Sentences with phrase «of if the loan defaults»

Compare this to loans that are 35 months old; regardless of if the loan defaults or prepays by the end of the 35th month, the return series in each case will be similar to differences only in the last few months of returns, and the difference in variances of the defaulting and paying loans will be much smaller than the 9 months example above.

Not exact matches

Remember though, if you default on a secured loan then the assets or asset class you used as a security could be seized by the creditor in a Court procedure that could also put your company out of business, so there is some element of risk to consider with asset - based financing.

«The only way you can make matters worse,» says Ballentine, «is by keeping the business loan and your home mortgage at the same bank, which might impose a «cross-default» mechanism on you — so that both loans automatically go into default if you run into problems with either one of them.»

If you agree to a personal guarantee when taking out a loan, you commit to being personally responsible for your debt in the event of default.

Loans that have been in default can be consolidated after three consecutive monthly payments have been made or if the borrower agrees to repay the consolidation loans under an income - driven repayment plan (where the payments are based on the income of the borroLoans that have been in default can be consolidated after three consecutive monthly payments have been made or if the borrower agrees to repay the consolidation loans under an income - driven repayment plan (where the payments are based on the income of the borroloans under an income - driven repayment plan (where the payments are based on the income of the borrower).

If the amount available under the Asset - Based Revolving Credit Facility is less than the greater of (i) 12.5 % of the lesser of (A) the aggregate revolving commitments and (B) the borrowing base and (ii) $ 60 million, NMG will be required to repay outstanding loans and, if an event of default has occurred, cash collateralize letters of crediIf the amount available under the Asset - Based Revolving Credit Facility is less than the greater of (i) 12.5 % of the lesser of (A) the aggregate revolving commitments and (B) the borrowing base and (ii) $ 60 million, NMG will be required to repay outstanding loans and, if an event of default has occurred, cash collateralize letters of crediif an event of default has occurred, cash collateralize letters of credit.

If the amount available under the Asset - Based Revolving Credit Facility is less than the greater of 1) 12.5 % of the lesser of (a) the aggregate revolving commitments and (b) the borrowing base and 2) $ 60 million, we will be required to repay outstanding loans and, if an event of default has occurred, cash collateralize letters of crediIf the amount available under the Asset - Based Revolving Credit Facility is less than the greater of 1) 12.5 % of the lesser of (a) the aggregate revolving commitments and (b) the borrowing base and 2) $ 60 million, we will be required to repay outstanding loans and, if an event of default has occurred, cash collateralize letters of crediif an event of default has occurred, cash collateralize letters of credit.

The size of the lien affects the likelihood that the lender will get their money back if you default on the loan.

If your loan is in default you can not consolidate it unless you make some type of satisfactory repayment plan through your loan provider.

As another means of considering all avenues, ask yourself if bankruptcy is something you're willing to consider, and understand that it doesn't eliminate issues with your defaulted loan.

A collection agency, whether through the US government or private lender, won't usually settle a defaulted student loan debt if it's less than the amount that the lender is likely to receive over the life of the original loan — so negotiation is essential during settlement talks.

The lending standards on equipment financing can be less strict because your equipment will be used as collateral for the loan — in other words, if you default, the bank has the right to seize your equipment to cover the cost of their lost money.

Now that you know some of the ways to avoid defaulting on student loans, let's get into what happens if you do default.

There's no question that deferment and forbearance are effective options if you're on the verge of student loan default.

If you're in student loan default, regain your control of the situation now before things escalate beyond your reach.

If you find yourself in that situation, one way to get out of student loan default is through a Direct Consolidation Lloan default is through a Direct Consolidation LoanLoan.

Ultimately, if you're struggling with your current payments or are at risk of defaulting and still have several years left on your loans, debt consolidation might be a good idea.

Even if you do this, the record of your student loan default and the late payments will remain on your credit report for multiple years.

If you are currently delinquent on your student loans and at risk of falling into default, the time to act is now.

If you have a history of being late on your debt payments or defaulting on loans altogether, then the odds of you getting a small business loan become that much more unlikely.

