Sentences with phrase «other creditors typically»

Financial institutions, credit card companies, and other creditors typically sell their bad debt for pennies on the dollar to «boiler room» collection agencies.

Not exact matches

Typically these letters go to creditors where the accounts are seriously delinquent or report other questionable information.

Any other belongings like other houses or other vehicles will be used to repay the creditors and you will typically loose them.

This is primarily because the creditors understand that you typically can not file a bankruptcy again for another 8 years, and you have no other bills to pay, meaning you are a great credit risk and now have the ability to pay your new credit card bills.

For debts with collection agencies, medical providers, and certain other creditors, typically there's no minimum monthly payment (and often no interest charges).

In other cases, collections agencies actually buy the debt from the creditor and get their money back, typically plus interest or other fees, when they convince you to pay up.

This typically includes insurers, landlords, creditors and others with a similar financial interest.

Finally, we have unsecured creditors, typically recorded as trade & other payables.