That said, these cards typically require a personal guarantee, meaning that the cardholder will be on the hook
for any debts on the card if the organization can't pay.
The flipside is that you'll be personally responsible
for the debts on the card, so if your business falls behind on its payments, the delinquency will show up on your credit report.
The business owner is personally responsible
for the debts on a business credit card account.
Below is a simple list on what most bad debt companies pay
for the debts on which they are trying to collect.
Becoming an authorized user won't have a huge impact on your score because you aren't legally responsible
for debts on that account.
By putting control of the business in the hands of a man who seemed «perfect» on the outside, but without doing due diligence, had the consultant skimming the profits and ultimately declaring bankruptcy, leaving Williams and Molinaro responsible
for the debt on the chain.
The only time the spouse would be responsible
for the debt on a credit card is if they had a joint credit card agreement.
It's important to follow this agreement because only the primary account holder is responsible
for the debt on the card.
GAAP accounting by Toyota Industries and GAAP accounting
for debt on the balance sheets serve as two examples of how GAAP provides the Third Avenue analyst with objective benchmarks and how the Third Avenue analyst uses those objective benchmarks to get at his or her version of truth and accuracy.
This can get tricky if you signed up
for the debt on the Internet rather than at a brick - and - mortar store located in your state.
When or if the time comes in your life where you are in serious need of getting a loan but find your credit is not sufficient enough to convince a bank or credit union to loan you the money, you may turn to a co-signer - someone with a good credit score - who will agree to take responsibility
for the debt on your behalf if you ever find yourself unable to pay the loan.
The statute of limitations for a debt is usually different from the reporting period
for a debt on your credit report.
A «piggybacker,» more commonly known as an «authorized user,» is a person permitted to use a credit card by a primary cardholder who maintains responsibility
for all debt on the card, regardless of who makes the charges.
If you are the primary card holder, you are solely liable
for any debt on the credit card account, so talk to your credit card provider about cancelling the secondary card.
But, the creditors can not legally collect from
you for the debt on the accounts if you are an authorized user.
The government introduced a new pre-action protocol
for debt on 1st October...
Not exact matches
DAKAR, April 24 - Congo's state miner Gecamines is starting legal proceedings to dissolve its Kamoto copper and cobalt joint venture with a subsidiary of Glencore, blaming the commodities giant
for high
debts that have weighed
on the mine
for more than 10 years.
May 1 - Boeing Co said
on Tuesday it entered a definitive agreement to buy aerospace parts company KLX Inc
for $ 4.25 billion, including
debt.
TORONTO, May 1 - The Canadian dollar fell to a four - week low against its U.S. counterpart
on Tuesday before paring its decline, as Bank of Canada Governor Stephen Poloz said the outlook
for the domestic economy is good despite the overhang of high household
debt.
Attendees sit beneath a rendition of the U.S. national
debt clock at an event
for John Kasich, governor of Ohio and 2016 Republican presidential candidate, in Madison, Wis.,
on Monday, March 28, 2016.
Credit - card
debt on top of student loans could send someone into
debt for decades.
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential
for additional forward losses
on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect
on aircraft demand and build rates of changing customer preferences
for business aircraft, including the effect of global economic conditions
on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals
for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact
on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact
on the demand
for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns
on pension plan assets and the impact of future discount rate changes
on pension obligations; 17) our ability to borrow additional funds or refinance
debt, including our ability to obtain the
debt to finance the purchase price
for our announced acquisition of Asco
on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted
on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence
on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments
on defense; 25) the possibility that our cash flows and our credit facility may not be adequate
for our additional capital needs or
for payment of interest
on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions
for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
Unless there is some wrinkle to the green bond plan that has yet to be revealed, this appears to be just a way
for the province to load up
on debt.
The miner, under the leadership of Executive Chairman John Thornton, has focused
for the past three years
on reducing
debt by more than 50 percent from the more than $ 13 billion it hit at the end of 2014 due to overpriced acquisitions and mine development, including Pascua - Lama.
But
debt is still a major consideration
for most Canadians when they head out to shop, which is limiting the strength in consumer spending and having an effect
on the balance sheets of retailers, Ferley added.
That all changed
on March 25 when it bought a piece of Ireland's Bord Gais Eirann and its 17 wind projects
for $ 960 million, which includes $ 280 million in
debt.
Those consumers are carrying record levels of
debt, so it's unlikely they can be counted
on to carry the economy
for much longer.
