Sentences with phrase «of the debt owed»

Clearing credit card debt, thereby decreasing your utilization ratio (the amount of debt you owe compared to your total credit limit), is another way to raise your score.

Households with any kind of debt owe $ 133,568 (including mortgages), on average, the data analysis found.

(The balance is made up of debt owed by local governments and the Canada and Quebec pension plans.)

An SBA offer in compromise (OIC) is a proposed settlement to pay a reduced amount of the debt owed.

All that means is that you're evaluated based on the amount of debt you owe in comparison to the credit you have.

And some 13 % admitted to more serious financial secrets, including not revealing how much money they really earned or the amount of debt they owed.

Your FICO score is based on your payment history, the amount of debt you owe, the types of debt you have, inquiries for new credit and the age of your accounts.

Now that you know the total amount of debt you owe, you're in the best position to figure out which debts should be wiped out right away.

When the company finally filed, its primary liabilities consisted of debt owed pursuant to two different unitranche financing transactions.

The average household with any kind of debt owes $ 135,924, including mortgages, according to Nerdwallet.

It is a gargantuan achievement, strange and almost incomprehensible in this amnesiac age, and a moving reminder of the debt we owe to antiquity.

Through this mechanism, the portion of the debt owed to the Banks amounting to about GHC 800 million was restructured by leveraging some proceeds that had accrued from the levy.

Only by writing off # 3.5 billion of tax credit debts, which HM Revenue and Customs has declared «uncollectable», has it succeeded in reducing the total amount of debt owed to the government over the last # 5.5 billion.

Take for instance Nigeria's debt of about $ 12bn which was part of the debt owed to the World Bank and the lMF of which a debt write - off was secured under the watch of President Olusegun Obasanjo with Ngozi Okonjo - Iweala, as finance minister.

President Akufo - Addo has been touting the achievements of his government in stabilizing the economy, implementing the Free SHS and clearing a huge chunk of the debt owed by National Health Insurance Scheme in the past one year.

Although he could not give the quantum of debts owed by the companies, he said the were being consolidated to enable the government to clear them within a period of three to five years from collections from energy sector levies.

Without this payment, Government was to lose a property worth about US$ 1.2 million in the UK as a result of reckless handling of debts owed CP.

He added: «And writing off up to 100 per cent of the debt owed by the poorest countries.

Gordon Brown says the G7 is willing to write off up to 100 per cent of the debt owed by the world's poorest countries.

The Ghana School Feeding Programme has released GHc 21 million to cater for part of the debt it owes caterers under the school feeding programme.

For those who don't know, the Paris Club Refunds are monies legitimately belonging to states which were over deducted from the accounts of the states for the settlement of the debt owed by the country to the Paris Club of creditors under the scheme worked out by the Obasanjo administration.»

In 2012, education chiefs in Birmingham refused to write off at least # 1.3 million of debts owed by schools converting to academies.

There's no limitation on the total amount of debt you owe in order to qualify for chapter 7 relief.

(Credit utilization is the amount of debt you owe in comparison to the amount of credit that's available to you.)

For instance, if you owed $ 40,000 before entering the debt settlement program and the company charges 15 % of the amount of debt owed, you'd pay a total of $ 6,000 to the debt settlement company.

If the value of your assets is less than the amount of debt you owe, filing may be a great option.

This plan liquidates your current assets, if you have any, to pay off as much of the debt you owe as possible.

Like many other companies of its ilk, it charges fees for its services only after working with your creditors to reduce the total amount of debt you owe.

A short sale is when the sale of your property falls short of the debts owed.

The amount of debt you have available, the amount of debt you owe and the length of your established credit are all separate criteria that they rate.

Although credit counseling programs typically do not reduce the amount of debt you owe, they can negotiate waivers and moratoriums on fees, and may also be able to reduce your interest rates.

What that means is that there'll be a record of the debt owed to your credit card company as well as to the collection agency.

Debt Settlement A process of negotiating with creditors to accept payment that is less than the full amount of the debt owed.

Finance charges, or the cost of using credit, are calculated as an annual percentage (APR) of the amount of debt you owe.

However, a debt collector can begin collection activities again if you are sent proof of the debt you owe them.

You are paying them a fee to convince your creditors to accept only a portion of the debt you owe, and if you say the wrong thing to a creditor, it might make it harder for them to negotiate for you.

Benefits of the consumer debt relief program often include what could end up resulting in a substanial savings on the current amount of debt owe and the ability to become debt free within two years or less.

While it absolves you of the debts you owe (except for monies owed in child support & alimony or unpaid income taxes), it makes obtaining new loans or credit cards extremely unlikely for at least a year or two and perhaps longer.

When a creditor only has collateral for a portion of the debt you owe to him, he is a partially secured creditor.

Bankruptcy: A court proceeding where a consumer may be able to be excused of all debts owed.

A lien is any official claim or charge on a piece of property, known as collateral, for payment of a debt owed or for some agreed upon service.

Consumer payback back 100 % of the debt owed, the negotiated new interest, as well as a Debt Management fee.

I know both have their own tax burden but I can't decide which would be best with the amount of debt I owe.

Although the percentage of the overall score that each one of those variables accounts for varies from person to person based on a variety of reasons, including how long a person has had credit, 65 % of the score, on average, is made up by payment history and the amount of debt owed relative to credit limits, or credit utilization.

So it's possible to improve your score by reducing the amount of debt you owe.

Federal law related to the collection of debts owed to the government requires ED to request that the U.S. Department of the Treasury withhold money from your federal income tax refunds, Social Security payments (including Social Security disability benefits), and other federal payments to be applied toward repayment of your defaulted federal student loan.

«I have observed many individuals who have great credit ratings and then I look in the quantity of debt they owe and I believe: «These people can not handle their cash,»» she states.

Just look at the back of your credit cards for their number, call them, and ask them for the amount of debt you owe, the APR, and the monthly minimum payment on the card.

The amount of debt owed by students this year went past the # 100bn level, having more than doubled in six years.

The biggest advantages of a Consumer Proposal are that the payments are designed to be affordable, interest is eliminated, and the amount of debt you owe is reduced.