Sentences with phrase «by one's creditors»

This alternative, if accepted by your creditors stops all interest charges and legal process brought against you and allows you to focus on the repayment of all or a portion of your debt.

Simply locking the doors and walking away is a risky choice; you may be sued by creditors who can go after your personal assets.

This information is used by creditors when they decide whether to lend you money.

Your credit report is a complete record of your credit history as reported by your creditors and is available from a variety of sources.

Also called a «security interest,» it is a legal interest taken by creditors in your property to secure repayment of a debt.

This option is more ideal than having your remaining assets seized by creditors for their benefit.

These types of actions by creditors can appear to a bankruptcy court that they are actively trying to collect a debt against the automatic stay.

If life insurance is required by a creditor as a condition for making a loan, you may be able to assign an existing life insurance policy, if you have one.

However, there are often mistakes made by creditors with accounting and recording keeping so don't feel bad making them prove up the claims.

The information provided by creditors is also used to calculate your credit score.

We urge you to contact our lawyers about personal and corporate proposals, arranging informal settlements with your creditors and if necessary, defending claims by your creditors on guarantees or other debt instruments.

Consumers should be very aware of what constitutes wrongful or illegal acts so that they can protect themselves from harassment by creditors.

If you are behind on your mortgage payments or car loan you are still at risk of having these assets seized by your creditors.

If approved by your creditors you will have a binding debt repayment contract.

You may also be liable for any fees paid by your creditors to your IP up to that point and your creditors will once again be entitled to pursue you for the outstanding debt.

Interest is a fee charged by the creditor, calculated monthly or annually, and expressed as an interest rate, or percentage of the principal.

The credit card account is then closed and no more calls are received by the creditor trying to get payment.

It shows closed by creditor on my credit report.

The less common errors are made by your creditors when they report to the credit bureaus.

While the debtor and debt settlement firm work on this together the decision frequently ends up being decided by the creditor who seems to be closest to starting litigation to collect their debt.

• If using the refund to settle a debt for less than the balance owed, be prepared to pay income tax on the amount forgiven by the creditor.

Your cosigner might not be notified by the creditor if you fail to make payments, so don't set him up for a nasty surprise.

The claims filed by your creditors have come in higher than anticipated therefore creating a terms issue.

Title 15 exemptions (and other similar exemptions in the statute) protect property from being taken by a creditor to satisfy a debt.

This type of credit check is typically done by creditors when they want to see your entire profile in order to approve or decline you for credit when you are applying.

All efforts by creditors to collect against you stop as soon as you file bankruptcy.

Credit pulls for loans will affect your credit score in time, but the effects of a credit pull will vary by creditor type.

The answer depends on your own behaviors, as well as the policy followed by the creditor in question.

You should include your account number and request all further contact by creditors be done in writing.

Although compromise amounts offered by creditors vary, they usually comprise 30 to 50 % of the original outstanding debt.

Note that the difference between phases 3 and 4 are only in the way a government gets viewed by creditors.

Companies will continue to pump oil but will now be owned by their creditors.

Nevertheless, the lending decision completely depends on the underwriting process used by your creditor which is heavily reliant on your ability to repay a certain amount of the loan.

If creditor protection is important to you, be sure your policy meets all the conditions so that it is exempt from seizure by your creditors.

Therefore, things like a second or third mortgage, liens attached by creditors and mechanics liens are all wiped out.

It can be initiated by the creditor or the borrower.

Debt counseling services are usually nonprofit organizations, funded by creditors.

This form is then sent by the creditor that accepted the settlement to the consumer.

You can be taken to court by your creditors.

If information is verified by the creditor to the credit bureaus that you do not agree with, you'll need to construct a letter directly to the creditor.

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

It should be noted that your credit rating is set by your creditors.

Be aware that the agreement by your creditors is voluntary and it is not legally binding.