Sentences with phrase «payment to one's creditors»

You may rebuild your credit by making payments to all your creditors on time and keeping account balances low relative to the credit limit.

Debt settlement companies do not assume consumer debt, make monthly payments to creditors on behalf of customers or provide tax, bankruptcy, accounting or legal advice or credit repair services.

Because of the nature of settlements, debt settlement companies generally do not send monthly payments to creditors on your behalf.

You typically must stop making payments to your creditors for debt settlement to be successful.

The trustee makes payments to creditors in accordance with the terms of the plan.

Your consumer credit counselor then distributes payments to your creditors.

The number of individual voluntary arrangements - in which people agree to make regular payments to creditors - is now at its highest level since 2005.

They perhaps send them a better offer or need you to make a certain amount of on - time payments to this creditor so that they will agree to go on the program.

Usually, late payments to creditors occur because of something unexpected or unfortunate occurring in someone's life.

A company that provides debt settlement doesn't negotiate lower interest rates or send payments to your creditors.

If you are not able to do this, please submit a minimum payment to the creditor in order to avoid any late payment penalties.

No, you are responsible for continuing to make payments to your creditors as we work to lower and / or eliminate your debt for you.

A few years ago I fell on some hard times and missed a bunch of payments to my creditors before finally declaring for bankruptcy.

If it's a missed payment to a creditor, you could call them up and ask them to do you a favor and remove it from their reporting to the credit bureaus.

They also handle internal issues and ensure timely payment to creditors.

If the total amount you request exceeds your Total Credit Line, we may send full or partial payment to your creditors in the order you provide them to us.

Debt settlement means offering a lump - sum payment to a creditor for less than what is owed.

Remember the part about stopping payment to your creditors while a settlement is negotiated?

You can make small payments to your creditors if you want to — we suggest # 1 each at the most.

In reality, if you stop making payments to your creditors when attempting debt settlement, you will see your credit score drop.

We'll send out payments to your creditors within five working days.

The very important caveat here however is making sure there are no more payments to creditors or a landlord that are more than 30 days past the due date.

If you have not yet missed a contractual payment to your creditors then reducing your monthly payments will more than likely adversely affect your credit rating for six years.

I understand that I should continue to make my monthly payments to each creditor until the balance transfer appears as a credit on the account (s).

If you don't have enough money in your debt repayment plan, to increase payments to creditors you may choose to negotiate with them.

Due to your circumstances, there is no realistic prospect that you will be able to make a worthwhile payment to the creditor, either now or in the future.

Instead of making individual payments to all your creditors every month, you'll make just one payment to us and we'll write checks to your creditors for you.

The company does not assume consumer debt, provide loans or submit payment to creditors.

Chapter 7 versus Chapter 13 can dictate the ongoing payments to a creditor.

If you have received this reason for credit card denial, this means that your payment history reflects delinquent payments to creditors.

If you can get a good hike, then you can easily make extra payments to your creditors every month.

However, when you don't make your monthly payments, the company won't be able to send the agreed upon payments to your creditors.

The debtor also must work with a mediator, or trustee, who distributes payments to the creditors.

If you have made regular payments to all your creditors and have a stable employment history you're considered as a good risk.

Do everything you can to avoid late payments to creditors.

The counseling program allows them to make one payment to the counselor and the credit counseling company manages all the accounts and makes payments to the creditors on your behalf.

Any missed payments to your creditors will reflect very negatively on your credit report.

It's treated just like on - time payments to a creditor!

The goal of debt settlement is to offer a lump - sum payment to creditors and hope they will accept it to settle the debt.

Depending on your specific financial situation, you may or may not be making payments to your creditors when you decide to file bankruptcy.

When you don't make payments to a creditor, they will sell your debt to a debt collection agency.

Discover also offers direct payment to creditors, which some borrowers may prefer if they are looking to consolidate debt.

On average, Accredited Debt Relief's clients make monthly payments to their creditors at a rate of around 50 percent before they are even charged a fee by the company itself.

Over the last year or two, she says, she has seen a greater willingness among credit card issuers to accept term payments — where borrowers can make monthly or quarterly payments to the creditor through debt settlement firms.

Our budget tool, Your budget, will work out pro-rata offers of payment to your creditors for you.

If either you or the company failed to make scheduled payments to your creditors contact your creditors and explained what happened.