Sentences with phrase «collateral on secured debts»

The collateral on secured debts is a way for lenders to protect themselves when passing out large loans.

Because it's collateral on a secured debt, they have a right to repossess it if you don't pay the car note on time.

Not exact matches

M360 favors an investment strategy focused on senior secured debt, which maximizes current income while providing significant collateral protection in the event of an economic slowdown and softening market.

If a debtor defaults on a secured debt, the lender may sue on the debt, to recover the collateral, or both.

With the right collateral you will be able to get a low - interest rate on your secured debt consolidation loan.

A car loan is a secured, which means the vehicle serves as collateral on the debt.

Of course, loans that are unsecured carry with them a greater risk than their secured alternative, but they are generally the only form of financing on offer since, for the borrower, the previous debt would probably have been repaid had they anything to use as collateral in the first place.

This situation is sometimes also called lien priming, because there is usually a lien or other restriction placed on the property or collateral that is used to secure the loan or debt.

If you go with a secured debt consolidation loan using your home or car as collateral, the lender should offer an interest rate considerably better than what you're paying on credit card debt.

If a debtor does not reaffirm the debt, the amended Code allows a secured lender to repossess collateral, even if the debtor is current on payments.

Secured debts get their name from the fact that the loan is secured by collateral — the mortgage on your home, for example — that can be seized and sold by your creditors in the event that you default on your paSecured debts get their name from the fact that the loan is secured by collateral — the mortgage on your home, for example — that can be seized and sold by your creditors in the event that you default on your pasecured by collateral — the mortgage on your home, for example — that can be seized and sold by your creditors in the event that you default on your payments.

Liens against collateral used to secure debt, like car loans and home mortgages, will not be discharged, and that property can be repossessed or foreclosed on unless you continue to make payments or are able to reach a new agreement with your lender.

If a consumer defaults on a secured loan, the collateral used to back the loan can legally be taken as payment for the outstanding debt.

Secured debt should always be the first debt that one pays off when addressing their loans, as lenders can easily hold on to your collateral property if you fail to pay accordingly.

Most personal loans are a form of unsecured debt in which no collateral secures the loan, and underwriting is based on income and creditworthiness.

Traditional lenders, like banks, typically look for secure assets like real estate or equipment as collateral; although anything of value the lender can sell to satisfy your debt should you default might be accepted — depending on the lender.

For this reason, if you want to keep property that is collateral for a secured debt, you will need to catch up on the payments and continue to make them during and after bankruptcy, keep any required insurance, and you may want to reaffirm the debt if you file a chapter 7.

The term «secured debt» applies when you give the lender a mortgage, deed of trust or lien on property as collateral for a loan.

Secured debt is a formal contract backed by assets that can be sold as collateral if the firm defaults on the loan.

If you have some secured debts (those which you have obtained by placing collaterals), and if you are behind on your bills, the creditor may ask the court to raise the «automatic stay» in order to repossess or foreclose on your property.

M360 favors an investment strategy focused on senior secured debt, which maximizes current income while providing significant collateral protection in the event of an economic slowdown and softening market.