Sentences with phrase «obligations on personal loans»
Minimum payments on credit card balances are far lower than monthly repayment obligations on personal loans, as they are calculated as either a set dollar amount or a percentage of the balance due.
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Moving credit card debt to a personal loan will shift your obligations in such a way that there will be a minimal amount of impact on your credit, in addition to improving utilization on your cards.
Making a decision to apply for a Personal Loan to HDFC Bank, will definitely be advantageous; will save on costs & help to fulfil current obligations.
However, a motor vehicle title lender may seek a personal money judgment against you if you impair the motor vehicle title lender's security interest by (i) intentionally damaging or destroying your motor vehicle; (ii) intentionally hiding your motor vehicle; (iii) giving the motor vehicle title lender a lien on a motor vehicle that has an undisclosed prior lien; (iv) selling your motor vehicle without the motor vehicle title lender's written consent; or (v) securing another loan or obligation with a security interest in your motor vehicle without the motor vehicle title lender's written consent.
Remember, if you have personally guaranteed a business debt — many lenders require that a small business owner take on personal responsibility for loans or lines of credit — you will still be liable for those obligations, unless freed by your creditors.
In this case, Rs. 38,000 (Rs. 18,000 + Rs. 20,000 of the personal Loan EMI) would be your fixed obligation every month on an income of Rs. 50,000.
Given today's much longer life expectancies — coupled with a much different financial economy — many people are taking on debt such as mortgages, car loans, and personal obligations at later times in their lives.
Though you have no obligation to secure your personal loan with some sort of collateral, a lender can still pursue legal action against you upon delinquency or default, and place a lien on your assets to secure repayment.