Sentences with phrase «default on loan terms»

However, it may also occur if you default on the loan terms.

Not exact matches

Liquidity: The mere prospect of default is having an impact on the $ 5 trillion repo market, where big banks and investors get short - term loans using their holdings of Treasury securities, mostly T - bills, as collateral.

When a lender like us at Easy Choice Lending takes your title, they place a short - term lien on it to enable them to seize your vehicle and sell it in the event you default on your loan.

A loan is considered defaulted if the borrower fails to repay it on the terms that were agreed to in the loan contract.

The best way to stay out of default is to avoid taking on high - interest rate, long - term car loans — which creditors often market to low - income, poor credit score consumers.

Combined with the fact that you pay the short term gains taxrate on the interest no matter what and at best you get a capital loss when a loan goes into default means the 6 - 9 % Lending Club claims investors average is probably closer to something like 3 - 5 % after the unfavorable tax treatment.

During that period, William Garry had asked Mei to agree to repayment terms if Singh defaulted on $ 20 million in loans.

So long term accounting should seem natural, else everyone would be defaulting on their home loans...

Roughly ten percent of student borrowers default on their loans within two years of graduating, despite often being eligible for more favorable repayment terms under a variety of alternative repayment options such as income - driven repayment.

A borrower enjoys less restrictive terms on a bad credit personal loan in forms of lesser interest charges and longer terms while a lender has a guarantee to recover the loan proceeds in case of default by confiscating and selling pledged assets.

Defaulting on a loan means that you have not met your obligations when it comes to the terms of repayment.

It is common however, to renegotiate the loan terms which is a form of refinancing but it seldom happens when the borrower is still repaying the loan as it usually happens only when negotiation is forced through a default on the loan repayment.

The routine uses of this information include, but are not limited to, its disclosure to federal, state, or local agencies, to private parties such as relatives, present and former employers, business and personal associates, to consumer reporting agencies, to financial and educational institutions, and to guaranty agencies in order to verify your identity, to determine your eligibility to receive a loan or a benefit on a loan, to permit the servicing or collection of your loan (s), to enforce the terms of the loan (s), to investigate possible fraud and to verify compliance with federal student financial aid program regulations, or to locate you if you become delinquent in your loan payments or if you default.

No matter what your credit score, if you meet the qualifications and have not defaulted on any similar short term loans, you will almost certainly be approved for cash loans in one hour.

But, if the repayment terms are not good then the cost for the borrower can be exorbitant, pressure to meet repayment schedules can be high, and in the end the loan may be defaulted on.

The FHA provides mortgage insurance on loans issued by private lenders, backing them financially in case borrowers default or do not honor the terms and conditions of their mortgages.

You need to be specially observant when it comes to mortgage lenders because the terms on the loans may push you towards default and on mortgage loans if you can not afford the monthly payments you may suffer repossession of the property.

Income - driven plans are a good short - term option to manage your cash flow and avoid defaulting on your loans.

Default A loan is in default when the borrower fails to pay several regular installments on time or otherwise fails to meet the terms and conditions of thDefault A loan is in default when the borrower fails to pay several regular installments on time or otherwise fails to meet the terms and conditions of thdefault when the borrower fails to pay several regular installments on time or otherwise fails to meet the terms and conditions of the loan.

The term «default» means you have failed to make payments on your student loan as scheduled according to the terms of your promissory note, the binding legal document you signed at the time you took out your student loan.

Although missing a single payment is technically a default under the terms of most loan documents, lenders have neither the time nor the desire to foreclose on borrowers who have missed one payment.

Like any loan, auto title loans will show up on your credit report, so defaulting can have long - term credit consequences.

You'll have more options (and get better terms) for a house with a high appraised value and a low mortgage balanceits a low - risk loan for a bank to recoup its loss in the event you default on the loan.

If you default on unsecured personal loans, then the lender can collect on the unsecured personal loan per the terms and conditions of the loan agreement.

