Sentences with phrase «creditors accept less»

Not exact matches

The creditors will usually accept much less than the total debt owing.

It said it convinced creditors to accept less ambitious fiscal targets for the next couple of years.

Your creditor may be willing to accept less than the face value of your debt in order to avoid the cost and hassle of a full trial.

Debt Settlement A process of negotiating with creditors to accept payment that is less than the full amount of the debt owed.

You'll have to personally call up the creditor or collections agency to ask if they will accept a lesser amount to satisfy the debt.

Our goal is to help you get out of debt as fast as possible by negotiating with your creditors to get them to accept significantly less than face value on your unsecured debts.

To convince your creditors to accept less than you owe, they will tell them that getting at least a portion of what you owe would be better than getting nothing at all.

However, when your account is delinquent and in danger of not being collected, the creditor might want to recoup as much of your balance as possible, even if it means accepting less than what's owed.

Essentially, your creditors are agreeing to accept less money back in order to pay your IP.

In this process, creditors and / or collection agencies accept less than what you owe on your credit accounts.

If you can get access to a lump sum of money, from a family member or some other source, it's worthwhile to call up a creditor yourself and simply ask whether it will accept less than the total amount you owe if you pay a lump sum.

When you settle a debt, you're effectively asking the creditor or collection agency to accept less than the full balance owed to consider the account repaid.

By contrast, debt settlement relies on your creditors voluntarily agreeing to accept less than the amount that is legally owed.

Most creditors are willing to accept payments of much less than the balance owed to close out an account rather than lose the entire amount in a bankruptcy proceeding.

Under a debt settlement arrangement, your creditor agrees to accept a lump sum payment of less than your unpaid debt to resolve fully your debt.

Debt settlement is a process by which you convince your creditors to accept less than full payment for your debts.

Essentially, your creditors are agreeing to accept less money back in order to pay your IP (this is why there's no such thing as a cheaper or better IVA; even if your IP charged lower fees, the difference would go to your creditors, not to you).

Essentially, debt settlement companies may instruct you to withhold any future payments on your account, purportedly to eventually motivate the creditor in question to accept less than what is owed under the principle that «something is better than nothing.»

It is also possible, under certain circumstances, for a creditor to pursue additional legal remedies even after they have accepted a settlement for a lesser amount.

Rather than reduce the debt to zero balance on the books or file a lawsuit in court — which requires enormous red tape and, oftentimes, multiple court appearances — many creditors will accept a lesser amount.

Debt settlement is when a creditor (or creditors, as is the more likely scenario), agree to accept less than you owe to consider your debt paid in full.

The truth, according to the Federal Trade Commission, is that there is no guarantee that any creditor will accept less than full payment of a debt that you owe.

Ultimately, while debt settlement services can help negotiate on your behalf and help manage your payments to creditors, not all creditors will always agree to accept less money than they are owed.

Based on my experience, I felt his creditors would likely accept a consumer proposal at payments of about $ 250 per month for 60 months — less than half of what he was paying into his debt management plan, and much easier on his budget.

That number is less than the number required therefore Joe Debtor's consumer proposal is accepted by his creditors.

Often, the creditor will agree to accept an amount that is less than your balance.

Getting a creditor to agree to accept a lesser amount than what is owed requires skill and experience.

We have years of negotiating experience, which enables us to often times get creditors to accept significantly less than the amount owed, which means we can get bigger savings for our clients.

A debt settlement occurs when a creditor agrees to accept less than the balanced owed on a debt.

debt settlement [top] Debt settlement is a process of negotiating with creditors to accept an amount as settlement for less than full balance.

After enrolling in our program, our Debt Negotiation Experts work with creditors on your behalf to get them to accept less than you owe so you can be debt - free.

After deciding to get your finances back on track through debt consolidation, you were successful in convincing your creditors to accept lesser amounts to settle your outstanding debt.

The company negotiates with your creditors to accept less than the debt owed.

I think this is the worst bankruptcy representation: Does your creditor file your chapter 7 for less than the full fee and accept post-dated checks from you or a relative for the remainder of the fee?

The DAS Administrator, or a fee charging money adviser, can ask creditors to accept less than the full amount of the money that you owed them when you started the debt payment programme.

They are informal arrangements in which your creditors agree to accept less than the full amount of the debt in return for your agreeing to give them a part of your income over a fixed period.

Once you've deposited a healthy amount into that account (but far less than what you actually owe), the negotiation firm goes to the creditor and tries to get them to agree to accept that money as payment in full.

Doug Hoyes: It makes no sense, and I know in our firm we keep a very detailed list of every bank, every credit card company, every major creditor because some of them are willing to accept a bit less, some of them tend to be a little higher than what you're talking about, and that's where you're getting this roughly one third ratio from.

If you have a lump sum that is less than the full balance you owe on your debts, you can ask your creditors to accept the payment and write off the rest of the debts.

So if you're sitting there going well, I know how much I owe, I owe $ 60,000 and there's no way I could pay back $ 20,000 even over five years, it's still worthwhile to come in and talk to you, because if you have one of the creditors that perhaps is willing to accept a little less, it's worth it.

That's when the creditor agrees to accept less than the full amount owed.

If the short sale yields $ 10,000 less than what the debtor owes on the mortgage, and the creditor accepts to forgive that sum; the Andrews - Lewis legislation would allow him to obtain the debt forgiveness tax - free.

A consumer proposal is also an option, but again, if the loan is less than 7 years old it is difficult to get the creditors to accept a deal.

In a consumer proposal it is often possible to get the creditors to agree to accept 50 cents on the dollar, or even less.

In return the creditor will be willing to accept less than is owed, probably take a loss on the account, and allow the matter to be resolved in full.

Most creditors are willing to accept payments of much less than the balance owed in order to close out an account rather than lose the entire amount in a bankruptcy proceeding.

Next contact your creditors and see if you can negotiate for them to accept less money.

While a creditor may not like accepting less than they are owed, they know it is better than receiving no money at all.

When you work with a debt settlement company to handle your debt problems, it is possible that they can get creditors to accept less money than you actually owe.

Once it reaches a certain level, the company will reach out to your creditors in hopes that they'll accept a lump sum that's less than what you actually owe.