Sentences with phrase «pay back the loan according»

If you fail to pay back the loan according to the terms it will be treated as a withdrawal from your retirement plan.

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.

Not exact matches

The average Class of 2014 graduate with student - loan debt has to pay back some $ 33,000, according to an analysis of government data by Mark Kantrowitz, publisher at Edvisors, a group of web sites about planning and paying for college.

From the moment Michael draws the $ 20,000, he begins owing interest and must pay back the $ 20,000 in six months according to his agreed - upon loan repayment plan.

In April, the park district secured $ 9.8 million in debt certificates, which is similar to a loan that will have to be paid back over a 20 - year duration, according to documents.

According to them, they had contracted huge loans for their operations and risks selling their properties to pay back the loans if they are stopped.

Mortgages are secured with the purchased home as collateral, meaning that the home can be seized if the loan isn't paid back according to the initial agreement.

Loan default occurs when a borrower fails to pay back a debt according to the initial arrangement.

These loans are backed simply by your credit history, ability to repay and your signature promising to pay the loan back according to its terms.

One good thought, should you land a bad - credit personal loan and pay it back according to the terms in your contract, you will actually start improving your credit scores.

The private lender loan is one you can use to meet different needs and easily pay back according to the agreement.

Borrow responsibly, pay the loan back according to the terms and conditions of your contract.

It's backed simply by your credit history, ability to repay and your signature promising to pay the loan back according to its terms.

According to early Anglo - Norman law, the «pledgor» (i.e., the borrower) who buys a home using a loan must pay back the debt in order to become the rightful owner of the property.

According to the official stipulation, to discharge a student loan this way they must prove that paying them back would prove to be an «undue hardship» on the debtor.

From the moment Michael draws the $ 20,000, he begins owing interest and must pay back the $ 20,000 in six months according to his agreed - upon loan repayment plan.

According to CFPB, Navient, the former unit of Sallie Mae, provided borrowers with faulty information about paying backing loans, processed payments incorrectly, and failed to act when borrowers complained.

According to the terms of that contract, you promise to pay back the loan, plus any agreed - upon interest and costs associated with the mortgage lending process.

Bottom line: A secured loan simply means you are providing collateral that the loans will be paid back according to the set terms and conditions.

According to Wisebread's article on paying back student loans faster, deferment works by allowing you to stop paying the principal on student loans when you are out of work or meet criteria about economic hardship.

It does not apply to loans or credit sales that are paid according to a fixed schedule until the entire amount is paid back, such as an automobile loan.

According to a new report from the Consumer Financial Protection Bureau (CFPB), 20 percent of auto title loan borrowers on single - payment plans have their vehicles seized because they can not pay them back.

The Student Loans Company (SLC) admitted that nearly 80,000 former foreign student borrowers have left the United Kingdom (UK) without paying back a total of # 1.2 billion in student loan debt, according to a UK news outlet.

It does not apply to loans or credit sales that are paid according to a fixed schedule until the entire amount is paid back, like an automobile loan.

According to the CFPB, the company provided borrowers with faulty information about paying backing loans, processed payments incorrectly, and failed to act when borrowers complained.

This means if you do not own a home or a car to put up as collateral he financial institution will only have legal recourse to get their money back should you default on paying according to the terms of your loan.

Pay back your installment loan according to your payment schedule

When items you own are used as collateral, the lender has the option to take possession of the property if the loan is not paid back according to the repayment terms.

When you take on any form of debt, it also implies that you intend to pay back the amount you owe according to the repayment terms of the loan.

A new problem has arisen surrounding student debt.Not only is it increasingly difficult to pay them back, but, according to the Federal Reserve Bank of New York, it is adding to negative wealth for students who have graduated.It is a... [Read more...] about Are Your Student Loans Creating Negative Wealth?

But all of the new renewable energy firms that used the government guarantees to finance projects with long term power contracts have been paying back their loans and investors, according to the GAO: («In contrast, there have been no defaults to date among the 21 energy generation, transmission, or other projects that had power purchase or offtake agreements.

Faraday Future has paid back the $ 14 million rescue loan, according to documents obtained by The Verge.

Jia said at a shareholders meeting last week that the company has been trying to pay back more than 10 billion yuan ($ 1.5 billion) in loans to various financial institutions since last year, according to the spokesman.