Sentences with phrase «made by creditors»

It's important that consumers stay on top of their credit reports to avoid any mistakes made by the creditors and the credit bureaus.

A claim in bankruptcy must be made by all creditors wanting to get paid during the process.

Determine which inquiries to address; soft inquiries made by a creditor for the purpose of extending an offer of credit do not affect your credit rating.

Any claim not made by a creditor within a certain time frame may be subject to being discharged by the bankruptcy court.

Not with standing any agreement to the contrary between a debtor and a creditor, any charges made or incurred by a collection agency or incurred or made by a creditor in employing a collection agency or agent to collect the debt shall be deemed not to be a part of the amount owing by the debtor and shall not be recoverable by the creditor or by the collection agency or agent acting on behalf of the creditor..

Depending on the type of request being made by the creditor, that credit inquiry may end up on your credit report.

A loan or credit sale made by a creditor.

Whether a demand for payment had been validly made by the creditor.

Not exact matches

Have your credit application form reviewed by an attorney specializing in creditors» rights to make sure it is in line with your state's regulations.

She said there often is a triggering event — such as a lawsuit filed by a creditor — that makes people realize how much trouble they're in.

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.

Jacobs worked on Globalstar, one of the earlier satellite communications projects that never made it big, went bankrupt in 2002 and later was revived by creditors.

So most of the debts were owed to the rulers themselves, or to their palace (tax) collectors who gradually became independent creditors by the wealth they made.

And, if there is something you feel requires additional information to describe an extenuating circumstance or otherwise provide context to something negative on your report, additions made to the Fair Credit Reporting Act in 1996 allow you to add a 100 - word statement to any of the reports that include an item you dispute but wasn't removed because it was verified by the creditor.

That if creditors make a debt that can not be repaid, the debt is by definition odious, and there is no need to pay it.

The closing of the doors took place in a very low - key way: there was no formal declaration of any capital controls, but the Korean banks could obtain foreign exchange only by going to the central bank, so the central bank could strengthen the banks» bargaining position vis - a-vis the creditors by simply not making foreign exchange available to them.

This two - part system is designed to exploit the role of equity in reducing the risk appetite of banks by requiring them to have more equity in their capital structure, and the role of uninsured debt by making it more desirable for creditors to monitor bank management.

By making on - time minimum payments to all creditors and maintaining account balances below credit limits, a secured credit card combined with responsible financial behavior can help you establish or rebuild your credit history.

The framework of the deal, which you can read in this formal statement issued at the end of the latest conference, does make progress in helping Greece bring down its debt level by potentially inflicting losses onto official creditors.

They do, however, make it more manageable by cutting down the number of creditors you'll have to deal with.

The country is $ 70 billion in debt, schools are closing by the hundreds, and infrastructural services — like the overburdened electricity system — have been overlooked in order to make way for debt payments to Wall Street creditors, according to Juan Cartagena, President and General Counsel of LatinoJustice PRLDEF, a public interest law firm.

Moreover, covenant - lite loans — high - risk instruments issued by junk - rated borrowers, with few protections for creditors — made up 72.5 % of that total, a record.

«Unfortunately, despite the new owners fulfilling all the requirements of the Football League and the creditors, and agreeing and signing up to the required terms of the purchase of the club, at the 11th hour the goalposts have been moved by Mr Gaydamak and this has now made the deal impossible to complete.

«It is neither in the interests of the club nor its unsecured creditors for such a ransom payment to be made, particularly where the payment is being demanded by one of the authors of the club's current circumstances.

You may rebuild your credit by making payments to all your creditors on time and keeping account balances low relative to the credit limit.

Bankruptcy will not normally wipe out: (1) money owed for child support or alimony, fines, and some taxes; (2) debts not listed on your bankruptcy petition; (3) loans you got by knowingly giving false information to a creditor, who reasonably relied on it in making you the loan; (4) debts resulting from «willful and malicious» harm; (5) student loans owed to a school or government body, except if the court decides that payment would be an undue hardship; (6) mortgages and other liens which are not paid in the bankruptcy case (but bankruptcy will wipe out your obligation to pay any additional money if the property is taken back by the creditor).

You pay off your existing creditors with the new loan and thus, replace your multiple bills with a single loan, which you have to pay by making single monthly payments.

The three major consumer credit reporting bureaus make big money by allowing potential creditors to view your credit profile.

They are based on information in your credit report that suggests you meet criteria set by the creditor making the offer — for example, you live in a certain zip code, you have a certain number of credit cards, or you have a certain credit score.

This can be done by either, making arrangements with the creditors or paying off the debt.

If you fall behind in paying your creditors or an error is made on your account, you may be contacted by a «debt collector.»

Our specialists will bargain with your creditors and get them to reduce the amount of money you owe by up to 60 % and they will also agree to low monthly payments that you will afford without making huge sacrifices.

Avoid defaults and collections by calling up the creditor and making some sort of payment arrangement as soon as you know you will miss that first payment, when they can still work with you.

Most of the reasons involve the trustee's selling your stuff because he can make money by selling them, paying off the liens on them, paying you your share of the money (your exemption) and, if he still can make more money after all of that, it is his to use pay to your creditors.

«No creditor may make a loan secured by real property [i.e., a mortgage loan] unless the creditor, based on verified and documented information, determines that, at the time the loan is consummated, the consumer has a reasonable ability to repay the loan... and all applicable taxes, insurance, and assessments.»

First, try to pay off any accounts that are currently in collections by making payment arrangements with the creditor.

Debt settlement companies not only know the tactics that make success likely, but also help to alleviate creditors» harassment by becoming their contact instead of you.

These are secured loans, the property guarantees the loan and the creditor can rest assured that if you fail to make the monthly payments he can recover his money by means of the legal action of repossession.

Creditors and collection agencies may refuse to lower the payment amount, interest rate or fees owed by the consumer and make collection calls or file lawsuits against the consumers represented by the debt relief companies.

The time begins from the day you fail to abide by the agreement or contract with the creditor, which typically means when you fail to make a monthly payment as required.

So you'll probably have to fall behind on your payments by at least 90 days before you can make a settlement offer that would be accepted by the creditor.

During the collection process that begins after you miss a credit card payment, creditors will generally try to convince you to get back on track by making catch - up payments.

«They are based on information in your credit report that suggests you meet criteria set by the creditor making the offer — for example, you live in a certain ZIP code, you have a certain number of credit cards, or you have a certain credit score.

When you make a debt validation request, you're asking the debt collector to send proof that the debt is yours and that they're authorized by the original creditor to collect that debt from you.

While most creditors will pull a consumer's FICO score when making decisions, the PLUS score can be used by consumers to get a better education about what credit repair tasks are necessary.

Information we obtain to verify representations made to us by you — such as your creditors, outstanding loans, or open lines of credit with others; and,

, is that one of the complicating factors in a crisis is the tendency of policymakers (along with workers, creditors, small businesses, and middle class savers) to change their behavior in response to a crisis by taking steps that protect them from the consequences of the crisis but that also make the crisis worse.

We are all too familiar with these tactics and have developed the best known plan of action to make sure the creditors as well as the credit reporting agencies adhere to and abide by all the rules and regulations of the Fair Credit Reporting Act.

If these actions reveal mistakes by creditors, follow up with the credit bureaus to make sure the inaccurate information has been removed.

Being contacted continuously by creditors causes a significant amount of stress and anxiety, and the only way to avoid it is to make sure the debts are dealt with properly.