Sentences with phrase «full amount of one's debt»

Debt Settlement A process of negotiating with creditors to accept payment that is less than the full amount of the debt owed.

Debt settlement is a process of negotiation with one's creditors to «settle» for a payment that is less than the full amount of the debts.

The full amount of the debt could be called up for repayment in total or it could be turned over to a debt collection agency.

Cosigners may have to pay up to the full amount of the debt if the borrower does not pay.

A consumer proposal is for people who are unable to repay the full amount of their debts, but don't want to file personal bankruptcy.

Debt settlement is where you negotiate with your creditors to pay less than the full amount of the debt.

Stopping payments or paying back less than the full amount of your debt will hurt you credit rating; and • False claims about government involvement or approval.

· If you plan to pay off the full amount of debt on you card in a year, then I recommend taking this option.

But with a debt consolidation, loan you lock yourself into a term length where you commit to paying off the full amount of your debt over a period of anywhere from two to over 10 years or more.

If you do default on the loan your creditors could call up repayment the full amount of your debt or they could turn over the debt to a debt collector.

A debt collector will begin calling you to get you to agree to pay the full amount of the debt.

You're just going to have to pay the full amount of your debt.

It's a legal debt relief process intended for individuals who can't pay the full amount of their debts,... Read more»

After all, what's the big deal about adding $ 10,000 to your income, neglecting to list the full amount of your debt, or embellishing a little on your employment status?

Debt buyers purchase charged - off debts from original creditors at a fraction of the price and then attempt to collect the full amount of the debt.

If the creditor is unwilling or unable to write off the full amount of the debt, consider seeking a partial write - off.

Borrow the full amount of your debt, use it to pay off your creditors, and then focus on paying off the one loan.

That doesn't mean you don't still owe the full amount of your debt.

In most cases a Chapter 13 Wage Earner Plan results in you paying less than the full amount of your debts owing, and so that may be the preferable option.

(«Joint and several liability» means that both borrowers are fully liable for the full amount of the debt).

If you wonder how to convince your lender to actually accept a lesser payoff — the answer is that the lender must be convinced you have no ability to pay the full amount of your debt now or in the foreseeable future.

The debt buyer then attempts to collect the full amount of the debt from you.

Credit lenders expect to be repaid the full amount of the debt you incur when you charge purchases to your account.

It's a legal debt relief process intended for individuals who can't pay the full amount of their debts, but don't want to file bankruptcy.

So if the bank went bust, you'd receive compensation for savings from the FSCS, and still owe the bank the full amount of your debts.

It's important to understand that credit counseling, unlike debt settlement (also referred to as debt negotiation or debt resolution), does not reduce your debt — you will still owe the full amount of your debt.

The full amount of the debt that they are pursuing is accounted for and documented by your original creditor.

Your creditor will ask you to pay the full amount of the debt instead of paying the instalments you first agreed.

If the SOL has not expired, the credit card company can file a lawsuit and get a judgment against you for the full amount of the debt, plus interest, penalties, court costs, and attorney fees.

Our use of Bailout is in no way meant to suggest somebody is going to pay off all your debts for you, or forgive the full amount of your debts.

The difference between a debt management plan and a debt settlement service, is that with a Debt Management Plan, you agree to repay the full amount of debt that you owe — so your credit score will get better over time as you pay back your debts.

Depending on your income and other circumstances, your Chapter 13 plan may require repayment for the full amount of the debt, or you may only be required to pay off only a small percentage of your debts.

You're repaying the full amount of your debt, which will keep your creditors happy.

They will still look to recover the full amount of the debt from whomever is named on the card.

The debtor spouse is no longer liable for that particular joint debt to the creditor, but the non-filing spouse remains liable to the creditor for the full amount of the debt.

Some calculate the full amount of debt and use that amount for the length of the debt.

Joint and Several Liability — the Lender can collect the full amount of the debt from anyone who signed the note.