Sentences with phrase «default on their payments on»

Auto financing can be difficult for people with a low credit score because car vendors» are wary of consumers who might default on a payment on their cars.

Some are upward of 23 percent, which is actually near the penalty APRs that apply when consumers default on their payments on nonstore credit cards.

Not exact matches

Alphonso recommends seeking advice from a broker, who he said should also be questioned about how tolerant a lender will be if you were to default on one of your payments.

The school network has high attrition rates and numerous cases of families defaulting or falling behind on tuition payments.

«Explain that you've been making the payments on time and it doesn't make sense to treat this as a default because that will turn a good loan into a bad loan.»

And the chances that the Canadian government would ever default on payments are incredibly slim.

However, as a business owner, even if your personal assets are not leveraged, you are still responsible for ensuring payments are made in full and on time to avoid default through the personal guarantee of the owner (s).

While Venezuela has kept current on its bond payments, it has paid some coupons late, leading ratings agencies to declare a selective default and keeping creditors guessing.

While no insurance companies defaulted on payments — they had enough cash to fund payouts — regulators were still concerned about falling reserves.

For bonds this means issues that are not at risk of defaulting on a payment; for stocks a dividend is essential, and not one at risk of a cut, or one that fluctuates through good times and bad.

If your credit scores haven't already plummeted as a result of late payments, missed payments, charge - offs, and defaults, when the bankruptcy is listed on your credit reports, you'll notice a large and immediate drop in your credit scores.

In other words, instead of skipping a handful of payments or defaulting on a loan, contact your creditors and lenders as soon as a problem arises and negotiate some form of resolution that's within your financial means.

Actual results, including with respect to our targets and prospects, could differ materially due to a number of factors, including the risk that we may not obtain sufficient orders to achieve our targeted revenues; price competition in key markets; the risk that we or our channel partners are not able to develop and expand customer bases and accurately anticipate demand from end customers, which can result in increased inventory and reduced orders as we experience wide fluctuations in supply and demand; the risk that our commercial Lighting Products results will continue to suffer if new issues arise regarding issues related to product quality for this business; the risk that we may experience production difficulties that preclude us from shipping sufficient quantities to meet customer orders or that result in higher production costs and lower margins; our ability to lower costs; the risk that our results will suffer if we are unable to balance fluctuations in customer demand and capacity, including bringing on additional capacity on a timely basis to meet customer demand; the risk that longer manufacturing lead times may cause customers to fulfill their orders with a competitor's products instead; the risk that the economic and political uncertainty caused by the proposed tariffs by the United States on Chinese goods, and any corresponding Chinese tariffs in response, may negatively impact demand for our products; product mix; risks associated with the ramp - up of production of our new products, and our entry into new business channels different from those in which we have historically operated; the risk that customers do not maintain their favorable perception of our brand and products, resulting in lower demand for our products; the risk that our products fail to perform or fail to meet customer requirements or expectations, resulting in significant additional costs, including costs associated with warranty returns or the potential recall of our products; ongoing uncertainty in global economic conditions, infrastructure development or customer demand that could negatively affect product demand, collectability of receivables and other related matters as consumers and businesses may defer purchases or payments, or default on payments; risks resulting from the concentration of our business among few customers, including the risk that customers may reduce or cancel orders or fail to honor purchase commitments; the risk that we are not able to enter into acceptable contractual arrangements with the significant customers of the acquired Infineon RF Power business or otherwise not fully realize anticipated benefits of the transaction; the risk that retail customers may alter promotional pricing, increase promotion of a competitor's products over our products or reduce their inventory levels, all of which could negatively affect product demand; the risk that our investments may experience periods of significant stock price volatility causing us to recognize fair value losses on our investment; the risk posed by managing an increasingly complex supply chain that has the ability to supply a sufficient quantity of raw materials, subsystems and finished products with the required specifications and quality; the risk we may be required to record a significant charge to earnings if our goodwill or amortizable assets become impaired; risks relating to confidential information theft or misuse, including through cyber-attacks or cyber intrusion; our ability to complete development and commercialization of products under development, such as our pipeline of Wolfspeed products, improved LED chips, LED components, and LED lighting products risks related to our multi-year warranty periods for LED lighting products; risks associated with acquisitions, divestitures, joint ventures or investments generally; the rapid development of new technology and competing products that may impair demand or render our products obsolete; the potential lack of customer acceptance for our products; risks associated with ongoing litigation; and other factors discussed in our filings with the Securities and Exchange Commission (SEC), including our report on Form 10 - K for the fiscal year ended June 25, 2017, and subsequent reports filed with the SEC.