With unemployment returning to normal and the economy picking up, there is no reason to believe that default rates on consumer loans should be any higher than the long - term average over the next few years:

However, those who currently have out more payday loans then their income can support or have defaulted on a short term loan in the recent past will likely get turned down.

If so, as long as you don't have a record of defaulting on short term loans, your chances of approval are excellent.

As long as your monthly income meets the requirements and you don't have a history of defaulting on short - term payday loans, you're almost certain to be approved!

Having a secured loan, means there is collateral, so in terms of defaulting on your secured car title loan, there is only repossession and repayment.

The term «default» means you have failed to make payments on your student loan as scheduled according to the terms of your promissory note, the binding legal document you signed... [Read more...] about Understanding Delinquency vs Default On Studendefault» means you have failed to make payments on your student loan as scheduled according to the terms of your promissory note, the binding legal document you signed... [Read more...] about Understanding Delinquency vs Default On Student Loaon your student loan as scheduled according to the terms of your promissory note, the binding legal document you signed... [Read more...] about Understanding Delinquency vs Default On StudenDefault On Student LoaOn Student Loans

The term «default» means you have failed to make payments on your student loan as scheduled according to the terms -LSB-...]

A long term consequence of default could be the drag factor it has on your credit score — making it difficult to get financing on loans, mortgages or credit card for years after the original default.

And in terms of real consumers, with real loans, that represents an additional 600,000 borrowers that defaulted on their student loans.

In layman's terms, a credit score is simply a number that represents the risk that you will default on a loan, using your prior payment history as a benchmark.

The death of the borrower in that case is so tragic, and indeed so unlikely, that perhaps it would make sense to bake into these loans a term life insurance policy that would leave the cosigner on the hook only for more typical forms of default.

This means if you do not own a home or a car to put up as collateral he financial institution will only have legal recourse to get their money back should you default on paying according to the terms of your loan.

Private student loans may default much quicker depending on the terms of the loan.

Default occurs when you do not make payments on your student loans as scheduled according to the terms of your credit agreement or promissory note.

The secured personal loan for bad credit is secured by pledging collateral to the lender that can be sold if you do not follow the terms of your lending agreement or if you default on your loan payments.

Borrowers certainly don't enter any long term mortgage agreement with the full intent of defaulting on the loan and lenders wouldn't issue any mortgage if it was clear the borrowers had no desire to keep the house.

While it is essential to never default on student loans, making regular repayments while budgetin g for and prioritizing the more financially beneficial retirement investments will have substantial long - term benefits.

Loan rehabilitation programs typically require borrowers to make a series of payments (on time), and when they've successfully met the terms of the rehab program, the loan will be removed from default staLoan rehabilitation programs typically require borrowers to make a series of payments (on time), and when they've successfully met the terms of the rehab program, the loan will be removed from default staloan will be removed from default status.

Default: When you do not make a mortgage payment on time, you are in default of your loan terms and agrDefault: When you do not make a mortgage payment on time, you are in default of your loan terms and agrdefault of your loan terms and agreement.

Default — Failure by a member to make payments on time as agreed in the terms of the loan.

Prime rate is the short - term interest rate charged by a lender to customers who are the least likely to default on their loans.

When lenders look at the long - term historical figures, they see that maybe 0.5 percent of prime borrowers — one out of 200, for example — might wind up defaulting on a loan and going into foreclosure.

Since it's a short term loan, it's reasonable to expect that your circumstances won't change much if at all during the term of the loan, so the fact that your income is sufficient to repay the amount borrowed — and as long as you don't have a record of defaulting on similar short - term loans — is all the lenders need to know.

The interest rate you pay on the short term loan is much more desirable than years at a default annual percentage rate with your credit card company.

A legally binding Loan Agreement not only maps out the terms of the loan, but it also protects you if the borrower defaults on the lLoan Agreement not only maps out the terms of the loan, but it also protects you if the borrower defaults on the lloan, but it also protects you if the borrower defaults on the loanloan.

Although lenders are under no obligation to grant modifications, they would often rather renegotiate the terms of your loan than allow you to default on your obligation.