Sentences with phrase «make payments to a creditor»

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

At that time, you stop making payments to your creditors.

Chapter 13 bankruptcy can reorganize your debt and the individual makes payments to a Chapter 13 trustee, who then makes the payments to the creditors on your behalf, for a settled amount of money, over a period of 3 - 5 years.

If accepted, you make payments to Hoyes, Michalos (the Consumer Proposal Administrator) who in turn makes payments to the creditors according to the terms of the consumer proposal.

Debt settlement requires, in most cases, that you cease making payments to your creditors.

Non-payment consequences: Debt settlement companies often encourage you to stop making payments to your creditors to persuade them to negotiate.

Debts enrolled are consolidated into 1 monthly payment that is paid to your Debt Management company, who in turn makes the payments to the creditors.

When you're struggling to make payments to your creditors and need a small loan, don't do it alone.

It is also the trustee who makes the payments to the creditors.

For example, if your credit card balance is $ 8,000 at the date you last make a payment to the creditor, six months later, it could easily have grown to $ 8,500 or $ 9,000 with interest and late fees.

You typically must stop making payments to your creditors for debt settlement to be successful.

My logic of thinking said this was a smart move because you were getting the interest rates lowered for me as well as making the payments to each creditor for me each month.

[1] Debt settlement requires, in most cases, that you cease making payments to your creditors.

You make a single monthly payment, and the counselor makes payments to the creditors.

If the settlement firm made any payments to your creditors, then settlement negotiations would be severely hindered.

One of the best advantages of filing a Chapter 13 case rather than dealing with a debt consolidation company is that you are dealing with a Chapter 13 trustee who will make payments to your creditors each month.

They also instruct consumers to immediately stop making payments to creditors on any debt entered in the World Law Program, and instead to begin making a single monthly payment into a special purpose account (SPA), ostensibly so that World Law can use it to settle consumers» debts.

In the event you cease making payments to your creditors, these lenders can repossess your automobile, or start a foreclosure on your home.

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

The firms usually tell you to stop making payments to your creditors, and instead, send payments to the debt negotiation company.

You no longer need to make payments to your creditors (though you will have to make payments to the bankruptcy trustee under a Chapter 13 bankruptcy) and your creditors will no longer be permitted to contact you.

If you're finding it difficult to make payments to your creditors, contact our helpline for advice.

But like debt negotiation, the debt settlement process can destroy your credit rating because they too often suggest that their clients suspend making payments to their creditors.

No, you are responsible for continuing to make payments to your creditors as we work to lower and / or eliminate your debt for you.

Consider making payments to creditors more than once each month.

When you don't make payments to a creditor, they will sell your debt to a debt collection agency.

If debt relief programs become a necessity for you, and you choose debt settlement companies as your best option, you will stop making payments to your creditors and start making payments into a trust account.

Debt settlement programs require you to permanently stop making payments to your creditors, and by doing so your credit report can be severely negatively impacted.

I start making payments to those creditors right away once they've got in contact me and confirmed yes, this is where the debt is and we'll take payment and we'll stop or reduce charging interest.

This means that your medical debts will not have priority if your trustee is able to make payments to your creditors.

Debt settlement companies usually advise you to stop making payments to your creditors, and deposit money in a separate account for a future settlement.

Many providers also tell consumers that they can, and should, stop paying their creditors, while not disclosing that failing to make payments to creditors may actually increase the amounts consumers owe (because of accumulating fees and interest) and will adversely affect their creditworthiness.

A general rule of thumb with secured credit is: if you wish to keep your property, you need to keep making payments to your creditors.

Basically, rather than making payments to the creditors you save up money in a special account.

The FTC appears to have a clear understanding of the implications for consumers when they are instructed to stop making payments to their creditors and to pay the debt settlement companies instead.

Depending on your specific financial situation, you may or may not be making payments to your creditors when you decide to file bankruptcy.

The record shows, however, that consumers» credit ratings are harmed, often substantially, as a result of not making payments to creditors.

Once we've received your payment in our bank account we'll process the money and make payments to your creditors.

Making payments to some creditors at the expense of others, for instance to a bank that the director has given a personal guarantee to

Chapter 13 bankruptcy filers make payments to their creditors over a three - to five - year period.

The trustee makes payments to creditors in accordance with the terms of the plan.

Not exact matches

In what analysts and markets see as the final deadline, Greece has to reach a deal with creditors Saturday or it will fail to make a crucial debt payment due to the International Monetary Fund on Tuesday.

PREPA is still working on a long - term restructuring with its creditors, which loaned the beleaguered utility more cash to make the payment.

If you can't afford to make the full payment due, contact the creditor and try to negotiate an alternative payment schedule.

You will make payments each month to your counselor who will then disburse the payments among your creditors.

You are required to make one monthly payment to your credit counselor, who then distributes the funds to your creditors on your behalf.

With the InCharge debt consolidation alternative, you make only one consolidated debt payment to InCharge and we handle the payments to each creditor; this delivers the convenience of debt consolidation without the risk of taking out a new loan.

Making on - time, in full payments to vendors and creditors is key to maintaining a good to excellent credit score.

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.

Dubai - based developer, Limitless, is making an early payment of AED2.07 billion (US$ 0.56 billion) to banks and trade creditors after concluding a restructuring agreement with lenders.