($ 100.00) will be sent to Collection Agency in exchange for full deletion of all references regarding this account from my credit files and full satisfaction of the debt.

Some creditors may allow for the structuring of a debt settlement in an installment plan rather than as a lump sum payment, but generally, a creditor will accept a lower amount if you offer a lump sum payment rather than an install plan spread out over several months.

Debt settlement, on the other hand, is where a company negotiates on your behalf in an effort to get your creditors to accept a reduced amount in return for paying off the debt.

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.

Once you have saved a certain amount, the Rhode Island debt settlement company starts negotiating with your creditors to get them to accept a lower payment amount.

If you do not wish to provide evidence of your financial hardship to the creditor, the creditor may still accept a debt settlement proposal, but it will usually be for a higher amount than if you are willing to provide evidence to establish financial hardship.

Keep a master list with all your accounts and these details: the balance before the account went past due, the outstanding balance, whether the account is with the original creditor or a collector, the estimated charge - off date, whether you've offered a settlement, whether the settlement has been accepted, your ideal settlement amount for each account and the total amount of settlement funds you need to accumulate.

The letter should state that the collection agency is accepting the lump - sum payment in settlement of the entire amount you owe.

When enough has accumulated, the debt settlement company will contact your creditors and attempt to get them to accept a much smaller amount, say 10 % to 50 % of the total you owe, and write the rest off as a bad debt.

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.

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

These companies say they will negotiate with consumers» creditors to accept a lump sum settlement for 40 to 60 cents on the dollar for amounts owed on credit cards and other unsecured debt.

Once you've saved up a certain amount of money, the Hawaii debt settlement company will attempt to negotiate with your creditors to accept a lower principal amount.

IF YOU HAVE MAJOR COLLECTIONS >> > SETTLEMENT CAN OFTEN WORK if you get a lump sum of money after being in collections... take that amount... split it up at about 60 percent per debt... offer them 40 % and then they will often talk you back up to that 60 and be able to accept it.

... As a part of the settlement Neteller had to forgo an amount of $ 136 million and had to accept charges of conducting an «unlicensed money transmitting business» and facilitating «unlawful transactions» between online gambling operators and players in the United States.

This is because going to court means accepting the court's verdict and paying the awarded settlement amount.

Survivors who accept settlement offers prior to retaining a lawyer risk losing out on a significant amount of compensation without an ability to pursue it in the future.

Out of court, a judge is not involved in a settlement; rather, both parties have autonomy in negotiating for a settlement amount, and accepting or rejecting settlement offers.

Having recovered over $ 50 million on behalf of our clients, we know how to properly value a claim, and can prevent you from accepting an inadequate settlement amount that leaves you paying for damages out of pocket years later.

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

Fortunately Attorney Thompson was able to negotiate a favorable settlement for the client in an amount more than twice what the client originally told the insurance company he would accept.

If the insurance company offers to settle your claim, we will discuss the proposed settlement with you, and give you our advice about whether or not to accept the amount offered.

Woe unto the lawyer who advises a client to accept a settlement without advising the net amount to be received after deduction of tax.

Pursuant to our phone conversation on [DATE], please accept this letter as confirmation that we have agreed to settle my claim referenced above, in full, for the amount of [AMOUNT OF FINAL SETTLEMENT Oamount of [AMOUNT OF FINAL SETTLEMENT OAMOUNT OF FINAL SETTLEMENT OFFER].

It is critical that injured persons and their families do not accept any personal injury settlements without contacting an attorney to discuss the amount of the settlement offered.

People often accept a settlement offer, only to later discover they accepted an amount far lower than the value of their claim.

Insurance adjusters will try to low - ball you into accepting the minimum settlement amount in your case.

The insurer may attempt to convince you that the amount offered is non-negotiable, leaving you feeling trapped and forced to accept a settlement that isn't nearly enough.

A reliable accident injury lawyer knows the correct amount of settlement and may advise you not to be quick to accept the offer.

While it can be tempting to accept an insurance company's initial settlement offer, we can make sure you get the full amount you deserve and not just the bare minimum.

They'll offer you a lowball settlement, hoping that you'll accept it and save them a substantial amount of money.

An experienced child personal injury lawyer can give you comparison settlement amounts on the spot and help you decide whether or not to accept the settlement offer.

Your insurer will then either offer to cover the full cost of your repairs, minus the deductible, or you will be offered a settlement amount, which you can accept or deny.

Cashless Facility: The insurer may accept the request of the insured for the direct settlement of claim amount as agreed between the Network hospitals and the insurer.

However, a court will typically accept either a waiver of support or any support amount that the parties agree to in the settlement agreement.