Sentences with phrase «repaid loans or»

Furthermore, they have lacked the technology to look at the whole health of a business and judge them solely based on credit score, a factor that shouldn't reflect if they can repay a loan or not.

Credit risk is the risk of loss of principal or loss of a financial reward stemming from a borrower's failure to repay a loan or otherwise meet a contractual obligation.

Many people have a poor score because of failure to repay loans or bankruptcy among other issues.

It's very important to read and save this document because you'll need to refer to it later when you begin repaying your loan or at other times when you need information about provisions of the loan, such as deferments or forbearance.

The options are to repay the loan or sell the property and find other housing.

It's important to read and save this document because you'll need to refer to it later when you begin repaying your loan or at other times when you need information about provisions of the loan, such as deferments or forbearances.

If the false certification discharge is granted, you are no longer obligated to repay the loan or any charges or costs associated with the loan.

In other words, there is as much pressure on the co-signer to repay the loan or make credit card payments as there is on you.

A promissory note is a written document that promises to repay a loan or debt under certain terms.

If the discharge is granted, you are no longer obligated to repay the loan or any charges or costs associated with the loan.

Whether you are about to start repaying your loans or you have been making payments for a while now, we offer repayment plan options to fit your circumstances and help you successfully repay your student loans.

It outlines how your business will generate enough profit to repay the loan or how you will earn a decent return for investors.

Written Contract: You have signed a contract or document promising to repay a loan or debt.

This means if you fail to repay the loan or otherwise meet the terms of your loan agreement, the lender has the legal right to seize and sell the property in order to repay the loan.

As customers repay their loans or take our free financial education courses, they demonstrate that they're less likely to default on future loans.

It is standard for the lenders to give the borrowers or heirs six months to repay the loan or sell the house before starting foreclosure proceedings.

To see how long it will take to repay your loans or decide whether an income - based repayment plan is right for you, you may want to check out some of the other resources on the site.

They may need even more time to start earning enough to repay loans or afford decent medical benefits.

Therefore, if your beneficiary is counting on a certain amount of money to pay off your final expenses, it will be important to repay any loan or withdrawal or to leave the cash inside of the policy.

The rules require lenders make sure borrowers can repay the loans or limit the size of loans to $ 500.

Helps the group member's family to repay any loan or debts in case the group member dies prematurely, or suffers an accidental permanent total disability, or a critical illness.

Not exact matches

SBA loans allow banks to approve a loan with less collateral or a lower down payment (if cash flow supports repayment), offer a borrower a longer term to repay resulting in lower payments that fit the business» cash flow, or in some cases, underwrite the company's projections for repayment.

In an ESOP, however, companies can take a tax deduction for dividends paid to participants or used to repay an ESOP loan.

«They can focus solely on repaying their debt and neglect other important aspects of life, like saving for retirement or buying a house, or they could put off repaying their student loan debt... and watch as the interest on their student loans accrues into a mountain.»

Small and mid-sized businesses would be much better off with either revolving loans that can be drawn down and repaid multiple times as conditions warrant or longer - term loans.

It takes borrowers an average of 21 years to repay their student loans, while 28 % of students are in default (or miss payments for 270 days or more) within five years of entering repayment.

Loans that have been in default can be consolidated after three consecutive monthly payments have been made or if the borrower agrees to repay the consolidation loans under an income - driven repayment plan (where the payments are based on the income of the borroLoans that have been in default can be consolidated after three consecutive monthly payments have been made or if the borrower agrees to repay the consolidation loans under an income - driven repayment plan (where the payments are based on the income of the borroloans under an income - driven repayment plan (where the payments are based on the income of the borrower).

NMG may voluntarily reduce the unutilized portion of the commitment amount and repay outstanding loans at any time without premium or penalty other than customary «breakage» costs with respect to LIBOR loans.

If at any time the aggregate amount of outstanding revolving loans, unreimbursed letter of credit drawings and undrawn letters of credit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), NMG will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment amount.

Being unable to repay the loan will affect the business owners relationship with their family or friend.

If at any time the aggregate amount of outstanding revolving loans, unreimbursed letter of credit drawings and undrawn letters of credit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), we will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment amount.

Don't keep any change in your job, title, or pay structure a secret from your lender since your paycheck is the main indicator of your ability to repay the loan.

That means they will determine if you have tried to repay your loans and failed, or if you're intentionally creating hardship for yourself through poor decisions.

Another historical factor in deteriorating credit quality — rising interest rates, which make some loans more expensive to repay — is absent in this cycle, as the Federal Reserve appears unlikely to raise rates again either this year or in 2017, according to Morgan Stanley's economists.

This option permits users to leverage the value of their home (or home equity) as a guarantee that the loan will be repaid.

There is no prediction that can be made as to what will take place with any of the student loan forgiveness programs, but borrowers should be aware that any or all of these benefits may disappear in the future, leaving the responsibility to repay student loans fully on their shoulders.

This is because there is a higher risk that you won't pay back the loan if you borrow a lot or if you plan to repay the loan over a long period of time.

In most cases, the court will direct you to repay your loans with the help of other federal programs, such as an income - driven repayment plan or deferment.

504 loans can have either a 10 - year term (for equipment) or a 20 - year term (for real estate), giving borrowers the ability to repay the loan over the lifetime of the asset.

Also, MEFA's eligibility requirements for student loan refinancing do not include having completed a degree, so borrowers who have put school on hold and are repaying their loans may be able to refinance into lower rates with MEFA — or at the very least, into a longer loan term and therefore lower monthly payments.

A temporary cash flow loan probably won't make sense for every business or business need, but can be beneficial to generally healthy businesses that need access to capital quickly and have the means to repay the loan over a short period of time.

Your monthly payments are tied to your debt consolidation loan term — or how long you and the lender agree you have to repay the debt.

• Direct Stafford loans • Direct Consolidation loans • Perkins and Parent PLUS loans are only eligible if you consolidate them into a Direct Consolidation loan and repay them under the standard or income - contingent repayment plan.

If a loan is in default, the borrower can only consolidate the loan under two conditions: the borrower must agree to repay the loan under an income - driven repayment plan, or make payment arrangements with the current loan servicer.

In the lender's judgment, experience a significant lessening of your ability to repay the Loan, or

Business owners must also have fair or better personal credit, which is usually any credit score of 620 or higher, and all borrowers who own 20 % or more of the business must personally guarantee that the loan or line of credit will be repaid.

While refinancing federal or private student loan debt helps streamline the loan repayment process, borrowers are required to repay the loan based on the terms agreed upon at the time the funds are received.

You can begin repaying a consolidated loan 60 days after it is disbursed, or sooner.

Direct Consolidation Loans first disbursed on or after October 1, 2008 that repay loans also first disbursed on or after October 1, 2008 are eligLoans first disbursed on or after October 1, 2008 that repay loans also first disbursed on or after October 1, 2008 are eligloans also first disbursed on or after October 1, 2008 are eligible.

Debt - Free Financing: ROBS is not a loan, which means there are no monthly payments to make or interest to be repaid.