Before lending money, banks and
other creditors look to a consumer's credit history — basically a record of whether or not you've paid your bills — to make sure the borrower is likely to repay them.
Even if you «forget» to disclose a zero balance credit card to your trustee, the credit card probably appears on your credit report, so if any of
the other creditors look they will probably see the card and start asking questions, so the best course of action is to surrender all credit cards and get a true fresh start.
Not exact matches
On the
other side, giving in to the
creditors» pressure would make Tsipras
look amateurish at best, and at worst, further undermine his credibility and standing domestically,» Wolfgango Piccoli, co-president of Teneo Intelligence said in a note on Wednesday.
If your track record reflects more current accounts than negative accounts with utilities, business credit cards, banks, suppliers, and
other creditors, your profile will
look better than if there are a lot of late payments or defaults.
Part of the rationale for the longer
look - back period for insiders is that they have an edge over
other creditors.
A credit freeze prevents potential lenders and
other creditors from
looking at your credit report.
they
look at how many
other creditors have taken a risk on you AND how responsible you are with actually using it.
That would probably be something that we would
look at carefully and likely I'd contact Uncle Bob and say well, you need to pay that money back because you were treated better than all the
other creditors.
Many
creditors also take a
look at your work history, annual income, and
other facets.
The reason mortgage lenders
look at your credit history, analyzing what they call «trade lines,» is that they assume that the way you have honored your obligations to these
other creditors predicts the way you will repay a mortgage.
Some
creditors will
look only at your salary and job and the
other financial information you put on your application.
Our firm offers free case reviews at no cost to you to help protect your consumer rights anytime you: • Receive contact from a
creditor or debt collector to collect a debt; • Receive unwanted computerized robocalls or texts to your cell phone (even after you've told them to stop); • Notice inaccurate information on your credit report (even after you disputed with the credit bureaus); • Obtain a loan, lease, or purchase an item on credit; • Enter into an autopay arrangement with a
creditor (i.e., gym membership, car loan, etc.); • Purchase a lemon vehicle or
other consumer product; • Need help settling debts for less than the full balance; or, • Have any
other consumer issue you would like us to
look into at no cost to you.
Be sure to note that
creditors look at
other related factors when considering you for one of their credit cards, so while having excellent credit is a step in the right direction, it is not a guarantee you will be approved.
Remember, the
creditor also
looks at
other expenses that you carry each month.
Another reason to decline a limit increase is that
other creditors may
look at that increase as a sign that an individual has too many lines of credit open.
As he acknowledged, however, the courts have
other means of assisting award
creditors which do not impinge on award debtors» rights of challenge, such as disclosure and freezing orders, and in future award
creditors will need to
look to such alternatives as a more indirect way of the securing the award sum.
In reaching these conclusions the judge noted that, among
other things, he had taken into account the administrators» professional standing and reputation, the fact that a court should not remove an administrator simply because conduct has fallen short of the ideal (but in this case it had «gone further than that») and that this was not a case where removal would encourage activist
creditor applications or cause insolvency office holders to «have to
look over their shoulders».
The biggest part of the debt tipping point (and the one that not that many in the media are focusing on) is how we're starting to
look to our international
creditors and the
other investment markets.
With a bankruptcy discharge of one spouse, the
creditor may
look to the
other spouse for full payment of the joint debt.
Putting things into perspective; you're behind on your payments, the bank, as well as a few
other creditors, is calling you every few days
looking for payment.
For example, the
creditor might
look to the consumer for the time of consummation, to insurance companies for the cost of insurance, to realtors for taxes and escrow fees, or to a settlement agent for homeowner's association dues or
other information in connection with a real estate settlement.