Sentences with phrase «repay debt obligations»

What are my bankruptcy options, and will my creditors be able to repossess my personal assets to repay my debt obligations?»

Debt Service Coverage Ratio: Debt service coverage ratio (DSCR) is a measure of your business» ability to repay any debt obligations over the course of a year — it shows how much cash your business has relative to its debt.

Consumers» ability to repay their debt obligations in a timely manner and manage their credit wisely is reflected by their personalized credit score (sometimes known as FICO score), which is derived from the three credit reporting agencies.

Repays $ 92,000 through Debt Management Plan Many people would walk away from $ 92,000 in credit card debt, but not Jerry and Sue Bailey, who were recently honored with the NFCC's Professional Achievement and Counseling Excellence (PACE) Clients of the Year Award. The Jackson, Michigan couple was committed to repaying their debt obligations in spite of having had bankruptcy recommended to them. Searching for alternatives, their credit union suggested they reach... Read More

On - time payments signal that you are a responsible borrower who repays debt obligations, which is viewed positively by credit bureaus.

Not exact matches

Banking and lending are risky businesses, because there's always a chance the borrower will fail to repay his or her debt obligation down the road.

Both are debt obligations of an issuing bank and both repay your principal with interest if they're held to maturity.

It seems unlikely that Hellas will manage to repay its summer debt obligations without the agreement of its creditors or a significant drag on its real economy (in the form of default on obligations against its suppliers and employees).

Accordingly, borrowers will be required to covenant in the credit agreement to provide ongoing financial and project information not only during construction, but so long as any Bureau credit instrument is outstanding and / or until any debt obligation to the Federal Government is fully repaid.

A debt for $ 28,138 and $ 2,200 must still be serviced the same way; labor must be converted to common currency to repay the obligation owed.

These minimum requirements are enough to demonstrate that the borrower will be able to handle debt repayment on their own, allowing the cosigner to be released from the obligation of repaying the debt if the borrower were unable to do so.

This method is the most common form of bankruptcy filed in the United States, and it could absolve you of any obligation to repay your unsecured debt.

Repaying debt typically requires you to do without in some area today in order to repay your obligations created in the past.

In addition debt can be refinanced if rates move lower, and eventually is repaid; once issued, shares represent the perpetual obligation of dividends and a dilution of company control.

Cancellation Loan cancellation ends the obligation to repay the debt and typically involves the discharge or forgiveness of the loan balance (including any accrued but unpaid interest).

Having pledged that future earning power, if, shortly after graduation and before having an opportunity to get assets to repay the debt, they seek to discharge that obligation, I say that is tantamount to fraud.

Of course, each lender has his or her own ideas and policies when it comes to determining who can repay debt and who can't, but rest assured, they all consider credit score, job history, and current obligations to be primary indicators of an applicant's strength.

Better rates make loan repayment easier, but it can be a challenge to secure the refinancing if your lender isn't sure you can maintain a strong income to repay your student debt obligations.

Since it takes the average student many years to repay student loan debt in British Columbia and since it can be difficult to obtain long - term, sustainable employment in their chosen career, it is not surprising that after years of struggle many discover that they are not able to keep up with their student loan repayment obligation and find the outstanding balance prohibitive, limiting their lives accordingly.

In the context of bankruptcy, discharge means to be released from the obligation to repay your debts.

Chapter 13 allows you to reorganize your debts and repay obligations over a three - to five - year period.

This effectively reduces the monthly repayment obligations, and repaying college debt by clearing the original loans leads to improve credit scores too.

Senior secured loans: Leveraged Loans or senior loans are on top of a company's capital structure so they are the first to be repaid before other debt obligations and equity holders.

That's because after bankruptcy, you could be release of your unsecured debt obligations, while you'll almost always have to repay secured debt even if it's under a bankruptcy repayment plan.

Debts and credit history: To determine your total debt and your history of repaying other financial obligations.

(8) for an educational benefit overpayment or loan made, insured or guaranteed by a governmental unit, or made under any program funded in whole or in part by a governmental unit or nonprofit institution, or for an obligation to repay funds received as an educational benefit, scholarship or stipend, unless excepting such debt from discharge under this paragraph will impose an undue hardship on the debtor and the debtor's dependents;

Lenders who are trustworthy will verify your income, review your other debt obligations, check your credit and analyze your ability to repay your personal loan.

Regardless of which technique you use, debt consolidation is an invaluable opportunity to repay outstanding loan obligations while repairing your credit.

An inability to meet obligations, hold a job, attend class, or pay basic bills on time can all act as signs that a borrower is irresponsible and may struggle to repay their refinanced student debt — leaving you liable.

Creditors recognize that people who enter a debt consolidation program are trying to repay their obligations in good faith.

After the discharge you will have no legal obligation to repay the discharged debts.

But before you co-sign for anybody, 1) do understand the risks, 2) make sure the borrower knows what happens to your credit as a co-signer if she doesn't pay, and 3) ask whether there's a way for your obligation as co-signer to be removed after a certain portion of the debt has been repaid and maybe your friend builds a bit of a — stellar, right?

For tens of thousands of students, graduation means D - Day in facing the obligation of repaying college debts.

It is important that you borrow only an amount that you can truly afford to repay the lender, and that you never agree to a monthly payment amount that exceeds your budget based on your income and the other debts and obligations that you might have.

Current liabilities are debt obligations that must be repaid within 12 months.

This represents the ability of the company to repay their outstanding debt obligations.

Considering the low likelihood that such bad debt will ever be repaid, debt buyers make their money by taking over these obligations for a fraction of their face value and aggressively going after consumers for payment using letters, calls and lawsuits.

- Have you considered what you will offer as collateral (the asset or assets that will be transferred to your lender if you can not meet your loan obligations) should your lender want loan security - Have you lined up a cosigner (someone who agrees to be liable for the debt if the borrower can not repay) should your lender request one?

If the entity is struggling to meet their obligations, they may be forced to sell assets, possibly at a discount, to repay debts.

Along with the insightful reading materials, you will also receive a certificate that you are instructed to take to your bank to let your creditors know that you are legally releasing yourself from any obligation to repay your mortgage, credit cards and other debts.

This is the step that legally releases you from the obligation to repay debts included in your bankruptcy.

That being said, there are certain legal obligations to repay debt in addition to any moral ones that exist.

As noted before, it also caps your debt obligation at the value of your home — you and your heirs can never be required to repay more than what the home will sell for when you die or move out.

Some businesses may also choose to file Chapter 11 bankruptcy to allow for the restructuring of their debt payments, to provide additional time to repay their financial obligations, and to keep their business running.

The loan is the written agreement evidencing the debt and contains your obligation to repay the lender.

Sovereign debt securities are subject to various risks in addition to those relating to debt securities and foreign securities generally, including, but not limited to, the risk that a government entity may be unwilling or unable to pay interest and repay principal on its sovereign debt, or otherwise meet its obligations when due.

Debt: An obligation to repay a sum of principal, plus interest.

The documents contained a clause that allowed him to request that his co-signer be released from the obligation of repaying the debt if he had made a series of on - time payments and met the company's unspecified underwriting criteria.

It won't negate your legal obligations to repay a debt.

In determining your actual credit limit, the lender will also consider your ability to repay the loan (principal and interest) by looking at your income, debts, and other financial obligations as well as your credit history.