Sentences with phrase «smaller debt obligation»

There may be other wrinkles involved - for example, some of your creditors may be willing to write off part of your debt in return for an immediate payoff - but the key thing is that you're simplifying your finances by exchanging many smaller debt obligations for a single bill to be paid every month.

Not exact matches

According to the agency, the ARC loans can be used to pay principal and interest on any «qualifying» small business debt, «including mortgages, term and revolving lines of credit, capital leases, credit card obligations and notes payable to vendors, suppliers and utilities.»

The agency noted that the U.S. is in a better position today to to meet its obligations to investors than it was during the debt crisis of 2011 because the U.S. gap between revenues and outlays is considerably smaller.

Critics contend that a lack of direction could plague small governments who are trying to beat back debt obligations while at the same time providing services to their populations.

Together, these requirements create a triple whammy for some first - time homebuyers who often have smaller down payments, higher debt obligations — such as student loans — and traditionally lower credit scores than more seasoned buyers.

And if your debts are relatively small, debt settlement can allow you to obtain significant relief while signaling your willingness to satisfy your financial obligations.

In other words, as you eliminate smaller debts, you're monthly payment obligations are reduced.

Remember, if you have personally guaranteed a business debt — many lenders require that a small business owner take on personal responsibility for loans or lines of credit — you will still be liable for those obligations, unless freed by your creditors.

As a result, you will have cleaned up and simplified your obligations and the structure of your debt will most likely have improved — in many cases changing from comparatively high short - term repayments to smaller amounts payable on a more long - term timeline.

If you have a lot of debt, it is a signal that even a small setback could cause problems and render you unable to meet your obligations.

Minimum Payment: This is the smallest amount of money a creditor is willing to accept on a debt to avoid default on the obligation

With the debt snowball, you don't start with your highest interest rate obligations, but those with the smallest balances.

At the time when the term policy expires, a smaller permanent policy will be there in place to take care of final expenses or the outstanding debt obligations that are still present but substantially less than when one is younger.

Even though our minds usually go to the big ticket items like mortgages and student loans, when we consider our obligations, our small debts may add up too.

If you don't have someone who is directly dependent on your income then you will want a small policy which will make it easy to take care of any financial obligations you may have (debt, funeral, etc.).

If you're a small business owner and you operate in your own capacity — in other words, as a «sole proprietorship» — you are personally liable for all of the debts and obligations of the business itself; if your business fails, you go under with it.