Buying individual bonds exposes investors to credit risk, the possibility that a bond issuer will default on their debt (i.e., that they won't pay back the lender).
If you can
not pay back the lender, you might lose your car.
Like either of the other financing options if you don't pay it back the lender would have the option to foreclose!
Not exact matches
«If the
lender really doesn't expect — or need — to be
paid back, then you might as well consider it a gift,» Berger says.
So, unless you consider the loan a gift, be prepared for problems to arise when your family member doesn't
pay you
back, as collecting on a loan can be awkward for borrower and
lender alike.
If you've received a big check recently, such as a gift from family to help with a down payment, the
lender may require a letter from the person who gave the money explaining that it's a gift and won't be required to
pay it
back.
The company hasn't breached any covenants yet, it said, but if it is found to be in breach, the
lenders could force it to
pay back the entire loan immediately, which could force Toys R Us into liquidation.
Private
lenders try to charge enough interest to compensate for the fact that some people they lend to won't
pay them
back.
If you don't have the cash flow to
pay back these fees, you need to find a
lender that has more favorable terms, such as the SBA, or seek alternative methods like a grant or crowdfunding campaign.
For example, if you can't
pay back a secured loan on time, a
lender can seize the collateral, such as your car or home.
If the debtor doesn't
pay the loan
back, it becomes taxable income to the debtor even if the
lender waives repayment.
Lenders factor in how much you put up as a down payment when they are deciding if you will be able to
pay back the loan or
not.
«So often, people are forced into a situation to get a payday loan in order to survive between paychecks, and the payday
lenders know the consumers will
not be able to
pay back the loan,» said James Garvey, co-founder and CEO of the start - up Self
Lender.
Lenders also offer monthly payment options to repay
back the loan if you can't
pay back in one big installment.
If the
lender finds out that you don't
pay these expenses, you may be required to
pay back the loan immediately.
No
lender will be willing to lend you the money you will
not be able to
pay back.
In the eyes of the credit
lender, they were trusting you to
pay the money
back within a certain time frame, and, if
not, there will be a charge.
Check with your
lender before refinancing to make sure it does
not charge a fee for
paying back your loan ahead of schedule.
Some
lenders charge as much as 4000 % APR, and this can land customers in financial hardship if they can't
pay back the loan on time.
A
lender won't let you borrow more than you can afford to
pay back.
Lenders want to make sure that you don't have too much debt — it could mean that you might
not be able to
pay back what you owe.
The title
lender didn't care that she had
paid back more than the car was worth.
When borrowers don't have enough money in their checking accounts to
pay back the loans, many tribal
lenders automatically rollover their loans, causing additional fees and interest costs.
Lenders are
not concerned with whose idea the repossession was; they are concerned with the fact that a creditor had to take
back merchandise rather than get
paid as agreed.
Approvals are based
not on your credit score but rather on your steady income, so that you will be able to
pay the unsecured online loan
back to the
lender in time.
So it does
not have to say foreclosure but if a
lender sees «settled on account» or «short sale» or even «
paid for less» then a future mortgage
lender and underwriter view this as a home loan agreement you got into and then could
not make the payments and had to give the rights
back to the 1
A cosigner should have a strong credit history that puts
lenders at ease, as well as the willingness and means to put their own finances on the line if the student can't
pay back their loan.
Notice: If you do
not pay back your loan according to the terms the
lender may charge you late fees and turn your loan over to a collection agency which may affect your credit score.
This means that if your business can
not pay back the loan, the
lender reserves the right to take possession of your business assets to satisfy the debt.
A home equity financing is similar to an auto loan in that it gives the bank or
lender the right to foreclose on your home if you do
not pay them
back.
If you have a high credit utilization ratio over a long period of time, it signifies to
lenders that you may
not be reliable in
paying back the money that you borrowed a timely manner.
The
lender didn't give you the loan because you and your ex wanted to drive around in a car; the
lender gave you the loan because you were going to
pay it
back with interest.
Not having enough money she went to another payday loan
lender and took out a loan to
pay back the first
lender.
There is a low risk for the
lender, since he is entitled by law to keep your home if you do
not pay back the loan.
Cosigners more or less act as a safety net for your
lender: If you can't
pay back your loan, they will turn to your cosigner, whoever that may be.
While your credit score is
not the lone factor in determining creditworthiness, it will show the overall health of your credit and gives
lenders a good indication of your ability to
pay back a loan.
People with a habit of never
paying their bills on time or
paying back loans obviously have a bad credit score which is
not acceptable by
lenders.
But if you can't
pay your loan
back, talk with your payday
lender.
Collections agencies are organizations which purchase debt from
lenders on the penny after it has been determined that the person probably won't
pay back their debt.
It differs from a mortgage, car loan, or secured loan in that the
lender can
not directly seize your assets if you fail to
pay back the loan.
Lenders don't want to lend to consumers who have managed money poorly in the past, for fear of
not being
paid back in the future.
That means that with a card, there is no collateral, or an asset the
lender can recover if you don't
pay them their money
back.
Your credit score is what helps
lenders know whether or
not you are likely to
pay back your loans.
But, carrying a small balance does show
lenders that you're responsible and can make payments... but, it's a double - edged sword in that carrying balances isn't a good idea overall because you're
paying money
back to the credit card companies.
If you still haven't
paid, the collection agency will have to decide whether they will sue you or send your debt
back to the credit card
lender.
Let's add some details: if the loan is
not backed by any assets and the borrower fails to
pay it
back, the
lender just loses the money and gets nothing in return.
It is «secured» because the
lender can take the asset if the borrower doesn't
pay back the debt.
No
lenders want to give out loans to somebody that may
not pay back their money.
Lenders want to be assured that someone will
pay back the debt, and often students have little to no credit history and aren't employed while attending college.
This bill aims to ensure that student borrowers who file for bankruptcy wouldn't be required to
pay back their outstanding student loan debt and that
lenders couldn't send it to debt collectors.