Sentences with phrase «creditors accept this deal»

If the creditors accept this deal, you simply make the payments as agreed, and you are done.

Not exact matches

The majority of creditors accept payment plans and other alternative payoff methods when dealing directly with an honest debtor.

This fact sheet tells you how to deal with your non-priority creditors, such as credit cards, unsecured loans and overdrafts, if they refuse to accept the payment offer you have made them.

This process can create a high degree of risk for consumers, who are open to abuse by companies interested in only collecting up - front fees while leaving consumers to deal with disgruntled creditors, most of whom are not interested in waiting for years to accept a pennies - on - the - dollar settlement.

Ted Michalos: It always is, and that's because you're trying to convince the creditors that it's in their best interest to accept the deal.

Creditors usually accept the deal because an easy settlement now is a lot better than having to fight for a share of the money in court.

You don't need anything in writing from the original creditors in order to accept a deal.

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.

If a creditor's meeting is required, a simple vote is held, and if more than half of the voting creditors (based on dollar value) vote «yes», your proposal is approved, and all creditors must accept the deal.

Third, the debt consultant has no way to force all of your creditors to accept the deal.