Sentences with phrase «remaining portion of your debt»

If the creditor accepts your offer, make sure they also agree to cancel the remaining portion of your debt.

Not exact matches

Since the minimum monthly payment is reduced to only a portion of interest costs, the remaining debt is forgiven after 10 years but is not taxed, unlike the 20 + year taxable loan forgiveness provision.
In this type of bankruptcy, generally the courts allow you to repay a portion of your debt over three to five years, and the remaining debt is discharged.
This difference can be especially relevant to refinancing, because if you lengthen out the time remaining on your mortgage debt, it is likely to mean that interest is a greater portion of your monthly payment — and therefore, more of that payment would be deductible.
The Plaintiff has a desire to repay all or some portion of her educational loan debt, however, due to the Plaintiff's disability she is and will remain unable to repay her educational debt including accrued interest.
However, if $ 50,000 of that amount is used to improve your home (a new bathroom, kitchen renovation), that portion would be deductible via your «Home Acquisition Debt» and the remaining $ 100,000 would be deductible under your «Home Equity Debt
The remaining $ 25 shortfall will be added to your debt — thereby increasing the debt portion of your total debt service ratio.
When federal agencies publish debt figures, those figures usually include only the portion of the original principal balance remaining.
«Residue» is a term to describe the portion of your estate that remains after all debts, expenses, and specific bequests to others have first been satisfied.
The firm proposed a deal that was tax efficient and acceptable to the majority of investors, and assisted in negotiations to balance the interests of lenders while at the same time wiping out a significant portion of the company's debt, to ensure it remained solvent.
Here's the good news: Once your estate has been completely exhausted, your creditors have very little recourse if there's any debt remaining; technically, this means a portion of your debt does actually die off with you.
A portion of the premium paid by the policyholder is utilized to provide insurance coverage to the policyholder and the remaining portion is invested in equity and debt instruments.
Combining insurance and investment, a portion of the premium goes towards providing a life cover, whereas the remaining is invested in equity and debt.
Some part of the premium paid is utilized to offer insurance cover to the policy holder while the remaining portion is invested in various equity and debt schemes.
A part of the premium paid is utilized to provide insurance cover to the policy holder while the remaining portion is invested in various equity and debt schemes.
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