Sentences with phrase «rely on creditors»

Additionally, since the credit bureaus don't actively seek out information, they rely on your creditors to furnish the information that goes on those reports.

If you fall into this group, and you rely on creditors and lenders from time to time, you'd be wise to keep tabs on your score.

Credit bureaus rely on creditors and lenders to provide the information that winds up in your reports, and may not always provide information to each bureau.

Settling your unpaid debts is obviously a smart financial move, but you shouldn't rely on your creditors to fix your report just because you've paid in full.

By contrast, debt settlement relies on your creditors voluntarily agreeing to accept less than the amount that is legally owed.

Not exact matches

If the owner dies, creditors are likely to take everything, and the owner's family will be left without the income or assets of the business to rely on.

All of these different credit scores rely heavily on the payment history a company has with its previous suppliers, creditors, and lenders.

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).

k) You understand that CRA is expending labor, materials and funds in order to work on your credit file and that CRA is relying on your prompt furnishing of ALL correspondence received by you from either the creditors or credit bureaus, promptly upon being received by you and within 7 days.

First, don't rely on someone else to contact your creditors.

This procedure relies on using the required legal language and then holding the creditors and credit bureaus responsible by filing appropriate charges and providing the requisite evidence that the credit bureaus and creditors had notice but were negligent in following the law.

Normally, the creditors don't insist on hard credit checks but instead rely on the harmless soft credit inquiry.

Although creditors usually consider a number of factors in deciding whether to grant credit, most creditors rely heavily on your credit history.

What's more, borrowers can have Discover fund personal loans directly to creditors, so they don't have to rely on their own discipline to ensure the funds are used wisely.

You can not rely on a debt management program to successfully negotiate with all creditors — some creditors simply refuse to participate.

All of these different credit scores rely heavily on the payment history a company has with its previous suppliers, creditors, and lenders.

The reality is that creditors and lending agencies rely on the consumer's credit history rather than a blacklist to guide their loan decisions.

Fortunately, some lenders and creditors are relying less on personal credit these days to judge the financial soundness of a business.

If you are struggling to pay back money that you owe, the fair debt collection act is something that you can rely on to make sure that you will be treated fairly by your creditors.

With less interest to pay your creditors, it's easier stop relying on credit cards, save for emergencies, and put other financial safety nets (like insurance) in place.

For example, creditors may ask you to reapply if you relied on your ex-husband's income to get credit in the first place.

To verify the credit information, lenders must use a published address or telephone number for that creditor and not rely solely on information provided by the applicant.

If you're unable to make more than minimum monthly payments on your debts, rely on credit to meet your monthly expenses, or are being harassed by creditors, please know that there are options available to you.

An applicant for an unsecured credit card also is subject to a credit inquiry, in which the creditor checks your credit history to determine whether they can rely on you to pay your credit card bill each month.

All of these different credit scores rely heavily on the payment history a company has with its previous suppliers, creditors, and lenders.

Creditors were unable to rely on a foreign judgment rate of interest if in fact they did not obtain a foreign judgment, and were also not able to claim compensation for late - payment of interest.

In concluding that the word «liability» in cl 4.5 did not mean legal liability the judge had relied on the colloquial use of the words «debtor» and «creditor» by Lord Nicholls in para 31 of that case.

Delaware court says creditors entitled to rely on loan documents authorized by secured lenders despite errors, Reuters

In RadLAX, the Supreme Court resolved the split by unanimously siding with the Seventh Circuit.5 Relying on well - established canons of statutory interpretation, the Court, in an «easy case,» held that a debtor's plan providing for a sale of secured property free and clear of the creditor's lien could not be confirmed without affording the secured creditor the right to credit bid for the property.

Crisis affected companies, creditors, shareholders and investors rely on the cross-border expertise of the firm's restructuring & insolvency team.

Yet as currently it exists, the set - up relies on the use of intermediaries and off - chain communication, namely mediators who sit between the creditor and lender.

For those assets and debts you are going to transfer to the other person or change from joint to individual, amend the account and title before the divorce is final, that way you aren't relying on your ex-spouse to make payments on a debt that is still classified by the creditors as joint.

Federal bankruptcy law exempts a debt from discharge if the creditor can show that the debtor obtained money through known misrepresentation that was relied on by the creditor and created a loss to that creditor.

Credit union commenters explained that alternative 2 allows creditors to rely on settlement agents when needed, unlike alternative 1, which they believed would require creditors to hire staff attorneys to perform closings in multiple jurisdictions, increasing costs and limiting their ability to perform closings nationwide.

Thus, the Bureau expects that creditors will have strong incentives to continue to rely on settlement agents under alternative 2.

These commenters believed that these changes together would require a creditor to provide a Loan Estimate subject to stricter tolerances in a shorter period of time, with less information than it could currently rely on.

Many commenters, including large banks, credit unions, community banks, settlement agents, related trade associations, and two consumer advocacy groups submitting a joint comment explained that alternative 2 most closely reflects current industry practice in which the creditor relies on settlement agent expertise and efficiency.

[16] The rule and the Official Interpretations (on which creditors and other persons can rely) contain detailed instructions as to how each line on the Closing Disclosure form should be completed.

[7] The final rule and the Official Interpretations (on which creditors and other persons can rely) contain detailed instructions as to how each line on the Loan Estimate form should be completed.

The final rule clarifies that, with respect to the Closing Disclosure provided three business days before consummation, creditors may provide disclosures based on the best information reasonably available and may rely on information provided by settlement agents.

Under the proposed rule, the creditor would have been permitted to rely on a mortgage broker to provide the Loan Estimate, but the creditor also would have remained responsible for the accuracy of the form.

Thus, if a creditor or settlement agent delivers the Closing Disclosure electronically consistent with § 1026.38 (t)(3)(iii) or delivers the Closing Disclosure by overnight courier, the creditor or settlement agent may rely on evidence of actual delivery (such as documentation that the Closing Disclosure was received by certified mail or overnight delivery that uses a signature to accept delivery or email, if similar documentation is available) to determine when the three - business - day waiting period begins.

Commenters explained that, depending on the market, the creditor's size and financial resources, some creditors may develop a variety of approaches to preparing and providing the Closing Disclosure, including relying, in some cases, on an in - house capability, and in other cases relying on approved unaffiliated third - parties or affiliated third - parties.

Alternatively, that commenter suggested that the rule permit creditors to rely on information regarding homeowner's association assessments and other charges provided by the buyer or seller when preparing the Loan Estimate.