Sentences with phrase «regular monthly payments to your creditors»

DSA does not make regular monthly payments to your creditors.

Debt settlement companies do not make regular monthly payments to your creditors.

GRT Financial, Inc. does not make regular monthly payments to your creditors.

Not exact matches

«When a consumer is unable to meet their regular monthly debt payments, our agency as well as other (accredited agencies), may establish a DMP to help the consumer manage and pay off their unsecured debt by having the consumer deposit a monthly payment into a (trust account) which, in turn, is distributed to their creditors,» Hannah says.

Once you're signed up, the credit counselor will likely put you on a debt management plan through which you make regular monthly payments to them and they, in turn, send your payments to the creditor.

Once protected by the Orderly Payment of Debts program, a client will make regular monthly payments directly to Money Mentors, which is then disbursed to the client's creditors on a pro-rated basis.

The debt negotiation company does not make regular monthly payments to the consumer's creditors during the debt negotiation process either.

The plan must include fixed payments on a regular schedule — typically biweekly or monthly — paid to the trustee who then distributes the funds to creditors according to the plan's terms.

To determine the monthly service fee, the provider must aggregate the number creditors in the plan — whether they are to receive regular payments or a one - time payment in settlement of the debt — and impose any per - creditor charge on that aggregate number (not to exceed a total of $ 50 in any monthTo determine the monthly service fee, the provider must aggregate the number creditors in the plan — whether they are to receive regular payments or a one - time payment in settlement of the debt — and impose any per - creditor charge on that aggregate number (not to exceed a total of $ 50 in any monthto receive regular payments or a one - time payment in settlement of the debt — and impose any per - creditor charge on that aggregate number (not to exceed a total of $ 50 in any monthto exceed a total of $ 50 in any month).

In contrast to debt management plans in which consumers make monthly payments to creditors, the debt settlement business model generally requires that a consumer stop making regular payments to creditors.

The CFPB rule defines a «qualified mortgage» that is presumed to meet the ability to repay requirements as one «for which the «creditor» underwrites the loan, taking into account the monthly payment for mortgage - related obligations, using: The maximum interest rate that may apply during the first five years after the date on which the first regular periodic payment will be due.»

Make your regular (usually monthly) payments to the Licensed Insolvency Trustee, for distribution to your creditors.