Sentences with phrase «loan or credit contract»

When you signed the loan or credit contract you made a legal promise to pay back the money that you borrowed or pay for the service you signed up for within the agreed time frames.

Not exact matches

This includes, but is not limited to, the fraudulent use of your personal identity to establish credit accounts, secure loans, enter into contracts or commit crimes.

Asset - backed securities are bonds or notes backed by financial assets such as non-mortgage loans including credit card receivables, auto loans, manufactured - housing contracts, and home - equity loans.

As you can see, a consumer owing $ 5,000 on both a car loan and a credit card can free up far more cash flow by paying off the installment contract first — if he or she is near the end of the term.

This might be a credit card, personal loan, auto financing, or another borrowing contract.

It is used to determine not only whether or not you will get approved for a loan or credit card, but the amount you will be rewarded and the pricing and terms of your contract.

Paying interest on car or automobile loans helps credit scores, as would any installment contract.

Standby letters of credit are often used to guarantee repayment of loans, to ensure fulfillment of a contract, or to secure payment for goods delivered by third parties.

If you plan to borrow money from a bank, credit union or other lending institution, you already know you must be prepared to sign a legal contract outlining your obligations to the lender: On time payments until the loan is paid in full.

If your credit history reveals that you have any unpaid collection accounts, accounts that are currently ninety days or more in delinquency, lease or contract terminated by default, tax lien within the past five years (whether county, state or federal tax), foreclosure within the last five years, bankruptcy within the last five years, wage garnishment within the last five years, you may be denied the Direct PLUS Loans.

There comes a time in every person's life when their credit score may not be as squeaky clean as they would like and perhaps several late payments to specific loan or mortgage contracts.

When you apply for credit — whether it's a loan, a mortgage or even a mobile phone contract — your lender will want to know whether or not you're someone they want to lend money to.

Your personal credit score influences your ability of getting loans, contracts, or even mortgages.

If your adult child (age 18 or over) has racked up some credit card debt, and you want to help them repay the debt, you can issue them a «personal loan» by charging them interest and signing a contract, just like you would if you were a loan officer at a bank.

Under written credit contracts such as car loans, mortgages, and so forth, creditors retain the right to decide which state to sue in, so always expect creditors to choose the state with the longest statute of limitations and / or the state with the greatest amount of award!

-- Loans to purchase a car or house — Applications to move into an apartment — Cell phone contracts — Establishing utilities such as electricity, gas, phone, and cable — Applications for a credit or department store card

