Sentences with phrase «than the full balance owed»
The phrase "than the full balance owed" means that a payment is made towards settling an outstanding debt, but it is less than the total amount that is actually owed. Full definition
With debt settlement, you could end up paying back a significant amount less than the full balance owed on each account.
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You pay interest on credit cards when you pay less than the full balance owed at the end of any billing cycle.
With your attorney, you can explore your options of settling your debt for less than the full balance owed or filing for personal bankruptcy.
With debt settlement plans you can pay back less than the full balance owed on each account enrolled in the program — making your new monthly payment affordable.
A debt settlement for less than the full balance owed gives a debt collection company the opportunity to collect a lump sum payment in one big payment, and creditors often don't turn down a lump sum chunk of cash!
If you have a lump sum that is less than the full balance you owe on your debts, you can ask your creditors to accept the payment and write off the rest of the debts.
How to deal with the IRS if they send you a tax bill for settling a debt for less than the full balance owed:
When you settle a debt, you're effectively asking the creditor or collection agency to accept less than the full balance owed to consider the account repaid.
Debt settlement & negotiation is where your credit cards and unsecured debts can get reduced and satisfied for less than the full balance owed.
West Virginia debt settlement programs — allow you to settle a debt for less than the full balance owed.
Each of your bills can be satisfied by paying back a significant amount LESS than the full balanced owed.
If a debt can't be invalidated, it could then be settled for less than the full balanced owe.
Settling a credit card debt for less than the full balance owed is mutually beneficial for you and your creditor.
When a debt is settled for less than the full balance owed, your savings could be construed as extra income.
If they are abiding by the laws, maintaining accurate records and complete documentation that's required by laws — then we can settle your debt for less than the full balance owed.
You could end up paying a significant amount less than the full balance owed.
If you qualify for a debt settlement service, you can pay less than the full balance owed to become credit card — debt free.
And he quickly found out; these creditors are willing to settle for less than the full balance owed.
Potential tax consequences that occur when a person settles a debt for less than the full balance owed — the IRS considers this income, and you could be required to pay taxes on the extra income.
For private student loans, you can settle these debts for less than the full balance owed.
For this reason, Credit Unions are unwilling to accept anything less than the full balance owed.
If your debt is validated, our next plan of action would be debt settlement, where your debt can be settled for less than the full balance owed.