Sentences with phrase «existing unsecured debts»

Bankruptcy is a form of insolvency, that is, a declaration that you are unable to reasonably pay off your existing unsecured debts.

If you find out that your existing unsecured debt is cheaper than the consolidation loan that is being provided to you, it is better to avoid consolidating it.

John is more likely able to qualify for a lower - interest home equity loan to refinance his existing unsecured debt.

It is common for Canadians to obtain a debt consolidation loan to pay off their existing unsecured debt including credit cards, personal loans, and lines of credit.

Not exact matches

And with the unsecured debt markets essentially closed to many of these banks, the ECB loans will be needed to fund existing assets.

Be sure to include in the listing all your existing debts, both secured and unsecured.

However, it can also be a simple matter of cash flow, with the need for unemployment loans that are unsecured acute if existing costs and debts are to be dealt with.

Also, consider taking out a consolidation loan to deal with all of the unsecured debts, and lower the monthly repayments that exist.

A debt consolidation loan is typically an unsecured form of financing used to combine existing debt and may be used to simplify bills and reduce monthly payments.

While some financial emergencies can be solved by using a credit card, cards have been a source of financial problems because as a source of existing easy credit they have often been used casually, at times irresponsibly, and ultimately led to people having significant unsecured debt incurring high interest rates.

For example, if you are trying to lower your existing interest rates on your unsecured debt or just looking to get out of debt faster, taking a personal loan even at a slightly higher rate may help improve your credit, lower your monthly payments, save on interest in the long run and even help you get out of debt faster.

A chapter 13 bankruptcy is for wage earners who make a reorganization plan of their existing disposable income to fund payments over a 3 or 5 years to pay off all or a part of their unsecured debts.

A debt management plan, or DMP, is a non-legally binding agreement between you and your creditors that combines your existing unsecured, non-priority debts into a single monthly repayment plan.

Yes, you can take out a personal loan with a relatively low - interest rate to repay your existing pdls and other unsecured debts.

Other options, including 401 (k) loans and home equity loans, do exist but generally aren't recommended, especially if you're consolidating unsecured debt.

There are programs available to assist consumers with credit cards, unsecured debt, student loan debt, mortgage debt and just about any type of debt that exists.

However, one of your team members, Brian, whom I met in Santa Ana, really cared about my situation and gave me such sound advice that not only was I able to keep my existing residence, but he informed me that if I filed Chapter 13, there would be a way to remove the 2nd trust deed loan on my primary residence as well as unsecured debt.

Brandywine plans to use the net proceeds from the transaction to retire existing debt, including balances under its unsecured revolving credit facility.