«Credit Services Organization» does not include any of the following: (i) a person authorized to make loans or extensions of credit under the laws of this State or the United States who is subject to regulation and supervision by this State or the United States, or a lender approved by the United States Secretary of Housing and Urban Development for participation in a mortgage insurance program under the National Housing Act (12 U.S.C. Section 1701 et seq.); (ii) a bank or savings and loan association whose deposits or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation, or a subsidiary of such a bank or savings and loan association; (iii) a credit union doing business in this State; (iv) a nonprofit organization exempt from taxation under Section 501 (c)(3) of the Internal Revenue Code of 1986, [FN1] provided that such organization does not charge or receive any money or other valuable consideration prior to or upon the execution of a contract or other agreement between the buyer and the nonprofit organization; (v) a person licensed as a real estate broker by this state if the person is acting within the course and scope of that license; (vi) a person licensed to practice law in this State acting within the course and scope of the person's practice as an attorney; (vii) a broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (viii) a consumer reporting agency; and (ix) a residential mortgage loan broker or banker who is duly licensed under the Illinois Residential Mortgage License Act ofCredit Services Organization» does not include any of the following: (i) a person authorized to make loans or extensions of credit under the laws of this State or the United States who is subject to regulation and supervision by this State or the United States, or a lender approved by the United States Secretary of Housing and Urban Development for participation in a mortgage insurance program under the National Housing Act (12 U.S.C. Section 1701 et seq.); (ii) a bank or savings and loan association whose deposits or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation, or a subsidiary of such a bank or savings and loan association; (iii) a credit union doing business in this State; (iv) a nonprofit organization exempt from taxation under Section 501 (c)(3) of the Internal Revenue Code of 1986, [FN1] provided that such organization does not charge or receive any money or other valuable consideration prior to or upon the execution of a contract or other agreement between the buyer and the nonprofit organization; (v) a person licensed as a real estate broker by this state if the person is acting within the course and scope of that license; (vi) a person licensed to practice law in this State acting within the course and scope of the person's practice as an attorney; (vii) a broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (viii) a consumer reporting agency; and (ix) a residential mortgage loan broker or banker who is duly licensed under the Illinois Residential Mortgage License Act ofcredit under the laws of this State or the United States who is subject to regulation and supervision by this State or the United States, or a lender approved by the United States Secretary of Housing and Urban Development for participation in a mortgage insurance program under the National Housing Act (12 U.S.C. Section 1701 et seq.); (ii) a bank or savings and loan association whose deposits or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation, or a subsidiary of such a bank or savings and loan association; (iii) a credit union doing business in this State; (iv) a nonprofit organization exempt from taxation under Section 501 (c)(3) of the Internal Revenue Code of 1986, [FN1] provided that such organization does not charge or receive any money or other valuable consideration prior to or upon the execution of a contract or other agreement between the buyer and the nonprofit organization; (v) a person licensed as a real estate broker by this state if the person is acting within the course and scope of that license; (vi) a person licensed to practice law in this State acting within the course and scope of the person's practice as an attorney; (vii) a broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (viii) a consumer reporting agency; and (ix) a residential mortgage loan broker or banker who is duly licensed under the Illinois Residential Mortgage License Act of 1loan association whose deposits or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation, or a subsidiary of such a bank or savings and loan association; (iii) a credit union doing business in this State; (iv) a nonprofit organization exempt from taxation under Section 501 (c)(3) of the Internal Revenue Code of 1986, [FN1] provided that such organization does not charge or receive any money or other valuable consideration prior to or upon the execution of a contract or other agreement between the buyer and the nonprofit organization; (v) a person licensed as a real estate broker by this state if the person is acting within the course and scope of that license; (vi) a person licensed to practice law in this State acting within the course and scope of the person's practice as an attorney; (vii) a broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (viii) a consumer reporting agency; and (ix) a residential mortgage loan broker or banker who is duly licensed under the Illinois Residential Mortgage License Act of 1Loan Insurance Corporation, or a subsidiary of such a bank or savings and loan association; (iii) a credit union doing business in this State; (iv) a nonprofit organization exempt from taxation under Section 501 (c)(3) of the Internal Revenue Code of 1986, [FN1] provided that such organization does not charge or receive any money or other valuable consideration prior to or upon the execution of a contract or other agreement between the buyer and the nonprofit organization; (v) a person licensed as a real estate broker by this state if the person is acting within the course and scope of that license; (vi) a person licensed to practice law in this State acting within the course and scope of the person's practice as an attorney; (vii) a broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (viii) a consumer reporting agency; and (ix) a residential mortgage loan broker or banker who is duly licensed under the Illinois Residential Mortgage License Act of 1loan association; (iii) a credit union doing business in this State; (iv) a nonprofit organization exempt from taxation under Section 501 (c)(3) of the Internal Revenue Code of 1986, [FN1] provided that such organization does not charge or receive any money or other valuable consideration prior to or upon the execution of a contract or other agreement between the buyer and the nonprofit organization; (v) a person licensed as a real estate broker by this state if the person is acting within the course and scope of that license; (vi) a person licensed to practice law in this State acting within the course and scope of the person's practice as an attorney; (vii) a broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (viii) a consumer reporting agency; and (ix) a residential mortgage loan broker or banker who is duly licensed under the Illinois Residential Mortgage License Act ofcredit union doing business in this State; (iv) a nonprofit organization exempt from taxation under Section 501 (c)(3) of the Internal Revenue Code of 1986, [FN1] provided that such organization does not charge or receive any money or other valuable consideration prior to or upon the execution of a contract or other agreement between the buyer and the nonprofit organization; (v) a person licensed as a real estate broker by this state if the person is acting within the course and scope of that license; (vi) a person licensed to practice law in this State acting within the course and scope of the person's practice as an attorney; (vii) a broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (viii) a consumer reporting agency; and (ix) a residential mortgage loan broker or banker who is duly licensed under the Illinois Residential Mortgage License Act of 1loan broker or banker who is duly licensed under the Illinois Residential Mortgage License Act of 1987.