If the homeowner defaults on his or her payments and the lender faces a loss following foreclosure, mortgage insurance covers the difference and turns a high - risk customer into a zero - risk customer.

If your credit score hasn't already plummeted as a result of late payments, missed payments, and defaults, when the bankruptcy is listed on your credit report, you will notice a large and immediate drop in your credit score.

While the island has defaulted on small debt payments in the past, a default at GDB would be the most serious yet.

Loans that have been in default can be consolidated after three consecutive monthly payments have been made or if the borrower agrees to repay the consolidation loans under an income - driven repayment plan (where the payments are based on the income of the borrower).

He helped launch a firm that tracked down people who defaulted on car payments or health - club memberships.

In order to prevent the risk of default, do your research and plan ahead to ensure that you will have enough money coming in to always make your loan payments on time.

With a massive debt payment due on June 30 to the IMF, Greece could default.

Or, you can make three consecutive, voluntary, and on - time payments on your defaulted loans before consolidating.

The researchers at myFICO say that consumers who open several credit accounts in a short period of time are a greater risk to default on their loans or miss credit card payments.

Ultimately, if you're struggling with your current payments or are at risk of defaulting and still have several years left on your loans, debt consolidation might be a good idea.

David Kotok, chairman at Cumberland Advisors, discusses Puerto Rico defaulting on two bond payments and what it means for the bond market and the country.

The Direct Consolidation Loan, as mentioned above, is one choice for exiting default, but if you go this way, you must first either agree to sign up for an income - driven repayment plan or make three consecutive, on - time, full payments on your loan.

Even if you do this, the record of your student loan default and the late payments will remain on your credit report for multiple years.

Late payments, missed payments, or other defaults on your account (s) may be reflected in your credit report and / or consumer report.

If you have a history of being late on your debt payments or defaulting on loans altogether, then the odds of you getting a small business loan become that much more unlikely.

They must supply information about the total amount of loans extended, the remaining balance, and the date of delinquency if you are past due on your payments or the date of default if you are in default.

The CFPB issued a consumer advisory in April 2014 warning borrowers of provisions that may lead to default even if the borrower is current on payments.

Even absent an agreement, the United States would not necessarily default on Aug. 2 because there would be enough tax revenue to make some payments on its current debt.

It's important to pay attention to changes in the credit quality of the issuer, as less creditworthy issuers may be more likely to default on interest payments or principal repayment.

The penalty rate, also called the default rate, is the rate you'll pay on your card when if you fail to make on time payments.

Hovnanian skipped an interest payment due Tuesday on bonds it repurchased and parked with an affiliate, opening the door for GSO to collect payouts on credit - default swaps that insure against nonpayment.

Your loan holder may be collecting payments on your defaulted loan through wage garnishment or Treasury offset (taking all or part of your tax refunds or other government payments).

This card will only report to personal credit bureaus if you default or are late on payments.

If you do not make any payments on your federal student loans for 270 - 360 days and do not make special arrangements with your lender to get a deferment or forbearance, your loans will be in default.

Lenders reduce their risk because they can use your secured deposit to cover your balance if you default on payments.

Releasing your co-signer can protect you from surprise defaults, even if you've been making your payment on time.

«He [doesn't] have his facts straight,» Lyndon said at the time, retorting that SolarCity's customers defaulted on payments at a rate of less than 0.5 %.

If you are currently in default on a federal student loan and can not afford to make any payments toward your loan, you may benefit from a direct consolidation loan.

Rehabilitation won't repair your credit completely — your previous missed payments may still show up on your credit report — but any default notation will be removed.

They collected data about the negative aspects of consumers» credit histories, such as delinquencies, defaults, and bankruptcies, while minimizing information about on - time payments.

Rehabilitation means that your loan will be taken out of default status after you make a series of consecutive (generally, nine) on - time, monthly payments.

If you do not make any payments on your defaulted loan (s) prior to consolidating them, you will be required to sign - up immediately for one of the alternative payment plans available to all federal student loan borrowers.

When negotiating with your debt collector, the law requires your collector to determine your payment amount based on your income; however, once you agree to a payment plan, you are required to make your monthly payment in order to rehabilitate your defaulted loan.

In short, home buyers who make smaller down payments (0 % — 5 %) are more likely to default on their loans.

A steady drop in the quality of the oil Venezuela exports, as well as default on payments to various refineries, have whittled away at whatever confidence was left in the Venezuelan government.

In the industry's slimy underside, firms push borrowers into default and foreclosure, even when they've been making payments on time.

Although delinquency can lead to default, a more serious predicament, you are delinquent on your student loan as soon as you miss a single payment.