Sentences with phrase «pay back the lender if»

Not exact matches

Lenders are typically only paid back if a plaintiff wins in court or settles.

«If the lender really doesn't expect — or need — to be paid back, then you might as well consider it a gift,» Berger says.

FHA loans are guaranteed by the government, so that the lender is paid back with federal funds if the borrower defaults.

If you've received a big check recently, such as a gift from family to help with a down payment, the lender may require a letter from the person who gave the money explaining that it's a gift and won't be required to pay it back.

If the company is deemed to be in breach, the lenders could demand to be paid back the entire loan immediately, which could force Toys «R» Us into liquidation.

The company hasn't breached any covenants yet, it said, but if it is found to be in breach, the lenders could force it to pay back the entire loan immediately, which could force Toys R Us into liquidation.

If you don't have the cash flow to pay back these fees, you need to find a lender that has more favorable terms, such as the SBA, or seek alternative methods like a grant or crowdfunding campaign.

If you have trouble paying back the loan then your asset may be sold by the lender.

Consequently, if you are unable to pay back the loan, your lender will seize your collateral in order to pay the balance.

Many lenders will use this information to analyze if the amount you request for the loan will be enough to help your business grow and if you will generate enough revenue to pay back the loan.

For example, if you can't pay back a secured loan on time, a lender can seize the collateral, such as your car or home.

That way, if you have a hard time paying the money back, you can deal with a lender that has money in the bank.

Some lenders will penalize you for paying off your loan early as a way to make back a portion of the interest you would have paid if your loan had gone to term.

If the debtor doesn't pay the loan back, it becomes taxable income to the debtor even if the lender waives repaymenIf the debtor doesn't pay the loan back, it becomes taxable income to the debtor even if the lender waives repaymenif the lender waives repayment.

and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of $ 73,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of $ 73,000.00 Canada Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs.Juliet Quin that refer you to him.

Lenders factor in how much you put up as a down payment when they are deciding if you will be able to pay back the loan or not.

Lenders also offer monthly payment options to repay back the loan if you can't pay back in one big installment.

However, if you have any doubts of paying back the money instead of borrowing money from friends consider getting a loan from a reputable commercial lender.

The mortgage provides security for the loan, meaning the lender can take back the home if you stop paying on the loan.

If the lender finds out that you don't pay these expenses, you may be required to pay back the loan immediately.

In the eyes of the credit lender, they were trusting you to pay the money back within a certain time frame, and, if not, there will be a charge.

Payment history - 35 percent of your score The question on most lenders» minds is simple: «If I give you this money, are you going to pay me back?»

By collecting the point up - front and possibly paying it back only if the borrower closes, the lender protects itself against the possibility the customer will defect to another lender during the time before closing.

However, many lenders are willing to negotiate a personal guarantee, and you'll be in a better position to negotiate if you've demonstrated to your bank that you will successfully pay back the loan.

Some lenders charge as much as 4000 % APR, and this can land customers in financial hardship if they can't pay back the loan on time.

ECL is a responsible lender and we will only provide you with a loan if we feel you are able to pay it back.

The lender will want to know if you have enough money left over every month after you meet your necessary obligations (rent, mortgage, car payment, utilities, credit cards, etc.) to pay back the loan.

Defaulting on a Cash Advance can make it impossible to get cash advances in the future so you should always work with your lender if you run into trouble when paying back the cash advance.

Defaulting on a Tax Advance Loan can make it impossible to get loans in the future so you should always work with your lender if you run into trouble with receiving your income tax refund or for other reasons when paying back the loan.

If in this case, the borrower is unable to pay back the lender, the lender may end up losing the entire loan amount.

In the future, if you need to pay back your loans or work with a refinancing lender to reduce your debt, you'll be that much more financially prepared.

So it does not have to say foreclosure but if a lender sees «settled on account» or «short sale» or even «paid for less» then a future mortgage lender and underwriter view this as a home loan agreement you got into and then could not make the payments and had to give the rights back to the 1

A cosigner should have a strong credit history that puts lenders at ease, as well as the willingness and means to put their own finances on the line if the student can't pay back their loan.

If you have poor credit or simply want more time to pay back the loan then you can get a loan through our installment lenders.

Defaulting on a Personal Loan can make it impossible to get loans in the future so you should always work with your lender if you run into trouble when paying back the loan.

Notice: If you do not pay back your loan according to the terms the lender may charge you late fees and turn your loan over to a collection agency which may affect your credit score.

This means that if your business can not pay back the loan, the lender reserves the right to take possession of your business assets to satisfy the debt.

If you find a reputable lender and pay back the loan in a timely manner, you can fix your problem and up your credit rating with a title loan.

A home equity financing is similar to an auto loan in that it gives the bank or lender the right to foreclose on your home if you do not pay them back.

If you have a high credit utilization ratio over a long period of time, it signifies to lenders that you may not be reliable in paying back the money that you borrowed a timely manner.

If you pay the loan back early, the lender makes less in profit, so it wants to recoup some of the lost potential profit.

@DJClayworth: If the lender wanted full security for the loan, it would «freeze» the savings account until the loan was paid back.

What would the lender do if you withdrew the money from the savings account before you paid back the loan?

Fortunately, there is another way to get some relief from student loans if your financial life collapses: Deferment and forbearance are two ways that lenders will allow you to postpone paying your student loan payments until you get back on your feet.

If a borrower is unable to pay off the loan, the bank or lender can acquire the assets backing the loan.

There is a low risk for the lender, since he is entitled by law to keep your home if you do not pay back the loan.

Cosigners more or less act as a safety net for your lender: If you can't pay back your loan, they will turn to your cosigner, whoever that may be.

In 2016, payday lenders in Ontario can charge a maximum of $ 21 on every $ 100 borrowed, so if you borrow $ 100 for two weeks, pay it back with interest, and then repeat that cycle for a year, you end up paying $ 546 on the $ 100 you borrowed.

But if you can't pay your loan back, talk with your payday lender.

It differs from a mortgage, car loan, or secured loan in that the lender can not directly seize your assets if you fail to pay back the loan.