Sentences with phrase «creditors loan money»

Unsecured creditors loan you money based on your promise to pay.

Not exact matches

America's creditors might demand a higher return for their loans, and the Federal Reserve could be forced to hike up interest rates before the economy is strong enough to do away with cheap money.

The issuing of dividends to shareholders or the repayment of capital to owners and loans to creditors diverts money away from the business.

Money can enter the company via investment by the owners or shareholders, or investment via creditors in the form of loan.

A credit score is a number, based strictly on credit history, created to help creditors weigh the risks they take when they loan money.

A law was passed that if a creditor extends a loan to a borrower, but has no reasonable idea of how the debtor can obtain the money to repay the loan, it is annulled.

«Debt relief or settlement companies often claim that they can work with your creditors to reduce the amount of money you owe, but that doesn't necessarily mean your loan will settle,» said Dudum.

Bear in mind, though, that any payments made directly to your creditors can not be retrieved under the 30 - day guarantee, meaning you're responsible for returning that money if you decide to refund the loan.

But neither the African governmental officials nor the private foreign banks who made the decision to loan in the first place lose out, as European and North American governments step in to provide further financial assistance for African countries as they begin to lapse on loan repayments: «In effect, public money from the governments of industrialised countries -LSB-...] helped to bail out the private creditors» (p. 33).

Because this is a very common practice, many creditors ask company A to co-sign loans to company B before they give them any money; however, the two - company approach gives you some protection and gives you a little more control if things turn sour.

Bankruptcy will not normally wipe out: (1) money owed for child support or alimony, fines, and some taxes; (2) debts not listed on your bankruptcy petition; (3) loans you got by knowingly giving false information to a creditor, who reasonably relied on it in making you the loan; (4) debts resulting from «willful and malicious» harm; (5) student loans owed to a school or government body, except if the court decides that payment would be an undue hardship; (6) mortgages and other liens which are not paid in the bankruptcy case (but bankruptcy will wipe out your obligation to pay any additional money if the property is taken back by the creditor).

Rather than repossess a vehicle that has a loan of $ 5000 against it (and receive $ 1000 for it at an auction), the smarter creditors will agree to just continue taking your money without a reaffirmation agreement if you're willing to continue paying.

With your creditors, new loan conditions can be agreed or directly, the debt is repaid using the money you get from a consolidation loan.

In most cases, when you want to use a personal loan to consolidate debt, the lender will deposit funds to your bank account and then you will have to use that money to pay off your creditors.

The property being used as collateral is then sold and the money obtained from the sell is used to repay the loan plus any damages and the remaining can be claimed by the previous owner or by the other creditors.

These are secured loans, the property guarantees the loan and the creditor can rest assured that if you fail to make the monthly payments he can recover his money by means of the legal action of repossession.

If you don't honor the exact terms and conditions stipulated in the loan agreement, the creditor is at liberty to seek collection measures to recover the money they have loaned you.

If the response is favorable, the creditor can inform the applicant with a letter, or simply by issuing the credit card, loan money, property or services the borrower applied for.

When the loans for bad credit are unsecured, it means that all you need to do is assure the creditors that you will repay the money by simply signing a document.

If a creditor sees you as a higher risk, they may still loan you money or offer you credit.

Because unsecured loans are more risky, unsecured creditors often impose higher interest rates on the money you borrow.

You won't be repaid unless money is leftover after all other creditors — such as suppliers and business loan holders — are repaid.

This means that secured creditors can enforce their liens through repossession if you default on the loan, but they can not sue you for any money.

When the creditors approve you to use their loan facility it means they lend you money and expect you to pay them over a certain time period, usually monthly.

In order to recoup some money, Creditor X sells the $ 500,000 debt to a debt collector for $ 100,000 or 20 % of the outstanding loan balance.

A creditor can not make you bargain away your ability to file for bankruptcy in a loan agreement, or as a prerequisite for lending you money or in exchange for goods.

To have a score that low means you have a history of nor paying your creditors on time — now why does the government insist on loaning money to high - risk borrowers?

