Sentences with phrase «act as a creditor»

CDs are investments in which you act as a creditor, lending your money to a financial institution in return for interest payments based on a fixed rate of interest.

Proposed § 1026.19 (e)(1)(ii) would have provided that a mortgage broker may provide a consumer with the disclosures required under § 1026.19 (e)(1)(i), provided that the mortgage broker acts as the creditor in every respect, including complying with all of the requirements of proposed § 1026.19 (e) and assuming all related responsibilities and obligations.

Creditor comments indicate that creditors and settlement agents have long - standing, deep relationships in which settlement agents act as creditors» partners in the closing and settlement process.

Not exact matches

On January 15, 2015, Target Canada Co. and the Additional Applicants listed below (collectively, the «Applicants»), together with the Partnerships also listed below (the «Partnerships», and collectively with the Applicants, the «Target Canada Entities») commenced court - supervised restructuring proceedings under the Companies» Creditors Arrangement Act, R.S.C. 1985, c. C - 36, as amended (the «CCAA»).

An investigative firm comprised of developers and Mt. Gox creditors released a report outlining that BTC - E acted as an exchange to launder the stolen Mt. Gox coins.

Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.

As a primer, the Equal Credit Opportunity Act makes it illegal for a creditor to discriminate in any credit transaction against any applicant because of race; color; religion; national origin; gender; marital status; age and more.

The hardship letter to creditors should act as a proposal that requires acceptance from them.

UNDERSTAND YOUR ROLE IN THE PROCESS Once you obtain your clients credit reports, you can then work with that client to correct any mistakes, acting as the intermediary between them and the credit bureau or creditor.

Debtors with financial dilemmas run into the arms of debt management companies to be rescued and act as the subordinates between them and the creditors.

Most likely what will happen is the late payment will not be removed and you will get a letter from the creditor stating that after careful research it has been identified that the current reporting is correct and the Fair Credit Reporting Act Law will not allow them to change that information as it would be incorrect and thus against the law.

If you have negative accounts that have already been paid, the best strategy is a goodwill letter where you simply ask the creditor to remove the negative item as an act of goodwill.

The debt settlement firm, amongst other things, will act as a middleman between you and your creditors, help you accumulate the money for your settlements and negotiate and pay the settlements when the time comes.

Anyone you owe money to, including us, can file a creditor's petition if you have committed an «act of bankruptcy» (such as failing to comply with a bankruptcy notice) within the preceding six months.

Nearly all retirement accounts that are governed by the Employee Retirement Income Security Act (ERISA, as it is called), including pensions and 401Ks, are not assets of a bankruptcy estate because they almost all universally contain an anti-alienation clause that protects them from the reach of creditors.

Before you agree to act as a cosigner on anyone's creditor accounts, discuss the expectations you have with the other person and seriously contemplate the possibilities of your involvement in someone else's account.

We are all too familiar with these tactics and have developed the best known plan of action to make sure the creditors as well as the credit reporting agencies adhere to and abide by all the rules and regulations of the Fair Credit Reporting Act.

The creditor is not allowed to mess with your credit rating, report you as delinquent, accelerate your debt, or restrict or close your account because your bill is in dispute or you have used your Fair Credit Billing Act rights.

Bear in mind that this diary of phone calls is not admissible in court, but it can act as a reference when compiling the case against your creditor.

We act as a liaison between you and your creditors.

While its Credit Experts work directly with creditors and the bureaus to dispute items and help repair your credit, the Pyramid Account Managers act as mediators between the experts and you, the client.

Under the rules of the Consumer Credit Act 1974, your creditors will usually have to keep sending you annual statements, as well as arrears and default notices in a set format.

A lawyer working for a debt collection company or creditor must abide by the Fair Debt Collection Practices Act, a federal law governing the conduct of debt collectors as they attempt to collect debts.

There are thousands of companies who focus on acting as an intermediary between consumers and creditors and assisting them with negotiating favorable debt settlement arrangements.

This refers to the real estate experts who acts as a link between mortgage seekers and creditors.

The role of the LIT is similar to a referee; the LIT's statutory duties owed to both creditors and the administration of the consumer proposal process prevent them from acting as a financial advocate for a consumer struggling with overwhelming debt.

The trustee's role in the process is to act as a sort of referee, ensuring that both the debtor, and the creditors, are treated fairly and evenly.

The truth in lending act applies to individuals as well as businesses, and four conditions must come into play: the lender must offer credit to the customer; the entity must make offers of credit more than 25 times per year or five times per year for transactions secured by real estate; credit transactions must include finance charges or written contracts covering more than four installment payments; and creditors must extend the credit for personal, family, or household reasons.

