Sentences with phrase «as repossessions»

If you default in the future, the creditor may pursue any remedies allowed by state law, such as repossession or obtaining a money judgment.

This action is known as repossession and is the main reason why most borrowers are afraid of secured loans.

It is not the same as a repossession.

They may also take legal actions such as repossession, foreclosure, wage garnishment and many more.

Not exact matches

This form of lending is concerning for three main reasons: Like storefront payday lending, auto - title lending carries a triple digit APR, has a short payback schedule, and relies on few underwriting standards; the loans are often for larger amounts than traditional storefront payday loans; and auto - title lending is inherently problematic because borrowers are using the titles to their automobiles as collateral, risking repossession in the case of default.

But Michael Coogan, director general of the CML, cautioned: «The number of repossessions is likely to be higher in 2008 as a result of wider issues in the economy and the mortgage funding markets.

Lenders want to avoid repossessions just as much as borrowers do.»

«Just as lenders are being asked to reduce repossessions, public bodies should do everything they can to ensure that bankruptcy is only ever a last resort.»

«For these people, the pattern of their lives had been radically changed by a significant life event — such as bereavement, relationship breakdown or redundancy — which triggered addiction, followed by eviction or the repossession of a home», says Adele Irving.

Overnight the phrase became the watchword for reckless lending as the US housing market began to be hit by a huge series of repossessions.

«For some people it can be the best option for them to allow their home to be repossessed... even in cases [where lenders look at repossessions as a last resort] some families may not be able to keep up with mortgage repayments even if they're re-negotiated and rescheduled.

Mortgage Repossession Can Devastate A Homeowner About the last thing an individual or a lender want to do is become embroiled in a mortgage repossession procedure as it can be devastating for a homeowner to lose their residence and it detracts from the daily business ofRepossession Can Devastate A Homeowner About the last thing an individual or a lender want to do is become embroiled in a mortgage repossession procedure as it can be devastating for a homeowner to lose their residence and it detracts from the daily business ofrepossession procedure as it can be devastating for a homeowner to lose their residence and it detracts from the daily business of the lender.

Here is a Unique Opportunity on a 2005 Nor - Tech 3600 Supercat that is coming to us as a bank repossession.

Both types of bankruptcy may get rid of unsecured debts and stop foreclosures, repossessions, garnishments and utility shut - offs, as well as debt collection activities.

As delinquencies and repossessions soared during the downturn, lenders made it harder to get a loan.

Failure to make payments as usual can result in repossession.

(Fixed number (Open - ended) account) of payments I0 R0 O0 Too new to rate I1 R1 O1 Pays account as agreed I2 R2 O2 More than 2 payments past due I3 R3 O3 More than 3 payments past due I4 R4 O4 More than 4 payments past due I5 R5 O5 More than 120days or 4 payments past due I7 R7 O7 Making regular payments under WEP I8 R8 O8 Repossession I9 R9 O9 Bad debt; placed for collection IA RA OA Account is inactive IB RB OB Lost or stolen card IC RC OC Contact member for status ID RD OD Refinanced or renewed IE RE OE Consumer deceased IF RF OF In financial counseling IG RG OG Foreclosure process started IH RH OH In WEP of other party IJ RJ OJ Adjustment pending IM RM OM Included in Chapter 13

If you require repossession advice as a result of serious financial difficulties and you would like to talk to someone about your options, you can call Debt Advice Foundation's free, confidential debt helpline on 0800 043 40 50.

Lenders are not concerned with whose idea the repossession was; they are concerned with the fact that a creditor had to take back merchandise rather than get paid as agreed.

But if your business doesn't have an asset that can be used as collateral or you choose not to risk repossession then, an unsecured business loan is the right option.

Carefully consider secured debt consolidation loans as you can lose your home or car to foreclosure or repossession if you can not repay your loan.

Moreover, this situation tends to make the unemployed doubt to use his house (if he is a homeowner) as collateral due to the risk of repossession.

This article was previously available as Vehicle Repossession: Understanding the Rules of the Road.

This kind of loans let you consolidate your debt by using the money to repay credit card balances, loans and bills without having to use an asset as collateral avoiding the risk of repossession.

This enables your lender to continue where they left off before the bankruptcy with such actions as Foreclosure, Garnishment, Bank Levy and Repossession.

The first program offers assistance with removing negative information from credit reports such as charge - offs, bankruptcies, liens, judgments, repossessions, late payments, and collection accounts.

The car being purchased serves as collateral to the lender until the balance is paid in full, which is why the auto lender holds the title to the vehicle until the entire balance is paid — giving them the option of repossession should the borrower fail to make his or her auto payments.

With a 680 score, absent any red flags — such as a bankruptcy, foreclosure, eviction or vehicle repossession — your credit history is not likely to cost you a job or an apartment.

He or she will use many steps to collect debts, which may include legal actions such as wage garnishment, repossession, and foreclosure.

Therefore, the chances for repossession of the collateral become an important consideration, as do the odds for approval.

Bankruptcy can not indefinitely prevent foreclosure or repossession of collateral for secured loans, such as car or home loans.

Our knowledge and experience over the years, has removed collection accounts, late payments, charge off, bankruptcies, foreclosures, repossessions, judgments, medical bills, credit cards debts, inquiries, student loans and tax liens as well for Hawaii clients.

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If the client has signed a reaffirmation agreement, the client will be legally responsible for the deficiency between the loan balance as of the time the car was repossessed, together with the costs of repossession (tow - truck, storage, etc.) and the sales price of the vehicle when the vehicle is sold at an auction.

Our knowledge and experience over the years, has removed collection accounts, late payments, charge off, bankruptcies, foreclosures, repossessions, judgments, medical bills, credit cards debts, inquiries, student loans and tax liens as well for Gainesville clients.

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While payments are made, home foreclosures and car repossessions are halted as loan obligations are met through the plan.

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With our knowledge and experience over the years, we have removed collections accounts, late payments, charge off, bankruptcy, foreclosure, repossession, judgments, medical bills, credit card debt, inquiries, student loan and tax lien as well for Miami clients.

Voluntary car repossession is treated the same as an involuntary repossession, any deficiency balance can end up on your credit reports.

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Our knowledge and experience over the years, has removed collection accounts, late payments, charge off, bankruptcies, foreclosures, repossessions, judgments, medical bills, credit cards debts, inquiries, student loans and tax liens as well for Idaho clients.

Filing bankruptcy cases in Missouri & Kansas to help debtors eliminate debt, stop garnishments, repossessions & foreclosures & review your second mortgage & back taxes as bankruptcy may help you manage or eliminate those debts.