They must supply information about the total amount of loans extended, the remaining balance, and the date of delinquency if you are past due on your payments or the date of default if you are in default.

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.

In the future if you defaulted on the loan for some reason and the credit union forgave the remaining balance due on the loan, you may be required to report the remaining balance of the loan as income on your tax return.

If you include at least one other eligible loan in the consolidation, you're eligible to reconsolidate a defaulted FFEL Consolidation Loan if you meet either of the two requirements described abovIf you include at least one other eligible loan in the consolidation, you're eligible to reconsolidate a defaulted FFEL Consolidation Loan if you meet either of the two requirements described abloan in the consolidation, you're eligible to reconsolidate a defaulted FFEL Consolidation Loan if you meet either of the two requirements described abLoan if you meet either of the two requirements described abovif you meet either of the two requirements described above.

If you have no other eligible loans that can be included in the consolidation, you can not get out of default by consolidating a defaulted Direct Consolidation Loan.

If you need help with your defaulted loan, you will need to contact the holder of your defaulted loan.

If you rehabilitate a defaulted loan, the record of the default will be removed from your credit history.

If you can not afford to pay off your loan in full, this is the fastest way to get out of default.

If you can not afford to pay off your loan in full, this is the fastest way to get out of default and restore your eligibility for federal student aid.

If you've defaulted on any of your federal student loans, contact the organization that notified you of the default as soon as possible so you can explain your situation fully and discuss your options.

In return, the SBA guarantees 75 to 85 percent of the loan for the bank if the loan defaults.

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.

Entirely dependent on billions of euros worth of international rescue loans from other European countries and the International Monetary Fund, Greece must impose yet more austerity measures next month, if it is to keep the money flowing and prevent a default and a potentially disastrous exit from the euro.

This myth could also be problematic for the 12 % of borrowers who don't realize the government can garnish your wages if you go into student loan default.

That, at least, gets you out of being responsible for the loan if your child defaults.

Also of note about the Colorado mortgage market is that, if you default on your home loan and your lender forecloses on the home and sells it at auction, the lender can sue you for the difference between what you owe and the price the home commands at auction.

Some also offer income - based repayment if you're in danger of defaulting on your student loans or your cosigner's financial situation has changed (due to a divorce, for example).

If you have defaulted on your loans, the Collections section of this website has information on consequences of default and how to get out of default.

The broker has total control over the collateral for the loan, including the ability to step in and force you to sell stock if it thinks you're in danger of defaulting on its loan.

Defaulting on your loans could spell financial disaster if Social Security is the centerpiece of your overall retirement strategy.

If you fail to pay and default on your loan, your business could end up crippled from much more than just the lack of cash flow.

For example, if a lender such as Wells Fargo or Bank of America makes a loan to a homeowner and that homeowner stops making payments, the loan defaults and the bank takes a loss.

If a small business defaults on a bank loan, it's difficult to find another CEO with the needed specific skill set that the bank can hire to keep the business going, says Tommy Crawford, Director of Business Loan Underwriting at BBVA Comploan, it's difficult to find another CEO with the needed specific skill set that the bank can hire to keep the business going, says Tommy Crawford, Director of Business Loan Underwriting at BBVA CompLoan Underwriting at BBVA Compass.

FHA MIP, or mortgage insurance premium, is a type of insurance policy that protects lenders if an FHA loan holder defaults on his or her mortgage.

The only downside of this loan is that you will lose your home if you do default, so be careful before taking an equity loan out.

Although, if you put down less than 10 %, you have to pay mortgage insurance premiums — a fee that protects the lender if you default — for the life of your loan.

For example, if a borrower defaults on their mortgage, Fannie and Freddie are responsible for the losses on the loans they guarantee to investors, while Ginnie Mae is financially responsible for the bond payments to the holders of Ginnie Mae securities.

If the true number of Imminently at - risk loans is somewhere between 13 and 15 million, the default and foreclosure crisis is about 60 % over.

«If the main borrower makes late payments or defaults on the loan, this can negatively impact both of your credit scores.

A loan where a third party agrees to assume at least part of the debt if the borrower defaults.