Sentences with phrase «payments to your creditors for»

Most plans require debtors to make installment payments to creditors for an additional three to five years after the proceeding, with any debt left after the plan period to be forgiven.

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

What representatives do is that they offer a lump - sum payment to creditors for less than what you owe and then they intentionally make you delinquent on your debts in order to have leverage.

My logic of thinking said this was a smart move because you were getting the interest rates lowered for me as well as making the payments to each creditor for me each month.

The court then divides the money up and sends the payments to all your creditors for you.

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

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

Debt settlement firms do not make your monthly payments to creditors for you.

Not exact matches

He learned about credit and cash flow management since he operated on a 50 % upfront deposit and had to put up 80 - 90 % of the total cost, so they were a creditor of the job for 30 - 40 % for usually 3 - 6 month (or more) until the final payment was due.

To qualify for the lowest rate presented, a borrower will need an excellent credit profile, take the loan out with a qualified co-borrower, use their loan to consolidate existing debt, and authorize the direct payment of that debt to their existing creditors using the loan proceedTo qualify for the lowest rate presented, a borrower will need an excellent credit profile, take the loan out with a qualified co-borrower, use their loan to consolidate existing debt, and authorize the direct payment of that debt to their existing creditors using the loan proceedto consolidate existing debt, and authorize the direct payment of that debt to their existing creditors using the loan proceedto their existing creditors using the loan proceeds.

For this reason, wherever possible it's advisable to work with creditors who will report on - time payments to these rating firms.

If you interact and converse with most business owners today you will discover a common theme emerging: the day - to - day struggle of chasing outstanding payments and juggling creditors who themselves are pressing for payment.

With Notice Comes Responsibility: Direct Payments to Creditors Are Payments «Under the Plan» and Required for Debtor to Be Granted § 1328 (a) Discharge

The announcement comes as Venezuela faces acute financing problems after creditors and ratings agencies declared the government and state - run oil firm PDVSA to be in partial default for missing interest and principle payments on bonds.

The country is $ 70 billion in debt, schools are closing by the hundreds, and infrastructural services — like the overburdened electricity system — have been overlooked in order to make way for debt payments to Wall Street creditors, according to Juan Cartagena, President and General Counsel of LatinoJustice PRLDEF, a public interest law firm.

Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.

Bear in mind, though, that any payments made directly to your creditors can not be retrieved under the 30 - day guarantee, meaning you're responsible for returning that money if you decide to refund the loan.

«It is neither in the interests of the club nor its unsecured creditors for such a ransom payment to be made, particularly where the payment is being demanded by one of the authors of the club's current circumstances.

Garcia Padilla said the island needed to postpone its debt payments for several more years, and would seek concessions from creditors in an effort to stretch out loan payments.

Debt - settlement companies tend to hold monthly payments from you until they have a lump sum they can offer a creditor in exchange for a settlement.

However, it also represents a serious risk for your cosigner: If you make a late payment or you are unable to pay at all, your friend or family member's credit rating will suffer, and the creditor can come after them for repayment.

Poor Credit Credit Cards - 3 Tips to Getting Approved Just a few black marks on your credit report — a couple of late payments, an account that's been «charged off» — can be enough for creditors and lenders to consider you a «high risk» customer.

Your debt settlement program will have you stop making payments on your debt — usually for six months or more, according to the National Foundation for Credit Counseling (NFCC)-- to give creditors the impression you can't afford your debts.

An example of this «workout plan» is the debtor agreeing to pay more than the monthly payment for a fixed period while the creditor agrees to lower the interest rate or even eliminate interest during that time, allowing more of the payment to go toward debt owed versus interest and penalties.

