Sentences with phrase «off other outstanding debts»

It's not hard to imagine that after a few years of owning your home, crushing it at work, and paying off other outstanding debts, that your credit could shoot for the sky.

Not exact matches

In other lending markets, a drop in outstanding debt can reflect lenders writing off the debt rather than borrowers paying it down.

Once I pay off the last collection agency I will have no more outstanding debt (other then student loans which I have been paying on time).

Do you have a «charged off» or other outstanding debt that is now held by a collection agency?

On the other hand, reducing personal debt and paying off outstanding mortgage amounts is also clearly a worthwhile pursuit.

Young, healthy individuals with families typically need enough life insurance coverage to pay off a home mortgage and other outstanding debt and provide some income replacement for their spouse and children.

They can also help you come to arrangements with your creditors and other lenders to help you pay off your debt and to ward off legal action for the recovery of outstanding money that you may owe.

A consolidation loan merges your various debts into one monthly payment by taking out a new loan to pay off the outstanding balances on your other loans and debts.

Debt settlements usually involve a contract with a third party who will agree to consolidate and pay off your outstanding debts — credit cards, automobile loans and other bills — and arrange for you to repay the balance as one fixed sum, to the debt settDebt settlements usually involve a contract with a third party who will agree to consolidate and pay off your outstanding debts — credit cards, automobile loans and other bills — and arrange for you to repay the balance as one fixed sum, to the debt settdebt settler.

Everything else being equal, the main reasons to purchase permanent insurance are: (1) if you have a dependent, such as a special - needs child or handicapped loved one, who relies almost solely on your income to live and who will need to rely on it after your death in perpetuity, or (2) if you have few, if any, other assets and don't actively plan on having any that could be used to cover the cost of your funeral, to pay off any outstanding debts, or to provide some inheritance to your family.

It's a loan that is taken out from one lender to pay off all of your current outstanding loans and debts with other multiple lenders.

The expectation is that they will pay off their outstanding debts and use any remaining funds to supplement other sources of income.

On your credit report, you'll see whether or not you have a high or low credit score, as well as all the outstanding debts you owe, people who have checked your credit report, loans you're paying off and other financial information that is readily visible to loan officers.

Often negotiated at a time when the investment vehicle has no outstanding debt, sometimes the buy - sell provision contemplates only a disengagement of the parties» equity interests, but fails to cover off adequately other «investments» that may be made by investors on behalf of the business.

Final expense life insurance can be used to pay off outstanding automobile loans, credit card debt, and other financial obligations.

Young, healthy individuals with families typically need enough life insurance coverage to pay off a home mortgage and other outstanding debt and provide some income replacement for their spouse and children.

Whole life insurance can be used for a variety of purposes, including helping to pay off funeral expenses, mortgages, and other outstanding debts in the event of premature death; helping to pay estate expenses, including estate taxes; retirement funding; providing a valuable employee benefit; and charitable giving.

Adults who have outstanding student loans, a mortgage, credit card debt, business loans or other unsecured debt may want to pay off their loans completely.

Everything else being equal, the main reasons to purchase permanent insurance are: (1) if you have a dependent, such as a special - needs child or handicapped loved one, who relies almost solely on your income to live and who will need to rely on it after your death in perpetuity, or (2) if you have few, if any, other assets and don't actively plan on having any that could be used to cover the cost of your funeral, to pay off any outstanding debts, or to provide some inheritance to your family.

Most clients usually just want to purchase enough coverage to pay off their mortgages, but if you're the «breadwinner» it's important to also consider other outstanding debts (car loans & credit cards) as well as burial expenses.

Some people want only enough coverage to provide their loved ones with income replacement, while others have additional needs such as paying off their mortgage and other outstanding debts.