Sentences with phrase «based on your creditors»

Most credit scoring systems are unique because they are based on a creditor's individual experiences with customers.

Chapter 7 Bankruptcy will discharge personal, unsecured loans if they are for credit extensions which were based on the creditor's evaluation of the debtor's ability to pay and there is no collateral which can be seized by the creditor if the debtor defaults on the loan due to their inability to pay.

The information on your credit report varies based on your creditors and what they have reported about you.

Not exact matches

Further, once you roll your money out of your 401 (k), the extent to which your IRA is protected from creditors will vary based on the state in which you reside.

Remember though, if you default on a secured loan then the assets or asset class you used as a security could be seized by the creditor in a Court procedure that could also put your company out of business, so there is some element of risk to consider with asset - based financing.

With new carriers Mobilicity in creditor protection and Wind pulling out at the last minute because of a lack of funding from its Russia - based backer Vimpelcom, the path was clear for the Montreal company to swoop in and grab licenses on the cheap.

That's why creditors tend to assess your creditworthiness on a continual basis.

Typically, interest is paid to creditors on a quarterly or monthly basis providing cash flow to investors while the principal is outstanding.

Credit Karma provides free credit monitoring to track its users» TransUnion credit reports on a rolling, daily basis and notifies them of any significant changes, such as if a new account is opened in their name or if a creditor registers a delinquency.

A credit score is a number, based strictly on credit history, created to help creditors weigh the risks they take when they loan money.

Credit reports are a compilation of information from credit bureaus, which are companies to which creditors report borrower payment history on a regular basis.

Stockton will become the largest U.S. city to seek protection from its creditors after its leaders approved a budget based on the city filing for bankruptcy.

In fact, it only works provided the returns on the capital which is creating value and added value, the bases of distribution and transfer of wealth towards the creditors of production, has been achieved on a grand enough scale and without shocks or interruptions in the flow of wealth.

Perhaps having ruined their reputation with international creditors 7 years prior and running an economy where mortgages are virtually non-existent (home buyers show up at closing with thousands of US 100 dollar bills) made it very difficult to have a financial crisis based on personal and governmental over-leveraging.

On Wednesday and Thursday, defense attorneys hammered Howe for his years of misdeeds, including for embezzlement committed against his former employers, the Albany - based law and legal firm Whiteman Osterman & Hanna, to stiffing a long list of creditors ranging from lawyers and home contractors to a health club and even his family's dog walker.

Spyker declared bankruptcy on the 18th December 2014, but has since paid off creditors and now hopes to partner the US - based electric plane manufacturer.

When negotiating we bulk together a large number of clients» credit card debts with a particular creditor, then basing negotiations on a significant dollar amount, where we have more leverage and can solidify more substantial discounts for our clients.

As with other debts based on a written contract, creditors have 10 years to file such lawsuits in Missouri.

Credit scores are based on information collected by credit bureaus and information reported each month by your creditors about the balances you owe and the timing of your payments.

Credit reports are a compilation of information from credit bureaus, which are companies to which creditors report borrower payment history on a regular basis.

A consumer proposal is approved if a majority of creditors (based on the dollar value of proven claims) vote yes after which it is approved by the Court.

Creditors use your debt to income ratio to know if you can pay off your loans based on the terms they... Continue Reading

Over 90 percent of all creditors base their decisions about creditworthiness on the FICO score.

They are based on information in your credit report that suggests you meet criteria set by the creditor making the offer — for example, you live in a certain zip code, you have a certain number of credit cards, or you have a certain credit score.

Individual results may vary based on ability to save sufficient funds and complete the program, the creditors in your individual portfolio, and amount of debt enrolled.

First of all, it is based on the information contained in your credit report and not all creditors report to all credit bureaus.

On a monthly basis, you probably end up juggling a number of payments to creditors who have different payment dates, different interest rates, different...

And based on that notices will go out to the creditors, to people you owe money to, telling them that the bankruptcy has occurred and they can no longer sue you, they can no longer contact you to collect the debt, they can't garnish your wages.

Dividend: The percentage of claims that will get paid to general unsecured creditors by a bankruptcy trustee on a pro rata basis.

Each creditor gets one vote for every dollar owed, and if more than half of the creditors (based on dollar value) vote «yes», your proposal is accepted.

With debt consolidation loans, your fixed monthly - consolidated payment is calculated based on the lowest payment amount accepted by your creditors.

Errors are made on a regular basis, they can hurt your credit scores — but they are usually easy to fix if you notify the credit reporting agency and the creditor that is reporting the incorrect information.

Consumer Proposal Payments: The cost of a consumer proposal is based on a negotiated settlement between the debtor and the creditors.

This can happen if the account was based originally on part or all of the income of your spouse and if the creditor has reason to believe your income alone will not support the line of credit.

Your counselor provided you with an estimated payment based on your account balances and the creditor policies at the time of your enrollment.

Based on how well you score, a creditor may decide to extend credit to you or turn you down.

Determine a payment plan based on what you can afford and what your creditors would expect to receive if you filed bankruptcy

Creditors have set payment requirements based on your balance, as well as minimum dollar amounts they deem acceptable.

Fixed monthly - consolidated payment is based on the lowest payment amounts allowed by your creditors.

Shouldn't I be able to know what potential creditors are basing their decision on.

Your trustee in turn, distributes those funds to your creditors on a prorated basis based on the dollar value of their claims.

The Federal Equal Credit Opportunity Act and comparable provisions of Massachusetts law prohibit creditors from discriminating against credit applicants on the basis of race, color, religion, creed, national origin, sex, sexual orientation, ancestry, handicap, marital status, age (provided that the applicant has the capacity to enter into a binding contract), or because all or part of the applicant's income derives from any public assistance program.

To help consumers take advantage of the their consumer rights, a program was developed by attorneys to help consumers challenge their creditors and get a reduction in interest, principal and payments, based on education fraud.

«No creditor may make a loan secured by real property [i.e., a mortgage loan] unless the creditor, based on verified and documented information, determines that, at the time the loan is consummated, the consumer has a reasonable ability to repay the loan... and all applicable taxes, insurance, and assessments.»

Under the Chapter 7, the bankruptcy court orders an appointed case trustee to sell your properties and distribute the proceeds to your creditors based on the priorities established in the Code.

The credit reporting agencies update your credit report as they receive new information from creditors or lenders so your credit profile constantly changes based on your financial activity.

Our estimates are based on prior results, which will vary depending on your specific enrolled creditors and your individual program terms.

After you've completed your debt payment program, some of your old creditors may re-establish your credit based on your new, debt - free status especially if you've maintained an on - time payment history

Once you have approved the offer the agency will release the settlement funds, based on the agreed amount, to your creditor.

However, if you pay off a creditor, don't make the mistake of closing that account because 15 % of your FICO score is based on the length of your credit history.