Sentences with phrase «other unsecured debts first»

You should get rid of credit cards and other unsecured debts first.

Not exact matches

Student loans are often one of the first bills to go into default because unlike other debts, they are unsecured.

The first thing to understand is that debt settlement will generally only work on unsecured debt such as credit cards and other bills that have gone into collections.

Other books I had read and tried to follow always say to pay down the highest interest rate debts first, but our 9 unsecured high - interest debts have balances ranging from $ 500 to $ 10,000 and I was frustrated working on that largest one as it happened to also be the highest interest debt.

Besides for federal student loan debt, with all other unsecured debt, a creditor must first take you to court and win a default judgement — before they can garnish your wages.

Malcolm has extensive experience representing lenders and borrowers in secured and unsecured debt financings, including syndicated senior bank credit facilities, first and second lien financings, asset - based (ABL) credit facilities, mezzanine and other subordinated debt financings, debtor - in - possession financings, public and Rule 144A debt offerings, and convertible debt transactions.

Angela, first, regarding the unsecured creditors, it would seem to me that this is no different than any other large unforeseen and unsecured debt taken on by a corporation.

If you owe on your car, have credit card debt, or other loans it's best to pay those debts off first because these are usually «unsecured» loans which carry a much higher interest rate than your home mortgage.