Sentences with phrase «creditor payments»

"Creditor payments" refer to the money that a person or company owes to their creditors or lenders. It is the amount of money that needs to be paid back to the people or institutions who have provided a loan or credit. Full definition
Some potential clients may not be ready for credit repair due to lack of funding, inability to stay current on future creditor payments, or the need to declare bankruptcy.
You should discuss creditor payment with your bankruptcy attorney because each financial situation is unique and will require unique actions.
If your credit score is below 700, it is suggested you work at increasing your credit score by making other creditor payments on time each month for several months and avoid applying for other financing as you work on boosting scores.
Unfortunately, many couples become embroiled in nasty legal battles that rack up lawyer fees and still may not prevent missed creditors payments from a vindictive spouse.
If a potential client is not ready for credit repair as a result of a lack of funding, the inability to stay current on future creditor payments, or the need to declare bankruptcy, we will be mindful of your time and money.
The FTC has created new rules that debt settlement firms must follow if they require a consumer to set aside in a dedicated account the debt settlement firm's fees and creditor payments.
Certainly, you will have to be able to afford your attorney, so price is a factor, but remember, in a sense, your creditors are paying for your attorneys fees, not you, as you will likely use your former «minimum» creditor payments to help pay for your bankruptcy.
If you have set up all of your creditor payments on pre-authorized payment or post-dated cheques it will be quite expensive and time consuming to put stop payments on all of the payments.
As a rule of thumb, your CC fee plus your creditor payments should be less than what you're paying your creditors today.
The creditor payments are calculated this way so each debt takes the same length of time to be paid back in full.
Obviously not making good on your creditor payments will drop your credit score during the time the debts are still considered collectible.
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