One thing's certain — your credit score can help or hinder your financial life: whether applying for loans, pursuing a lease or entering into other financial contracts, lenders will look at your score to help them make their decision.

There are many types of loan agreements, ranging from simple promissory notes between friends and family members to more detailed contracts like mortgages, auto loans, credit card and short - or long - term payday advance loans.

The creditor shall pay to the administrator a civil penalty equal to three times the amount of the investigation fee and the annual license fee for each year or portion thereof, the creditor, in violation of Section 5-19-22, has engaged in the business of making consumer loans or taking assignments of consumer credit contracts without first having obtained a license, but in no event shall a civil penalty exceed one hundred thousand dollars ($ 100,000).

Alabama but having a resident employee in Alabama whose employment includes making consumer loans or taking assignments of consumer credit contracts shall obtain a license for the location where the creditor maintains its records regarding Alabama loans or Alabama consumer credit contracts; and provided further, that, banks chartered by this state or any other state, banks chartered by the United States, trust companies, savings or building and loan associations, savings banks and other thrift institutions, credit unions, life insurance companies, and federally constituted agencies shall be exempt from licensing.

(a) No creditor having a place of business in Alabama, or having a resident employee in Alabama whose employment includes making consumer loans or taking assignments of consumer credit contracts shall engage in the business of making consumer loans or taking assignments of consumer credit contracts without first having obtained a license for each location in Alabama from the administrator; provided, however, that a creditor having no place of business in

Consumer credit insurance covers you if you can't meet the repayments on your credit contract or loan because you are out of work, sick or injured.

If you entered into a credit contract on or after March 2013, you can apply for a hardship variation whatever the value of your loan.

Debts that can be wiped out in Chapter 7 bankruptcy include credit card debt, medical bills, personal loans, lawsuit judgments and obligations from leases or contracts.

Keep in mind that if you choose to apply for any kind of loan or line of credit, it's very important read all the paperwork (including the fine print) before committing to a contract.

There are four categories of debt that each state decides the length it is collectible for: Oral Agreements (I agree, sounds rather worthless but they carry a bigger punch than one would assume); Written Contracts (where your typical collection would be located, like a medical debt); Promissory Notes (Installment loans like your mortgage or student loan); and Open - Ended Account (Your revolving accounts like a credit card).

This includes home loans, second or third mortgages, equity lines of credit, auto loans, and financing contracts tied to a specific piece of property that may be legally repossessed by the creditor.

Although teens may not immediately grasp the importance of improving their credit score, you can explain that using a credit card responsibly will affect their ability to lease an apartment, get a cell phone contract, or take out a loan for a new car.

This cap on fees and ban on short term loans does not apply to loans offered by Authorised Deposit - taking Institutions (ADIs) such as banks, building societies and credit unions, or to continuing credit contracts such as credit cards.

The law also states that credit providers must not enter into a contract with you that is unsuitable, such as a loan you can't repay without suffering hardship or a contract that doesn't meet your requirements and objectives.

For all loans of more than $ 5,000 or with terms longer than 2 years and all continuing credit contracts such as credit cards, the fees and charges allowable are capped and must not be more than 48 % annually (including any establishment or other fixed fees).

It doesn't cover installment contracts — loans or extensions of credit you repay on a fixed schedule.

Fine print on a credit contract or loan agreement may seem like it's being deliberately hidden to siphon more money from you, and that may very well be the case.

The caller has a legal problem in relation to a loan, contract of guarantee, credit account or other banking service (such as a direct debit arrangement)

«The negative side to a credit freeze is that credit freezes can create delays and problems when credit is needed quickly in the case of applying for a loan, credit cards, or job or looking to buy or rent a home or contract with a utility company during the freeze period.

This means, for example, that both spouses signed a contract requiring them to make payments, that both spouses» names were on an account or title, or that a creditor considered both spouses» credit history before making the sale or loan.