Not exact matches
There is no scheduled amortization under the Asset - Based Revolving
Credit Facility; the principal amount of the revolving loans
outstanding thereunder will be due and payable in full on May 17, 2016, unless
extended, or if earlier, the maturity date of the Senior Secured Term Loan Facility and the Senior Subordinated Notes (subject to certain exceptions).
Debt consolidation comes into play when you spend more than what you make; your card's debt keeps growing and not shrinking; the interest payments on your card debts exceed the amount spent every month; you're even finding making minimum payments difficult; your debts
extend to more than five
credit cards; your interest rates are more than 18.99 % on your
outstanding card balances; and your
credit score is dropping alarmingly.
Additionally, an over-limit account may be re-aged at its
outstanding balance (including the over-limit balance, interest, and fees), provided that no new
credit is
extended to the borrower until the balance falls below the predelinquency
credit limit.
Many balance transfer
credit cards offer
extended 0 % intro APR on transferred balances, giving you time to pay off any
outstanding debts interest - free!
E. Contingency fund: five percent of distribution: Sparingly used to compensate for
extended illness, public service, hard cases, firm business, and
outstanding achievement that reflects
credit on the firm.