Sentences with phrase «high on the creditor»

Also, accounts that have been paid off will not be very high on the creditor's list of priorities, since they have already have the money and therefor are less likely to dispute the matter.

Not exact matches

At its worst, the 1,850 - room hotel and its 60,000 - square - foot casino was estimated by creditors to be worth at least US$ 360 million, thanks to its historic brand and high - profile location next to the MGM Grand (which was built on the Trop?s former golf course).

Greek equity markets ended the week higher, even as the news — which was all good on Monday after Tsipras made his first real concessions to creditors since becoming prime minister in January — became steadily more discouraging by the day.

On the other hand, a high debt - to - equity ratio translates into higher risk for shareholders since creditors are always first in line for compensation should the company go bankrupt.

The best way to stay out of default is to avoid taking on high - interest rate, long - term car loans — which creditors often market to low - income, poor credit score consumers.

Poor Credit Credit Cards - 3 Tips to Getting Approved Just a few black marks on your credit report — a couple of late payments, an account that's been «charged off» — can be enough for creditors and lenders to consider you a «high risk» customer.

If you pay your bills late or run up high balances on your credit card, for example, that's a red flag to creditors.

If the borrower has low credit, the creditor charges a higher interest rate premium due to the risk of default, especially on uncollateralized debt.

If it's higher than what you're paying on most of your loans, you may end up paying more than you would if you continued paying all of your creditors separately.

Credit worthiness depends on this kind of things; you need to show the creditors you are reliable and that the risk of lending to you is not high as it was when you filled for bankruptcy.

Eliminate the high cost of credit card debt: Creditors are required by law to post the annual percentage rate of your credit card debt on each monthly statement.

$ 40,000 credit card debt - Turning 58 - Have good paying job - Faced recent financial challenges (medical / family assistance) over last 5 months - Have 10 credit cards (3 with high balances, $ 15,000, $ 9,000 and $ 8,000)- Late payments only to the above 3 credit card accounts (3 mos, 2 mos, 1 month)- Made recent payments to 3 credit card accounts to bring accounts to temporary favorable status - Mortgage current - Completed graduate degree but left to pay last year out of pocket when reimbursement program was greatly reduced - Consulted with debt management counselor to go on budget and work with creditors to be paid out of a single monthly payment.

Because unsecured loans are more risky, unsecured creditors often impose higher interest rates on the money you borrow.

House payments and vehicle loans often have higher late payment penalties, and the lenders can foreclose on your home or repossess your vehicle if you default, as compared to a potential lawsuit by a medical creditor.

Following are the things that can effect changes on your scores: • Consistent and constant late payments • Increased or reduced credit limits • Higher credit card balances • Higher HELOC (Home Equity Line of Credit) balance • Closing revolving accounts • Recent credit inquiries made In the same way, any new practice you start in managing your credit takes effect and influence your credit scores within 30 to 60 days; due to the lag time between the action you take against the period it takes the creditor to report the action to the agencies who handle credit reports.

But if you have one or two accounts with very small balances and it would make you feel good to get them paid off quickly, send them the remainder (what's left after you pay every other creditor their monthly minimum), even if the APRs on these accounts are not the highest you're seeing.

If you come into any «extra» money — a bonus, a tax refund, unexpected overtime — send it right away to your highest interest rate creditor (Capital One on the whiteboard example).

To have a score that low means you have a history of nor paying your creditors on time — now why does the government insist on loaning money to high - risk borrowers?

If a creditor sees that your debt to income ratio is too high, on the other hand, they may view you as a risky borrower.

A troubled issuer is a company which has either defaulted on money payments due creditors, or where there appears to be a high degree of probability that such a default will occur.

All of these credit models work on the basis that the higher your score, the less risk you are to creditors.

It is usually best to focus on paying down the creditors with the highest interest rates first, while leaving those with the lowest interest rates for payoff last.

On the other hand, a high debt - to - equity ratio translates into higher risk for shareholders since creditors are always first in line for compensation should the company go bankrupt.

The actual amount you will pay may be higher or lower, and will depend on which creditors you owe (some creditors require more than others), and on what you can afford to pay each month (based on your family income, the size of your family, and your assets).

That's because your credit score is considered to be a «report card» of sorts — and based on this information, it is a key determinant about whether you'll get a high or low interest rate from the lender or creditor... or even if you qualify for credit at all.

Imagine that after only seeing a credit report and some preliminary information the creditors make what you might consider a high debt settlement offer such as 75 cents on the dollar.

