Sentences with phrase «than the amount owed because»

Many creditors are willing to settle for less than the amount owed because they realize they will get more of what they are owed this way than if they had to hire a collection agency or take you to court.

Not exact matches

Of the nine winners who did report challenges building their startups because of student - loan debt, only three left school owing more than $ 35,000, the average amount for class of 2015 graduates (the highest in U.S. history), according to a report by financial aid resource Edvisors.com.

As a white american man I DESERVE to get the most for the same amount of input, the world OWES me because I am naturally better than anyone else.»

If you do not benefit from the full amount of the Child Tax Credit (because the credit is greater than the amount of income taxes you owe for the year), you may be eligible for the refundable Additional Child Tax Credit.

Additionally, the amount you legally owe on the debt doesn't change just because a collections agency purchased the debt for less than it is worth.

Because IBR payments may be lower from time to time than the amount needed to pay off the loan, you may end a particular year owing more than you did at the start.

That's because a tax credit is applied dollar - for - dollar to your taxes owed, rather than simply reducing the amount of income that can be taxed.

You may not even notice that you're receiving a tax benefit because it has little effect on the amount of tax you owe at the end of the year (or the size of your refund), but it's there in the form of a net paycheck that's about $ 125 per month bigger than it would be without the tax savings.

This will improve your score over time, because people owing smaller amounts on their credit accounts are viewed as having a lower repayment risk than those who owe more.

If a credit balance results on your account (for example, because you pay more than the amount you owe, or you return a purchase and the purchase price is credited to your account), the creditor must make a refund to you.

A short sale is essentially what happens when a home is sold for less than the amount of money that remains on the mortgage because the owner owes more on the mortgage then what the property is worth.

Typically, this amount is much less than what you currently owe, but it is attractive to creditors because it is more than they would receive if you chose to file for bankruptcy.

According to the CFPB, Qualified Mortgages can not have loan terms longer than 30 years and can not involve negative amortization, a situation in which the amount owed increases because a borrower is only making payments toward the principal and not toward interest.2 They also can not include balloon payments, which are bigger payments made when a loan is reaching its end, or a period in which the borrower is exclusively paying interest rather than contributing payments toward the principal.

It means that less interest will be paid on the amount owed because it will be 20 % less than the total amount for the loan.

You want to consolidate debt - Similar to taking cash out, if you want to pay off your high - interest - rate credit card debt with your low - interest - rate mortgage, you'll only be able to do that through a normal refinance, because an appraisal and additional underwriting is required to get a loan for a larger amount than you currently owe on the home.

Because the home is sold for less than the amount owed, the bank will agree in writing to take a loss on the sale.

In a divorce, sometimes a house goes into foreclosure during a divorce because the spouses can not pay the mortgage, and it ends up being sold at foreclosure for less than the amount the spouses owe.

The reason why the so - called «discounters» have business right now is because so many sales of homes are in the unfortunate position of being under water (the mortgage amounts owing thereon are higher than what the current market values are, or, to put it another way, the mortgage amounts owing are higher than what one can reasonable expect to get when one sells said property (ies).

(The property is «underwater» because more money is owed on the home than its fair market value, the sales price, or the foreclosure sale amount.)