Sentences with phrase «n't default on the loan»

It may make the most sense to switch to an income based repayment plan which will lower your monthly payments and help ensure that you don't default on your loan.

In order to enjoy all the features of a reverse mortgage loan, and ensure that you do not default on the loan, you are responsible for:

As long as you maintain full - coverage insurance with proper limits and deductibles, you won't default on your loan.

But debt consolidation can also be a great strategy to ensure that you don't default on your loans or make late payments, which will also hurt your credit score.

The best way to avoid this is to not default on your loans.

In many cases, people will find that some savvy budgeting is all that they need to do in order to not default on their loans.

That may be true, but they also typically don't default on their loans, live beyond their means, and ultimately require a bailout to stay solvent.

I have not defaulted on my loans.

This will help you formulate a plan for paying off your student loan debt and make sure that you don't default on the loan repayment.

LoanMart stays in contact with their customers to ensure you do not default on your loan.

Lenders are now looking for better credit history and more assurances that the borrower won't default on the loan.

This way I am not defaulting on the loan.

After few years now my student loans have risen over $ 75,000 due to interest rates and my ability to not default on loans that could cause further financial hardship.

In order to enjoy all the features of a reverse mortgage loan, and ensure that you do not default on the loan, you are responsible for:

Not exact matches

«Explain that you've been making the payments on time and it doesn't make sense to treat this as a default because that will turn a good loan into a bad loan.»

Producers in Canada and the U.S. aren't making any money resulting in projects getting shut down and companies defaulting on their loans.

It has been established that a large portion of income - driven plans are for higher income borrowers who are not likely to default on a loan.

It's not to teach students how to get better work, but how to provide banks with a free giveaway opportunity from the government, by making junk loans that are defaulted on.

If you're in default on student loans, know that you're not alone.

It's not easy to repair a credit score once it's tanked, and defaulting on your loans can do serious damage.

«I've never declared bankruptcy or defaulted on a loan; I haven't been more than 60 days late on any credit card, medical bill, or loan in the last year; I've had a loan or credit card for three years or more with a credit limit above $ 5,000.»

Lending Club has always targeted prime borrowers who aren't likely to default on a loan.

As if dealing with the death of a loved one isn't hard enough, having your loans go straight to default is salt on the wound.

If you rehabilitate a defaulted loan and then default on that loan again, you can't rehabilitate it a second time.

Any jumbo loans that a lender can't sell stay on the lender's books and expose the lender to the risk that the jumbo loan borrower would default on an expensive home that would be hard to re-sell after foreclosure.

If you do not make any payments on your federal student loans for 270 - 360 days and do not make special arrangements with your lender to get a deferment or forbearance, your loans will be in default.

(For eligible attorneys) Provide supervision, education, or training of other persons providing prosecutor or public defender representation and must not be in default on repayment of any federal student loans

Exceptions would include students who have previously defaulted on a student loan, or students seeking loans to attend schools not on any lender's list of eligible schools.

If you are currently in default on a federal student loan and can not afford to make any payments toward your loan, you may benefit from a direct consolidation loan.

If you do not make any payments on your defaulted loan (s) prior to consolidating them, you will be required to sign - up immediately for one of the alternative payment plans available to all federal student loan borrowers.

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

The co-signer doesn't just sign on the loan, he or she is making a promise to repay the loan if the borrower defaults.

To approve your loan, lenders want to make sure that you will make your monthly loan payments on time and are not likely to default on your loan at any point in the future.

You won't go into default on your student loans or let your credit card balance carry over from one month to another.

Without any response or acceptance into an IDR plan, they end up defaulting on their loans because they can not afford payments under the Standard Repayment Plan.

They may also be lumbered with a property that they can not afford to repay, and this will ultimately result in a default on the mortgage loan and the repossession of the property.

Defaulting on a loan happens when repayments aren't made for a certain period of time.

For borrowers unsure of their future finances, interest - only loans are not a good choice, as the benefit of low initial payments is likely not worth the risk of defaulting on the loan.

The fact that we don't have non-recourse loans leads me to believe it's not accurate to consider families would choose to default on loans rather than remove their children from private schools or cut out the annual Chamonix ski trip etc..

It also won't put any existing assets at risk of repossession, should you default on the loan.

We require you pay us a 6 % origination fee, but we do not charge interest on the loan, unless it is in default.

During the slide, I was concerned to hear voices from academia, finance and government give the lion's share of the blame to the minority consumer for defaulting on loans for homes that they could not afford.

They include: Forty - three percent of those with federal student loans are not making payments; and one in six borrowers is in default on $ 56 billion in student debt.

There are political positions in USA who advocate that people should be able to default on college loan debt (with the status quo being that it's very hard if not impossible to do so right now).

It's reminiscent of the housing market debacle — people buying houses that they couldn't afford with loans offering low payments right away but requiring a big balloon payment in the future (that they defaulted on).

Not being able to default on student loans is also less problematic for those that have only modest loans that can be payed over a reasonable period.

What are the reasons (stated downsides) that proponents of the status quo posit as a reason not to allow to default on college loan debt?

A lending officer who approved two of restaurateur Harendra Singh's Town of Oyster Bay - guaranteed loans testified Tuesday that Singh wouldn't have qualified without the town's willingness to «be on the hook» if he defaulted.

He says an IMF emergency bailout won't be enough to prevent Mongolia from defaulting on billions of dollars worth of loans.

If you're in default on a loan, you are not eligible for forgiveness of that loan unless you have made satisfactory repayment arrangements with the holder of the defaulted loan.