Prior to these changes, companies like these could (and did) charge high up - front fees, sometimes in the thousands of dollars, before even approaching creditors to try to negotiate on behalf of the debtor.

The reason for such high interest on the loan is that even with the power of sale a lender might not get paid because creditors who came before must first claim their investment.

This lets you focus on one interest rate and one payment per month — this can be helpful if you are struggling with lots of accounts that have high interest rates.Credit counseling will work with enrolled creditors to try to lower your interest rate — this is called a concession rate.

Because lenders and creditors place a high weight on your credit score, this information can essentially either help you or hurt you when you're applying for a mortgage or other loan, as well as in other types of transactions like obtaining a credit card.

Creditors usually offer lower interest rates, higher spending limits and better terms on secured lines of credit.

Present in this area will be all of your accounts as well as the information below: - Creditor - Account numbers - Most recent account balance - Date you opened the account - Credit limit - Account status - closed, inactive, open, etc. - Current payment status - late, 30 days late, 60 day late, etc. - Payment history - Monthly payments being made - Last dates each of the bureaus updated the account - High balance - More specifically, the highest balance you ever had on the account.

This process can create a high degree of risk for consumers, who are open to abuse by companies interested in only collecting up - front fees while leaving consumers to deal with disgruntled creditors, most of whom are not interested in waiting for years to accept a pennies - on - the - dollar settlement.

(a) No creditor shall induce or permit any person or any husband and wife, jointly or severally, to become obligated directly or contingently, or both, on more than one consumer credit transaction at the same time for the purpose of obtaining a higher finance charge than would otherwise be permitted by Section 5 -19-3.

The NCLC concluded that debt settlement companies use «a business model that is inherently harmful to consumers» because consumers are required to pay high fees for debt settlement programs that they are unable to complete, resulting in increased collection efforts and growing debts while their creditors continue to pile on fees and interest accrues.

The higher the score on your Equifax credit report, the less risky you will be considered by creditors.

Doug Hoyes: And that's why the success rate on consumer proposal is so high; if the creditors know they're going to get more money in a consumer proposal than they're going to get in a bankruptcy, and the person who owes the money is filing the consumer proposal because they want to avoid bankruptcy, they want to pay back at least a portion of their debts.

For these consumers, creditors may extend credit at higher interest rates as there's more risk of defaulting on loans.

An «administrative expense» is just about the highest level of priority a creditor can receive for goods sold on open account (that is, where no lien is obtained to secure the repayment).

By ensuring that your creditors are only reporting fantastic data, your reports and scores will take you where you want to go: on the road to high scores, with no crashing into expensive debt, payment delinquencies and collection activity.

If your windfall payment is not enough to cover all of your debt, focus on the debts with the highest interest rates first to reduce the amount of interest you are paying to creditors.

In addition, Salt Lake Shareholders Ken Cannon and Steve McCardell (both in the category of Bankruptcy & Creditor / Debtor Rights) are featured on the 2009 Mountain States Super Lawyers «Top 75» list, which includes attorneys throughout Utah, Nevada, Montana, and Wyoming who received the highest point totals in the Super Lawyers nomination, research, and blue ribbon review process.

The case concerned a compromise under Part 14 of the Companies Act 1993 that was set aside by the High Court on the basis that the challenging creditors, who had voted against the compromise, had been unfairly prejudiced by the decision to call only one meeting of creditors.

I started as a commercial litigator with a high volume practice focussed on debtor / creditor law, loan and asset recovery and mortgage enforcement.

Our work has resulted in a number of the largest recoveries in U.S. history on behalf of institutional investors, high - net - worth individuals, and other trustees and creditors.

A different decision from the High Court could not only have had implications for creditor confidence in the Islamic finance market going forward, but also could have opened the floodgates for issuers to use the argument that their existing Islamic financings are not Shari'ah - compliant as a precursor to force creditors into financial restructurings on more advantageous terms.

Credit Life Insurance Although you can obtain credit life insurance (term) as an individual, it is usually sold on a group basis to a creditor, such as a bank, finance company or a company selling high priced items on the installment plan.

Higher - risk loans will now require creditors to use a licensed or certified appraiser who prepares a complete report on physical inspection of the property.

Settlement agents also explained that creditors under alternative 2 would have to hire and train additional staff in the settlement process, which would result in higher costs being passed on to consumers.

Similarly, a large consumer advocacy group commenter argued that creditor - paid mortgage insurance should also be disclosed on the table required by proposed § 1026.37 (c) because those amounts are generally paid in the form of higher origination fees or a higher interest rate.