That fact is adding urgency to the task of electing cooperative Republicans — a need underscored last month when Cruz forced McConnell to scramble
for votes
on a deal to lift the
debt limit.
It is not as if Ontario is having problem finding takers
for its
debt and yields
on the province's bonds are competitive with other provinces.
Paying it off should be your top priority, and we have tips
on how to get out of
debt for good.
Actual operational and financial results of SkyWest, SkyWest Airlines and ExpressJet will likely also vary, and may vary materially, from those anticipated, estimated, projected or expected
for a number of other reasons, including, in addition to those identified above: the challenges and costs of integrating operations and realizing anticipated synergies and other benefits from the acquisition of ExpressJet; the challenges of competing successfully in a highly competitive and rapidly changing industry; developments associated with fluctuations in the economy and the demand
for air travel; the financial stability of SkyWest's major partners and any potential impact of their financial condition
on the operations of SkyWest, SkyWest Airlines, or ExpressJet; fluctuations in flight schedules, which are determined by the major partners
for whom SkyWest's operating airlines conduct flight operations; variations in market and economic conditions; significant aircraft lease and
debt commitments; residual aircraft values and related impairment charges; labor relations and costs; the impact of global instability; rapidly fluctuating fuel costs, and potential fuel shortages; the impact of weather - related or other natural disasters
on air travel and airline costs; aircraft deliveries; the ability to attract and retain qualified pilots and other unanticipated factors.
Here's a brief primer
for the uninitiated:
Debt rating agencies are organizations that regularly produce opinions
on the likelihood a given debtor will pay its
debts.
The latest clinical trial outsourcing / drug development and manufacturing merger hit
on Monday as scientific instrument giant Thermo Fisher announced it would buy drug ingredients maker Patheon
for $ 5.2 billion ($ 7.2 billion is you count $ 2 billion in net
debt).
On November 16, 2006, Clear Channel Communications, which was publicly traded at the time, announced that it had agreed to a leveraged buyout totaling $ 26.7 billion, including $ 18.7 billion
for the shares plus the assumption of $ 8 billion in
debt.
For those who have never taken
on investment
debt before, he recommends assuming 10 % to 30 % of borrowing capacity.
The Canadian Medical Association, argued in its pre-budget submission that the government should maintain access to the small business deduction
for physicians, since they enter the workforce later in life and often with significant
debt, and unlike small businesses are unable to pass
on higher costs to clients.
Canadians ignored warnings from policymakers about piling
on debt for years because low interest rates were too enticing.
But a poll conducted by Abacus Data
on behalf of Maclean's
for the Canada Project shows the country's citizens are getting more and more comfortable carrying large amounts of
debt — with more of that money coming from family and friends.
Between 2008 and 2012, the federal government implemented a handful of ad - hoc policies meant to deter poorer households from taking
on excessive
debt, including the reduction of the maximum amortization period
for government - backed home loans to 25 years from 40 years.
You may not be able to avoid
debt entirely, so borrowing should be focused
on paying
for things that help build your net worth, such as a home or education.
One of my constant points
on this blog
for the last several years has been that households» refinancing of their mortgage
debt at lower and lower rates has put more money in their pockets
for spending and
for paying down
debt.
But low interest rates, at least in Canada, have pushed household
debt to such vertiginous levels that officials like Carney know they shouldn't be counting
on consumer spending to drive the recovery — ergo, the call
for more corporate investment.
«The Harvey relief would pass
on its own, and to use that as a vehicle to get people to vote
for a
debt ceiling is not appropriate,» he said.
This makes
for a great opportunity to focus
on paying off your mortgage and any other
debt.
The Greek government is asking its creditors to avoid excuses and proceed with talks
on much - needed
debt relief
for the country.
«There won't be enough money in the government to allow
for a tax cut and fiscal stimulus program if in effect the government can't even pay the interest
on the
debt without borrowing the money.»
Greece will have to keep waiting
for details
on how much
debt relief it will get even though its bailout program is coming to an end, the Eurogroup President told CNBC
on Thursday.
A few years back, I was
on the hook
for about $ 4,000 — a mix of medical expenses, along with some credit card
debt.
Thomson Reuters would receive more than US$ 17bn
for the deal, including about US$ 4bn in cash from Blackstone and about US$ 13bn financed by new
debt taken
on by the new F&R partnership, two of the sources said.
Other than looking
for a new CEO — the company announced
on Monday its top executive Michael Pearson was stepping down — the troubled pharmaceutical company's most pressing problem is its
debt, of which it has $ 30 billion.