Sentences with phrase «repay individual debts»

Not exact matches

Crowdfunding debt is when a group of people or businesses lend money to an individual or company with the understanding that the loan will be repaid with interest.

Investors do expect a share of the profits where, if you obtain debt financing, banks or individuals only expect their loans repaid.

The resolution adopted Monday urges the U.S. Department of Education «to devise new debt relief programs that effectively address the problems that individuals with low income are encountering in repaying their student loans.»

As Chapter 13 requires a filer — an individual, husband or wife, or a sole proprietor — to use their income to repay some or all of their debts, they must not have an irregular or a low - income.

Cosigner — An individual who signs the loan promissory note with you is called a co-borrower or cosigner, and is equally responsible for repaying the debt.

Bankruptcy is a process that allows an individual or business to eliminate or repay a portion of their debt, or at times all of their debt, under the protection of the United States federal bankruptcy court.

A debt collection tool that allows the government to seize income tax refunds from individuals who owe the federal government to help repay the outstanding debt.

I love the solvency ratio as it typically indicates the ability of an individual to repay all existing debts using existing assets in case of a downside scenario.

This ratio shows the ability of an individual to repay a short - term debt in the event of an emergency occurs.

In general, all assets of an individual become security to a creditor if he is unable to repay his debts.

As tuition continues to rise and income for entry - level jobs do not, more and more individuals find themselves with student loan debt they can not repay.

One of the major factors a bank looks at when deciding whether or not to issue a new credit account is the individual's ability to repay the debt.

The amount of an individual's monthly installment payments depends upon the amount of the tax debt and the individual's ability to repay that debt within the IRS collection period.

Under Chapter 13, an individual repays at least a small portion of his or her debt over a period of time, usually between three to five years.

A numerical standard by which a lender can determine an individual's likelihood of repaying a debt by the agreed terms.

The bankruptcy process is Canada is a safe, and regulated process, making it, or a consumer proposal, a very good option for individuals who find themselves with more debt than they can easily repay.

Chapter 13 Bankruptcy, commonly called a wage earner's plan, enables individuals with regular income to develop a plan to repay all or part of their unsecured debts over three or five years.

A record of an individual's debts and payment habits which helps a lender determine whether a potential borrower is likely to repay a loan in a timely manner.

Individuals who file for Chapter 7 Bankruptcy relief have proven to the court that they have no realistic means of repaying any significant portion of their debt in the foreseeable near future.

Credit scores are intended to predict an individual's ability to repay their debt.

While repairing credit after bankruptcy does not happen immediately, it does happen for individuals who take steps to restore their financial standing — and, in particular, steps that look favorable to lenders over time, such as consistently repaying bills and keeping low debt - to - cash ratios.

It does not measure whether the individual will have the financial ability in the future to repay a specific debt; but whether the individual has paid debt in the past.

Eligible individuals are those with a tax debt below $ 10,000; they will be allowed to repay their debt within three years.

These individuals should not only be able to obtain a debt consolidation loan at a low interest rate but also the odds of successfully repaying the loan are good.

Discussion: As noted in the NPRM, adverse credit history is a measure of an individual's history of repaying existing debt.

Credit agencies, also known as credit ratings agencies, help potential lenders and creditors determine whether to lend or extend credit to an individual or business, by predicting the likelihood that the borrower will repay the debt in a timely manner.

Before diving into these differences I make an extremely important point: these options generally only work in situations where individuals have the ability to repay their debts, or at the very least, a significant portion of them.

It enables individuals to re-organize with regular income to develop a plan to repay all or part of their debts.

The federal bankruptcy reform of 2005 created the Means test, to prevent use of Chapter 7 by individuals who were considered capable of repaying at least a portion of their debts through a Chapter 13 plan.

When creditors choose to extend credit to an individual or business, that extension of credit is based on the understanding that the borrower will have resources that can be used to repay the debt.

As debts get repaid, you have fewer individual payments; eventually you will only have one debt — your largest — toward which you can dedicate your efforts.

Chapter 13 of the federal bankruptcy laws gives individuals the right to propose a plan to their creditors to repay their debts.

Repayment under the standard repayment plan is typically expected to be completed within 10 years; the return on investment from training may well be experienced over a lifetime, but benefits ultimately available over a lifetime may not accrue soon enough to enable the individual to repay the student loan debt under and within the schedules available under the title IV, HEA programs.

As stated previously, these regulations will help ensure program graduates have sustainable debt levels both in the early part of their careers and in later years so loan payments are kept manageable and do Start Printed Page 64923not interfere with individuals» ability to repay other debts or result in general over-indebtedness.

Chapter 13 enables individuals with income to have a plan to repay all or part of their debts and offers advantages over a Chapter 7 Bankruptcy.

More than scholarships, these loan forgiveness programs actually work to repay the student debt of an individual with opportunities to get out from underneath financial problems.

A borrower's debt - to - income ratio is one of the most critical factors in the loan review process because it helps determine an individual's ability to repay.

The debt - to - income ratio is one way lenders, including mortgage lenders, measure an individual's ability to manage monthly payment and repay debts.

One - tenth of one percent of petitions filed by individuals with predominantly consumer debt were filed under chapter 11, which allows businesses and individuals to continue operating while they formulate plans to reorganize and repay their creditors.1

The benefits of a Chapter thirteen bankruptcy include protecting individuals from the efforts of debt collectors; permitting individuals to maintain ownership of their personal and real property; and allowing people to repay their debts with a schedule involving reduced payments.

In Chapter 13 bankruptcy, individuals are often able to halt foreclosure proceedings and other collection efforts and create a plan to repay debts over time.

Chapter 13 is designed for individuals with regular income to repay a portion or all of their debt over an extended period of time.

Chapter 13 bankruptcy is designed to help individuals with a regular income repay a portion of their debts over a period of time — typically three to five years.

«Unfortunately, among other factors, repaying student debt is delaying a typical individuals» path to homeownership by roughly five years.»

I would imagine that private investors would be more interested in the profitability of the individual investment where a banks interest is more aligned with the ability to repay the debt as agreed (often based on income streams not related to the investment).

Credit history: history of an individual's debt payment; lenders use this information to gouge a potential borrower's ability to repay a loan.