Sentences with phrase «partial payment on the debt»

In most provinces, if you make a partial payment on the debt, that acknowledges liability for the full balance.

That's because if they are not listed, they will not receive notice of the chapter 13 case and will be unable to submit a proof of claim and receive even a partial payment on the debt that they are owed.

Not exact matches

I was contacted by slcprocessing.com who also said their web address was nationalstudentaidcenter.com My loans are already consolidated and the claimedi qualified for income based payments and partial fogiveness due to me working in the field of nursing... They claimed my payments would be lower and after 10 years of on time payments, my debt would be forgiven.

Negative Amortization The situation in which partial payments are made on in debt, but instead of lowering the debt gradually, it increases the debt gradually.

If a partial payment or payment in full is made on the account, it my retrigger the SOL time period making you fully responsible to pay back the debt.

In some states, making a partial payment also resets the clock on the statute of limitations (how long the creditor has to sue you for the debt).

You are only making partial payments each month and are spending a larger portion of your income on debt repayment.

In addition to a civil penalty of $ 2.5 million, Asset Acceptance has agreed to inform consumers when their debts are too old to be legally enforceable and to let consumers know that a partial payment would essentially restart the statute of limitations on that account.

The penalty for delinquent property tax payments is 10 % of your tax, and interest on your unpaid debt accrues at a rate of 1.5 % of the tax for each full or partial month your payment is late.