Sentences with phrase «consumer debt portion»
If your total consumer debt payment (to get out of debt within 3 years) was $ 430 a month, and your mortgage was $ 1,550 a month, your new mortgage payment should be $ 1,980 a month at least till the consumer debt portion is gone.
http://www.moneysense.ca/ Not exact matches
A significant portion of each generation has substantial consumer debt of several different kinds.
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.
And, because you repay a portion of what you owe over a period of up to 5 years, a consumer proposal is often the lowest cost option to consolidating debt, resulting in lower monthly payments than either debt consolidation or a debt management plan through a credit counsellor.
A consumer proposal is a legal procedure that allows Canadians to repay a portion of their debts, instead of filing an assignment in bankruptcy.
Filing a Consumer Proposal: Your total debt can not exceed $ 250,000 (excluding a mortgage) and you must be able to afford to repay a portion of your debts.
A consumer proposal is a way of protecting what you own and paying back a portion of your debts, usually over a 4 or 5 year period.
In more general terms, a consumer proposal is an offer you make to your creditors to pay a portion of your debts.
In a consumer proposal you repay a portion of your debts.
As consumer debt continues to climb, it is not surprising that the latest data shows that personal loans are becoming more and more commonplace overall, accounting for a larger portion of consumer debt.
In a consumer proposal you offer a payment plan to your creditors to repay a portion of the debts.
In a Consumer Proposal, you will make one reasonable monthly payment and will pay only a portion of your overall debt.
In a consumer proposal you make an offer to pay your creditors a portion of your debts.
Ted Michalos: A consumer proposal is a procedure whereby you offer to repay a portion of your debt, a portion of your unsecured debt.
If you can't afford to make a debt management plan, Americans can consider a Chapter 13 Wage Earner Plan, and Canadians can consider a consumer proposal to repay a portion of their debts.
Consumer Proposals are an offer to your creditors to repay a portion of your debt over a maximum of five years.
1) Coming out of the recession, Americans pared back all non-mortgage debt except for student loans, which grew steadily and now represent the largest portion of non-mortgage consumer debt:
(1) the amount of the debt; (2) the name of the creditor to whom the debt is owed; (3) a statement that unless the consumer, within thirty days after receipt of the notice, disputes the validity of the debt, or any portion thereof, the debt will be assumed to be valid by the debt collector; (4) a statement that if the consumer notifies the debt collector in writing within the thirty - day period that the debt, or any portion thereof, is disputed, the debt collector will obtain verification of the debt or a copy of a judgment against the consumer and a copy of such verification or judgment will be mailed to the consumer by the debt collector; and (5) a statement that, upon the consumer's written request within the thirty - day period, the debt collector will provide the consumer with the name and address of the original creditor, if different from the current creditor.
In a consumer proposal, you make a deal with your creditors to settle your debts for a portion of what you owe.
Because you repay only a portion of your debts, without interest, a consumer proposal can be a cheaper alternative to a high cost debt consolidation loan or second mortgage or a viable option if you do not qualify for refinancing with your house equity.
We found that a significant portion of Navient's customer base claims to be victims of the company's illegal practices which violated the Dodd - Frank Wall Street Reform and Consumer Protection Act, the Fair Credit Reporting Act, and the Fair Debt Collections Practices Act.
For the first several months, significant portions of consumers» monthly payments are applied to the debt settlement company's fees, making it difficult for consumers to save enough money to be used for settlement purposes.
A consumer proposal allows you to avoid bankruptcy, repay only a portion of your debt and keep your assets.
Consumer Proposal: a consumer proposal is an arrangement you make with your unsecured creditors to repay a portion of you debt usually through monthly payments over a period of up to Consumer Proposal: a consumer proposal is an arrangement you make with your unsecured creditors to repay a portion of you debt usually through monthly payments over a period of up to consumer proposal is an arrangement you make with your unsecured creditors to repay a portion of you debt usually through monthly payments over a period of up to 5 years.
