Because a lender has the right to take property for secured debts you don't pay, it's nearly impossible to get them to accept a settlement
offer on a secured debt.
Not exact matches
The
debt component of the
offering consists of $ 6 million in non-interest bearing non-convertible original issue discount senior
secured debt maturing
on February 10, 2019 and warrants to purchase a total of 6,875,000 shares of Common Stock at a fixed exercise price of $ 0.96 per share.
Of course, loans that are unsecured carry with them a greater risk than their
secured alternative, but they are generally the only form of financing
on offer since, for the borrower, the previous
debt would probably have been repaid had they anything to use as collateral in the first place.
From using
secured credit cards to going through with a
debt consolidation loan, they have valuable insight to
offer that can help you get back
on your feet.
If you go with a
secured debt consolidation loan using your home or car as collateral, the lender should
offer an interest rate considerably better than what you're paying
on credit card
debt.
Someone with excellent credit and a low
debt - to - income ratio may be
offered interest rates as low as those seen
on secured loans.
Even 100 % plans
offer many benefits to consumers, like paying 0 % interest
on unsecured
debt and reducing the interest rate
on secured debts for cars to approximately 4.75 %.
All Canadian banks
offer secured cards, but before getting the card; make sure you pay a deposit, which is used to pay off outstanding
debts on the card.
Once you have contacted a professional from the firm and have applied for one or more of the proven
debt remedies
offered by the firm, you will be
on the road to a more
secure and bright future.
Perkins Coie's Financial Transactions & Restructuring group represents and advises
secured and unsecured creditors, committees, lenders, trustees, borrowers, acquirors, indenture trustees and debtors
on matters involving commercial finance transactions, public
debt offerings, project finance, loan documentation, restructurings, workouts, bankruptcy and the enforcement of creditors» rights and remedies.
Finkelstein focuses his practice
on representing corporate trust institutions as indenture trustees and agents in connection with domestic and cross-border
debt capital markets transactions, such as
offerings of corporate and municipal, high - yield and investment grade,
secured, unsecured and subordinated, convertible, public and private
debt issued under trust indentures of domestic and international issuers.