Sentences with phrase «take action against default»

Not exact matches

While there's technically no law against it, if you default, your lender could still choose to take legal action should they find out that you've used the money for something other than what you agreed to.

If you default on private student loan debt, your lender has that ability to take action against you for breach of contract.

If you fall into «default» because you are not making scheduled payments, this appears as a negative item on your credit report and also means that the government will have to take action against you to get the money back.

While creditors only have two years to take legal action against you when your account falls into default, they can continue other collection activity for years.

a) Disputes filed - 18 months b) Inquiries - 2 years c) Payment profile -5 years d) Information related to a consumers payment behavior such as slow payer, defaulted or absconded - 1 year e) Information relating to the action that a credit provider has taken against a consumer to enforce a debt such as handed over, legal action or write - off - 2 years f) Debt restructuring - Until a clearance certificate is given g) Civil court judgments - 5 years or until the court removes it h) Administration orders (orders to put a consumer under administration)- 10 years or until the court removes it i) Sequestrations (order given by the court where the consumer is insolvent)- 10 years or until the court removes it j) Liquidations (order given by the court where the consumer is insolvent)- no time limit k) Court order removing a liquidation or sequestrations after all the debt was paid - 5 years l) Other information (information not covered above)- 2 years Other Useful Topics Learn how to dispute information on your credit report in South Africa.

While there's technically no law against it, if you default, your lender could still choose to take legal action should they find out that you've used the money for something other than what you agreed to.

If your loan does default and actions are taken against you, you will find that you can not reset the actions and you must satisfy the judgement first.

Among the more usual enforcement actions that the FRO can take against you if you are in default of your payments (e.g. garnishing your wages), there are some perhaps - unexpected ones.

Thank you very much for your response our advert company information is below, we have been hired to clear up a corrosive waste acid, since job was completed they have threaten to take legal action against our firm claiming that my company did not clear up the waste properly and since then there are still in default on payment.

A Mac App Store app called Calendar 2 has been mining a digital coin known as Monero using customers» machines, and Apple took no action against the app despite knowing about it for at least 24 hours.As Ars Technica points out, Calendar 2 is supposed to have an opt - in feature that allows users to choose to let the app mine cryptocurrency to unlock paid features that normally require an in - app purchase, but instead, it's been bugged and has been mining Monero by default.

If your spouse takes responsibility for certain debts but defaults on them, creditors can still initiate collection actions against you and your credit could be harmed.