Consumer Proposals are a way to negotiate with your creditors to pay off a portion of your debt, and an effective way to avoid bankruptcy.
In a consumer proposal you repay a portion of what you owe — in a debt management plan you repay the entire debt.
When the buyer is indebted to a particular seller for two or more consumer credit sales of goods and the goods which were the subject of two or more sales secure the buyer's total debt to the seller, the security shall be discharged by applying the buyer's payments as they are received by the seller or the seller's assignee to the portions of the debt in the order in which they were incurred.
Another option would be to limit the extent to which a consumer can become indebted to AFS types of loans (such as limiting the portion of their pay, which can be subject to payday loan debt) so that fewer individuals would find themselves severely indebted with multiple AFS loans.
If the consumer credit transaction is scheduled to be repaid in substantially equal installments which include a portion of the amount financed, the amount of credit life insurance at any time shall not exceed the greater of the approximate unpaid balance of the debt, excluding unearned finance charges, if any, or the approximate unpaid scheduled balance of the debt, excluding unearned finance charges, if any, plus the amount of one scheduled payment.
Reason stands that if the credit card debt is the primary reason for the consumer to file bankruptcy, if the creditor is able to significantly reduce that debt so the consumer can pay it off, then they can avoid bankruptcy and the creditor recovers at least a portion of the debt due to them.
Almost all debt settlement companies charge a large portion of their fees in advance before they perform any significant services on behalf of the consumer.
The reforms resulted from significant lobbying by the financial services industry in seeking to prevent consumers who had the financial ability to pay a significant portion of their unsecured debt, such as credit cards from discharging their financial obligations.
Also, if the consumer has requested the name and address of the original creditor, the debt collector must cease collection of the debt, or any disputed portion thereof, until the debt collector obtains the name and address of the original creditor and that information is mailed to the consumer by the debt collector.
Debt settlement is another scenario where lenders may agree to forgive portions of a consumer's dDebt settlement is another scenario where lenders may agree to forgive portions of a consumer's debtdebt.
There's no interest on consumer proposal payments and you're only repaying a portion of your debt.
And if you happen to have access to consumer credit (credit cards, line of credit at a bank) you can «flip» your debt by paying down the loans or a big portion of the loans with consumer credit.
However, to repay a portion of your debts you need an income, and if you are unemployed or working reduced hours, you may not have the income to do a Chapter 13 filing or a consumer proposal.
A consumer proposal gives you protection from your creditors while you make a deal to repay a portion of your debts.
Doug Hoyes: And that's why the success rate on consumer proposal is so high; if the creditors know they're going to get more money in a consumer proposal than they're going to get in a bankruptcy, and the person who owes the money is filing the consumer proposal because they want to avoid bankruptcy, they want to pay back at least a portion of their debts.
(7) «Debt settlement» means any action or negotiation initiated or taken by or on behalf of a consumer with a creditor of the consumer for the purpose of obtaining debt forgiveness of a portion of the credit extended by the creditor to the consumer or a reduction of payments, charges, or fees payable by the consuDebt settlement» means any action or negotiation initiated or taken by or on behalf of a consumer with a creditor of the consumer for the purpose of obtaining debt forgiveness of a portion of the credit extended by the creditor to the consumer or a reduction of payments, charges, or fees payable by the consudebt forgiveness of a portion of the credit extended by the creditor to the consumer or a reduction of payments, charges, or fees payable by the consumer.
That's great, but how do you figure out what portion of your debt to offer your creditors in your consumer proposal?
If you feel that you can only afford to repay a portion of your debts, a consumer proposal is likely a better option for you.
In a consumer proposal you repay only a portion of your debts.
In a Chapter 13 Bankruptcy, the consumer is required to pay back a portion of the debts owed to secured and unsecured creditors.
Erik Voorhees, CEO of cryptocurrency exchange service ShapeShift, advised investors with large holdings to take a portion of their profits and pay down their consumer debt — a sentiment that was echoed by several other industry observers.