Bankruptcy will not normally wipe out: (1) money owed for child support or alimony, fines, and some taxes; (2) debts not listed on your bankruptcy petition; (3) loans you got by knowingly giving false information to a creditor, who reasonably relied on it in making you the loan; (4) debts resulting from «willful and malicious» harm; (5) student loans owed to a school or government body, except if the court decides that payment would be an undue hardship; (6) mortgages and other liens which are not paid in the bankruptcy case (but bankruptcy will wipe out your obligation to pay any additional money if the property is taken back by the creditor).

Some creditors may allow you to break up the payments over several months for larger balances but you must stay on task and make those payments on time until the debt is paid in full.

If you are negotiating with the original creditor to reduce the debt for a lump sum payment, include the stipulation that they remove the negative credit status.

If you owe debt that amounts to something more than $ 10,000 and you're tired of splitting your payments among multiple creditors, you're perhaps the best candidate for debt consolidation.

If the debtor defaults on payments after signing a reaffirmation agreement, the creditor will have the right to sue for a deficiency judgment.

You can make payments once a month to pay back the entire debt amount of a whole month for all the creditors.

Chapter 13 bankruptcy can reorganize your debt and the individual makes payments to a Chapter 13 trustee, who then makes the payments to the creditors on your behalf, for a settled amount of money, over a period of 3 - 5 years.

Upon receipt of your payment, your money will be disbursed to each of your creditors for the agreed upon amounts.

If you've been a diligent customer or account holder for some time, have good credit, have made timely payments and have built a good relationship with your lender or creditor, you may want to negotiate better terms for your loans.

Debt consolidation also prevents filing for bankruptcy, eliminates creditor harassment, lowers debt payments up to 50 % and enables one monthly payment.

There is also a monthly administrative fee or «voluntary contribution» for handling the monthly payments to your creditors and any follow - up that is required during the DMP.

Some debt consolidation companies try to get lenders to settle by withholding your payments to them, in the hope that the creditor will then be willing to settle for less.

For the most part, late payments will stay on an individual's credit report since it is not only relevant to the existing creditor but to future lenders as well.

«In this case, there is typically a continuing obligation of the debtor to file timely taxes and provide the returns to the trustee, and to turn over all refunds for payments to creditors,» Archer said.

Instead of sending the money out to the creditors these monthly payments were transferred to companies - for - profit.

Creating a list of debts that includes the names of the creditors, the total amount you owe, the monthly payments you need, and the due date for payment is a good idea just to help you visualize exactly how much you owe and need to pay off.

-LSB-...] all United States money as identified above are a valid and legal offer of payment for debts when tendered to a creditor.

If a potential client is not ready for credit repair as a result of a lack of funding, the inability to stay current on future creditor payments, or the need to declare bankruptcy, we will be mindful of your time and money.

Creditor Insurance for CIBC Personal Loans1, underwritten by The Canada Life Assurance Company (Canada Life) can help pay off or reduce your balance in the event of your death, or cover your payments in the event you are unable to work due to a disability or involuntary job loss.

But if you convert them into secured debt and try to file for bankruptcy, your creditors can seize your house once you default on your payments.

The gold standard for reporting late payments to credit bureaus comes from the Credit Reporting Resource Guide, a standardized way for creditors to comply with federal law.

Consider negotiating for lower interest rates with creditors to lower monthly payments.

Debt settlement is a process of negotiation with one's creditors to «settle» for a payment that is less than the full amount of the debts.

You can also try a pay for delete technique where you offer payment to the creditor in exchange for removing the item from your credit report.

To help ensure you never miss a thing, technology makes it possible for you to automate your payments to creditors and reduce the risk of forgetting to pay a bilTo help ensure you never miss a thing, technology makes it possible for you to automate your payments to creditors and reduce the risk of forgetting to pay a bilto automate your payments to creditors and reduce the risk of forgetting to pay a bilto creditors and reduce the risk of forgetting to pay a bilto pay a bill.

It also regulates the conduct of creditors by setting forth timetables for issuing billing statements, handling delinquent payments, and prohibiting bank conduct from using your money deposited there to satisfy delinquent credit payment.