Sentences with phrase «reduction of the debtor»

Not exact matches

There are Reduction programs for debtors with accumulated interests rates on their repayment plans, settlement arrangements to eliminate late fee charges and credit fixer uppers for those who have a stockpile of past due invoices on their credit card purchases.

Debt negotiation implies agreeing with the debtor's creditors new repayment programs with debt reductions, interest rate reductions and extensions on the repayment schedules so as to ease the situation of the debtor by providing lower monthly payments he will be able to afford.

Each one has different success rates that can sometimes achieve up to a 70 % debt reduction helping the debtor in the process of becoming debt free.

Even though this is so obvious only small numbers of debtors include this into their debt reduction plan.

The definition of debt settlement as found in Wikipedia states, «Debt settlement, also known as debt arbitration, debt negotiation or credit settlement is an approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full.»

The term «proceeds and avails», in reference to policies of life insurance, includes death benefits, accelerated payments of the death benefit or accelerated payment of a special surrender value, cash surrender and loan values, premiums waived, and dividends, whether used in reduction of premiums or in whatever manner used or applied, except where the debtor has, after issuance of the policy, elected to receive the dividends in cash.

While this is not necessarily news for a lot of debtors, it's surprising that not more people are more strategic about working on a debt reduction plan that can expedite their payoff schedule.

Before answering that question debtors should be aware that with many of the credit card debt reduction firms how to accumulate the debt settlement money would not be an option.

Lower monthly credit card payments A compromise amount that debtors themselves approved and are able to pay Significant reduction or elimination of interest, fees and finance charges Avoidance of bankruptcy Considerable debt reduction or elimination of credit card debt.

Corporate rescue teams understand the economic causes behind the potential business failures and are ideally positioned to advise on the appropriate number of debtor days, the levels of WIP, the structure of teams, the necessary redundancies and the reduction of partner drawings.