Sentences with phrase «payments to your creditors if»

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

Not exact matches

Before figuring out how to price your sale and design its terms, you need to learn as much as you can about the country's payment norms, creditor protection laws (if any), and your customer's credit history.

If this is not done, and the corporation's financial stability is put in jeopardy by the payment of dividends, the directors can, in most states, be held personally liable to creditors.

If you can't afford to make the full payment due, contact the creditor and try to negotiate an alternative payment schedule.

If so, the counselor negotiates with your creditors on your behalf to get reduced payments.

If you find anything that's out of line — say, an unauthorized account or late payment reported in error — reach out to the creditor and credit bureau as soon as possible to start the process of getting it fixed.

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.

And if you can't, talk to your creditor about setting up a payment plan or reviewing other repayment options they have before you go delinquent.

There are many examples of creditors removing a late payment from your credit report if there's a legitimate story behind what happened, and if you can explain what steps you've taken to avoid a repeat occurrence.

Finally, know that you will be held responsible (and it will likely be reported on your credit history) if your DMP is late with its monthly payments to your creditors.

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.

If the DEBTOR fails to pay within 30 days of the date of judgment date (and files no appeal), the CREDITOR may request a SHERIFF»S EXECUTION from the COUNTY CLERK»S OFFICE giving the Sheriff's Department full authority to seize money or property as payment toward the Judgment.

If you are struggling to make payments on time or at all, contact your creditors of see a credit counselor

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.

The most important thing about a chapter 13 case is that it will allow you to keep valuable property, especially your home and car, which might otherwise be lost, if you can make the payments which the bankruptcy law requires to be made to your creditors.

While your exemptions allow you to keep property even in a chapter 7 case, your exemptions do not effect the right of a mortgage holder or car loan creditor to take the property to cover the debt if you are behind or do not make future payments.

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).

LendingClub also allows direct payment to your creditors, which some borrowers may prefer if they are consolidating a lot of debt.

If that's true is the amount on the second mortgage or a portion of it included in the monthly payments that are made over the next 5 years back to your other creditors?

If you don't make your payments on that debt, the creditor may be able to take and sell the home or the property during or after the bankruptcy case.

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.

However, if you are making reduced payments, your creditors can report this to credit bureaus.

If you're having problems with your payments, you should contact your creditors immediately as they will be able to shed more light on the subject.

So if they file a bankruptcy, the fewer creditors that file claims, the less the debtor has to pay back in chapter 13 plan payments or a chapter 7 buyback (a chapter 7 case which has assets that are unexempt).

Finally, know that you will be held responsible (and it will likely be reported on your credit history) if your DMP is late with its monthly payments to your creditors.

You can force secured creditors to take payments over time in the bankruptcy process and bankruptcy can eliminate your obligation to pay any additional money if your property is taken.

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

The procedure is simple enough: Either you or the agent assigned to your case by the consolidation agency contacts each of your creditors and tries to convince them of the advantages they will get if they agree to lower your monthly payments.

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.

If during your proposal your circumstances change and it become difficult to keep up with your payments, it is possible to renegotiate new payment terms with your creditors and file what is called an amended proposal.

If I am late on a credit card and the creditor agrees to waive the late fee does that mean they will not put a late payment on my credit?

However, even if your payments are up - to - date, the secured creditor might repossess your car if you go bankrupt.

If you have only ever made one late payment on an account, ask the creditor to remove the late payment from your credit report in light of your otherwise spotless history.

They'll only sell if you have enough nonexempt equity to make a meaningful payment to creditors.

However, if you are still planning to start with your family as to building a house, buying a car and owing a lot then here are the two major reasons why: a clerical error in recording your payments at one of your creditors and you might be a victim of identity theft.

If you know that you will not be able to make a payment on time because you've had a financial setback, talk to the creditor.

If you are late with a payment, miss a payment or are not able to make your contribution after you have enrolled in the DMP your creditors may no longer want to lower interest rates and waive late charges.

There is a monthly fee as well as monthly payments to your creditors but if you're working with a reputable agency the overall costs will justify the benefits you can get.

If you fail to make payments — either you are late with a payment or miss a payment — after you have enrolled in the debt management program your creditors may no longer want to waive late payment fees.

If accepted, you make payments to Hoyes, Michalos (the Consumer Proposal Administrator) who in turn makes payments to the creditors according to the terms of the consumer proposal.

Credit Bureaus are NOT real time so if you make a payment or payoff an account as in Jack's case it might be days or weeks before the creditor reports it to the credit bureau and thus any FICO credit score change taken into account.

Determine a payment plan based on what you can afford and what your creditors would expect to receive if you filed bankruptcy

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

If you find you can't spend enough on debt repayment to cover all of your creditors» minimum required monthly payments, a Debt Management Plan (DMP) may make your payments affordable.

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.

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.

If you've never been late before and you bring your account current, the creditor may be willing to erase the late payment from its system and report it as current instead.

The exception to the rule of offering a 60 month payment term might be if you expect a lump sum to be available to offer your creditors.

If your creditor report your balance to the bureau before your monthly payment, the higher balance is what the bureau is going to see — in other words, your credit report.