Sentences with phrase «settle such debts»

As a means of payment, the early use of monetized grain and silver was mainly to settle such debts.

Not exact matches

Instead, these companies can only charge a fee for their services when they actually settle a debt, such settlement is memorialized in writing and a payment has been made to the creditor.

You'll also want to think about debt relief techniques such as paying more when the budget allows, consolidating debts and settling debts.

The type of services covered under the new rules are companies that promise to 1) work with a creditor to settle the debt for a lesser amount than is owed, (debt settlement companies) 2) work with all of a consumer's unsecured creditors to promulgate a debt management plan to vary the terms of all such debts, under a debt management plan (debt management companies) and 3) negotiate with a creditor to lower the interest rate of the outstanding debt and / or waiver of certain debt fees, such as late fees or over the limit fees (debt negotiation companies).

Frank Pipitone, a bankruptcy attorney in New York, was able to settle one such debt for a client.

Recently, Ontario has taken steps through the Collection and Debt Settlement Services Act to ban such companies from charging their fees «up - front» before they actually settle your debts.

Also, keep in mind that you will have to earn the before tax income to pay off the CRA debt, not simply the amount of the debt itself, which is another reason you may want to settle with CRA through a debt repayment option such as a consumer proposal or bankruptcy.

Since a debt collection company has the ability to purchase debt at such a cheap price, this is why debt can be settled at a fraction of the price.

No company can settle your debt for «pennies on the dollar», and any company that makes such empty promises is too good to be true.

The issue is if, or when, a debt settlement company who participates in facilitating such a settlement will be later sued by the consumer for settling a time - barred debt.

The longer things go after the credit card company has started litigation in the court system the more likely it becomes that a creditor will refuse to participate in your debt settlement plan and you must settle a credit card account for more than you might want to or you will face a court hearing and its consequences such as garnishment.

You can not settle secured debt such as home mortgages and car loans in a debt settlement program.

Unlike a debt settled at the charge - off stage, no such reporting change occurs when a collection goes from unpaid to either paid - in - full or settled.

Such a lawyer helps individuals and business entities that are struggling with debts settle, get relief from or eliminate their debts.

I have helped couples settle all issues such as identification, characterization, valuation and division of all assets and debts, parenting plans and assuring physical needs of children — away from courthouse pressure.

so that your family can settle outstanding debts such as a house payment, vehicle loan, etc. and not have the added financial stress of debt.

By taking into account your final expenses such as uncovered medical bills, funeral and estate - settling costs, outstanding debts, the balance of your mortgage, and college costs.

For instance, losing a stay - at - home spouse can lead to dramatically increased child - care costs, time away from work for the surviving spouse, final expenses, the settling of outstanding debts, and these are just the financial aspects of such a serious loss.

If you buy life insurance before 30, make sure you buy a policy that covers you at least till 60 years of age.The cover of your plan should be enough to settle your outstanding debts, generate income for your family, and cover the major expenses.Do not hide or misstate your personal information, such as medical history, smoking or drinking habit, etc., while buying insurance.Trying to unethically cut on your premiums can prevent you from getting the full benefit in the event of a claim.

Even though this deal might help Fiat Chrysler settle the current net debt of $ 7.6 billion, executives from other carmakers such as Ford Motor and GM are of the view that such a deal might relegate automakers into mere hardware suppliers for Google.

In a contested divorce at least one issue has not been settled — either getting divorced or the terms of the divorce, such as the division of assets, allocation of debts, alimony, child support, or the custody of children.

Ask them if they allow borrowers to use their contribution for paying off such things as bad debt or to settle judgments against the borrower.