You can also complain to the creditor because the bailiffs are acting as their agents.

Credit monitoring is, simply put, the act of closely watching your credit report for changes, such as inquiries made (a company accessing your credit report — lender, creditor, insurer etc.), or checking for signs that you have opened a new account... These are just some of the things that you should... [Read more]

Under the rules in the Consumer Credit Act 1974, your creditors will usually have to keep sending you annual statements, as well as arrears and default notices in a set format.

Proposal payments and terms are negotiated between the debtor and creditor with the help of the trustee acting as administrator.

As a team here at Best Texas Credit Pros, we want you to understand you are protected by the Fair Credit Billing Act, which regulates original creditors.

When the credit card company or a creditor violates a federal law, such as the Fair Debt Collection Practices Act (FDCPA), a lawyer can pursue legal action against that creditor and sue them.

Specifically, the Act requires all creditors who deal with consumers to make certain written disclosures concerning all finance charges and related aspects of credit transactions (including disclosing finance charges expressed as an annual percentage rate).

In most of these cases the impending court action acts as a catalyst the speed a debt settlement; in some cases the pressure even produces higher debt settlement figures for the creditor.

As a legal option under the Bankruptcy & Insolvency Act you get protection from creditor actions during the proposal process.

whether the consumer credit transaction or other transaction is made under the provisions of the National Housing Act, or where the creditor is exempt from licensing under this chapter, (ii) where the credit transaction is not a consumer transaction, (iii) where the credit transaction is by a trust institution as defined in Section 5 - 12A - 1 (1), in its capacity as a fiduciary under any plan or agreement qualified under 26 USC 401 (a) or defined by 5 USC 8437, 26 USC 403 (b), or 26 USC 457, or a trust exempt under 26 USC 501, or (iv) to any municipal pension system created under the laws of the State of Alabama.

Once you obtain your client's credit reports, you can then work with that client to correct any mistakes, acting as the intermediary between them and the credit bureau or creditor.

(a) The administrator may bring an action to restrain a creditor or a person acting in his behalf from engaging in any business subject to licensing under subsection (a) of Section 5-19-22 without first obtaining a license therefor as provided in Section 5-19-22 and a licensee or any person acting in his behalf from engaging in violations of this chapter or engaging in a course of fraudulent or unconscionable conduct in inducing debtors to enter credit transactions or in the collection of debts.

(c) As to transactions entered into after May 20, 1996, a creditor shall have no liability under this chapter for any act or practice done or omitted in conformity with any (i) regulation of the administrator, or (ii) any rule, regulation, interpretation, or approval of any applicable Alabama or federal agency or any opinion of the Attorney General, notwithstanding that after such act or omission has occurred, the regulation, rule, interpretation, opinion, or approval is amended, rescinded, or determined by judicial or other authority to be invalid for any reason; provided, however, that any interpretation or opinion issued after May 20, 1996, shall not have any effect on any litigation pending on May 20, 1996, nor shall any interpretation or opinion issued after May 20, 1996, have any effect on litigation if issued subsequent to filing of the litigation.

They are acting either as a creditor to manage their debt account, or as a lender to write a new loan, not as a debt relief agency.

In this case, the credit counseling agency acts as a go - between for you and your creditors.

The credit counseling team basically acts as a go - between to set up a repayment plan that works for you and your creditors.

A consumer proposal was added to the Bankruptcy and Insolvency Act in Canada as a way to allow individual to make an offer to settle their debts with their creditors for less than they owe yet still receive the protection available under the Act.

Whether the collection agency has authority to accept a lower payment depends on whether it bought the debt or is merely acting as an agent for the original creditor.

Some laws specifically regulate the original creditor, like Chase, including the Credit Card Act of 2009; and other regulations regulate only a third - party debt collection company such as the Fair Debt Collection Practices Act (FDCPA).

There are laws such as the Credit Card Act of 2009 and the Fair Debt Collection Practices Act, and several other laws that can be used to challenge a debt — laws that creditors and debt collection companies must abide by.

The Front DSCs offer to act as intermediaries between distressed and distraught debtors and their creditors, using inflated claims and misrepresentations about their services to sign up customers, and charging exorbitant and abusive fees once the mark is on the hook.

As it stands now in the U.S. a voluntary only approach means that we are trusting that creditors will act collectively in the mutual best interest of the debtor and other creditors as a wholAs it stands now in the U.S. a voluntary only approach means that we are trusting that creditors will act collectively in the mutual best interest of the debtor and other creditors as a wholas a whole.