Debtors may be able to get credit after a bankruptcy but creditors are likely to charge a much higher interest rate to compensate them for the increased risk of loaning the debtor money.

When the government created the bankruptcy rules, they had to decide how to balance the need to eliminate your debts, with the rights of the creditors who loaned you the money in the first place.

The purpose of debt consolidation is twofold: first, debt consolidation gives you the convenience of being able to pay one creditor one payment per month instead of having to make payments on dozens of loans; second, debt consolidation saves you money by cutting the time it takes to pay off your debts.

If you fall in 30 or 60 days late on a credit card or mortgage loan, you can contact your creditor an ask them to help you out with your late payments on your credit report, usually with a good explanation they give you an chance and remove the remark on your credit file, never told them that you have money problem or they will decrease your credit card limit or send your account to collection immediately.

Managing Debt Personal Loans for Paying Off Credit Cards Good Debt vs. Bad Debt Changes In Spending Habits Early Warning Signs of Debt Trouble Problems With Overspending Locating a Financial Counselor Dealing With Creditors Dealing With Collection Agencies Fixed Expense vs. Discretionary Expenses How to Save Money by Changing the Way You Buy Food How to Save Money If You Have Kids Paying Off Credit Card Debt What is Debt - to - Income?

Creditor — The person or company that has loaned money and is owed money back.

If you have defaulted on a loan, stopped paying your credit card bill, or have incurred massive amounts of medical expenses, creditors can't just take money from your paycheck.

When you apply for a loan, creditors will check your credit history to determine if they're willing to lend you money and how much interest they'll charge you.

Creditors can offer secured loans which are secured by assets or «Collateral» which can be sold if the debtor or borrower fails to make payments, allowing the creditor to regain the money lent to the borrower.

Good Debt vs. Bad Debt Personal Loans for Paying Off Credit Cards Changes In Spending Habits Early Warning Signs of Debt Trouble Locating a Financial Counselor How to Save Money If You Have Kids How to Save Money by Changing the Way You Buy Food Dealing With Creditors Dealing With Collection Agencies Paying Off Credit Card Debt What is Debt - to - Income?

The 3 credit bureaus will not remove the late payment from your account since their reports only reflect what the actual creditors (the business that have loaned you money) show in their files.

As you would expect, they allow you to pay off all your debts by taking one loan from them, so that you will no longer owe any money to your previous creditors.

With unsecured debt consolidation loans, instead of facing creditors that call and send letters reminding that you owe money, you only have to make one monthly payment.

As you know; removing negative student loan account from your credit history increase your credit score, it's not healthy for your credit to keep this negative remark on your credit history, by removing this negative account, your credit score boost up and your credit look better for creditors and future loans, the reason for student loan account on your credit report, it's because creditors and credit bureaus, use your account to make money and save on their taxes at the end of the year.

If any creditor fails to disclose information required under these Acts, or gives inaccurate information, or does not comply with the rules about credit cards or the right to cancel certain home — secured loans, you as an individual may sue for actual damages — any money loss you suffer.

On the other hand, you could get approved for a loan or mortgage more easily if you have a lower debt - to - income ratio because your creditors may feel that you will be more likely to pay back the loan since your money isn't already tied up in other debts.

An «Original Creditor» is the first source of the money loaned.

Creditors are more likely to loan money to those who have an established history of using credit and making regular payments than those who have only used credit for a short time.

Bear in mind, though, that any payments made directly to your creditors can not be retrieved under the 30 - day guarantee, meaning you're responsible for returning that money if you decide to refund the loan.

From any loans you have to credit cards and other debt, the report allows creditors to decide how likely it is that you will pay back the money you want to borrow.

After you get the loan and use the money to pay off your creditors, you may be feeling that a huge burden has been removed.

A secured creditor is a person or business that loaned you money with the condition that if you failed to repay the debt they had a right to one (or some) of your possessions.

Your creditor loses the balance of the money that they loaned you.