Sentences with phrase «make any payments to my creditors before»

Do I have to make any payments to my creditors before they will accept the proposed payment plan?

Not exact matches

Credit Bureaus are NOT real time so if you make a payment or payoff an account as in Jack's case it might be days or weeks before the creditor reports it to the credit bureau and thus any FICO credit score change taken into account.

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.

Before attempting to make a payment or negotiate with the creditor to pay off the balance due, the consumer should look into their state's statute time period.

Perhaps you were worried about keeping your car and chose to pay it off before filing without making payments to your other creditors.

You will have to make one payment every month to the debt consolidation firm before the chosen disbursement date and the firm will send your money to each of your creditors as agreed upon.

Creditors most likely want this money in full, so then you would need to have it on hand before you could make the settlement payment.

As long as you make your missed required minimum payment before the 30th day after your due date, you'll prevent any creditor from reporting delinquency to any of the credit bureaus.

The change is that companies offering debt relief services over the phone can not collect advance fees from you before settling or reducing your debt, before having an agreement for debt management or other services in place, or until you've made at least one payment to a creditor as a result of a plan negotiated by the debt relief provider.

You ought to be aware of credit counseling agencies and organizations that charge a high up - front or every month fee for signing up for credit counseling or a debt management plan, pressure you to make voluntary contributions or use another name for fees, send you free pamphlets contained with information about the services they provide without requiring you to provide personal financial information such as charge account numbers with balances, try to enroll you in a debt management plan without spending the time to review your current financial situation, offer to sign you up for a debt management plan without trying to help you with budgeting and money management skills, or require that you make payments into a debt management plan before your current creditors have accepted you into the program.

If so, how many payments will I have to make before my creditors will do so?

Section 310 (a)(1)(viii), as amended, will ensure that before consumers sign any contracts with or make any payments to a debt relief company, they will be informed of pertinent material facts including, among other things: (i) how long it will take to settle each debt; (ii) the cost to settle each debt; (iii) that the service will not stop harassing creditor calls or other collection efforts; (iv) that results are not guaranteed, and (v) that the settlement program may adversely impact the consumer's credit rating.

If, before you file a bankruptcy petition, you stop making payments, your creditors have the right to seize your property.

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.

For those assets and debts you are going to transfer to the other person or change from joint to individual, amend the account and title before the divorce is final, that way you aren't relying on your ex-spouse to make payments on a debt that is still classified by the creditors as joint.