Sentences with phrase «entire amount owed»

The benefit for the taxpayer is that the statute of limitations for collecting the debt will most likely run out before it is fully collected, so you don't repay the entire amount owed.

Firstly, you don't have to pay the entire amount you owe to your credit card company.

The key, though, is that the creditor has to think that there is a small chance that you will actually pay the entire amount owed over time.

The letter should state that the collection agency is accepting the lump - sum payment in settlement of the entire amount you owe.

A loan is taken out, which covers the entire amount owed to all existing creditors (including any applicable settlement fees).

The Direct Debit Installment Agreement must be on track to pay off the entire amount owed within 72 months; or before the Collection Statue expires, whichever is earlier.

With a debt management program, you will meet with a counselor to restructure your debt and generally pay the entire amount owed until the program is complete.

But that doesn't mean you have to pay the entire amount owed.

You can avoid paying interest by paying off the entire amount owed before the end of a billing cycle.

Many debts can actually be reduced, enabling you to pay back a portion of those debts over time, instead of the entire amount owed.

What it means to the consumer is an entry on their credit report that states the debt was charged off and the entire amount owed.

Try to pay off the entire amount owing on your credit card each month (or as much as possible).

If your car has lost value faster than you've repaid the loan, it's possible the funds from the sale will not cover the entire amount you owe.

The ungraceful period It's standard industry practice to charge interest on the entire amount owed — including new purchases — if a balance carries over into more than one billing cycle, says Norman Silber, a law professor at Hofstra Law School.

With debt settlement, you are telling your creditors «Sorry, I can't pay the entire amount I owe, but I can pay a fraction of it to you right now if you'll cancel the debt.»

Second - chaired a five - day jury trial for an electronic supply company collecting the entire amount owed, plus interest and all attorney's fees while defeating the defendant's DTPA counterclaim for $ 750,000

I received a letter from Strategic Recovery Group saying the proceeds from the foreclosure sale did not satisfy the entire amount owed and that a deficiency balance remains due.