Sentences with phrase «resolved debt default»

Not exact matches

I disagree completely, and not just because transferring bad debt from local governments to the central government, while undoubtedly reducing the probability of a legal default, does not in the slightest way address the cost of resolving the bad debt.

Excessive debt can be resolved by default or by growth.

Hon. K. T. Hammond was sent by President J. A. Kufuor to Paris and London to amicably resolve the US$ 47 million default judgment debt with SG by convincing the Company to accept the US$ 14 million out - of - court settlement instead of insisting on the US$ 47 million judgment debt.

Debts in collections have a larger negative impact than past due payments and the defaulted status will remain on the borrower's credit report for seven years after being resolved.

A good credit restoration company will consider the time - frame in which you wish to resolve it, whether they you the debt, how old the debt is, and what state you were in when you defaulted.

Comparing loan balances owed with the means through which borrowers resolved defaulted debts partially explains the large share of borrowers paying off their loans.

Of the 55 percent of defaulters who resolved their most recently defaulted loans, almost one - half did so by paying off the debt — a solution that could require them to pay large amounts in collection costs.

Other more general MAPs Rule requirements that also are important for reverse mortgage advertising include not making a material misrepresentation regarding: (i) the potential for default under the mortgage, including misrepresentations concerning the circumstances under which the consumer could default for nonpayment of taxes, insurance, or maintenance, or for failure to meet other obligations; (ii) the effectiveness of the mortgage in helping the consumer resolve difficulties in paying debts, including misrepresentations that any mortgage can reduce, eliminate, or restructure debt or result in a waiver or forgiveness, in whole or in part, of a consumer's existing obligations with any person, or (iii) that the mortgage is or relates to a government benefit, or is endorsed, sponsored by, or affiliated with any government or other program, including through the use of formats, symbols, or logos that resemble those of such entity, organization, or program.