Sentences with phrase «than the original debt»

That equity interest is most often worth far less than the original debt.

The amount owed (remember, this amount may be much larger than your original debt amount due to accrued interest and fees from being in default)

If you're thinking of taking out a debt consolidation loan, you may wish to arrange to repay it over a longer timeframe than your original debts — which can lower the amount you are required to spend each month.

Because you've paid back # 10,000 less than your original debt, some people argue that there is no fee involved (how can you have a negative fee?).

According to a recent report, around 3.3 million Britons are in persistent debt, often paying a higher amount in interest and charges than their original debt over a period of 18 months.

An agency negotiates with the people you owe money to, and they settle on a sum that is lower than your original debt.

The advantage of such loans is they will have lower interest rates than the original debt.

Without good health you will need more money to pay for your health care and if you can't provide sufficient health care for yourself and those who are under your care then the long term problems that results from that are often much more costly than the original debt.

It goes without saying that taxes are at the top of the priority list, as the IRS has more powers than anyone to recover the monies owed to them and failure to pay their account on time will not only result in interest but also penalties that can quickly mount up to more than the original debt.

However, for many borrowers, this tax bill is much more manageable than the original debt itself, so the plan makes sense.

A debt consolidation loan can save the debtor a considerable amount of money as long as the interest rate for the loan is lower than the original debt.

For most Canadians, their proposal payments are much less than their original debt payments, so they can save money and rebuild their finances during their proposal.

Because of this I was able to pay off my credit card debt four months earlier than my original debt - free date.

Not exact matches

However, the creditors still get the short end of the financial stick: the face value of the common stock to be received will almost certainly be less than the face value of the original debt.

A collection agency, whether through the US government or private lender, won't usually settle a defaulted student loan debt if it's less than the amount that the lender is likely to receive over the life of the original loan — so negotiation is essential during settlement talks.

So rather than being a distinct primary bear market, and a distinct economic downturn, what we're likely to observe ahead will be largely a continuation of the original unresolved mess of bad credit and unrestructured debt, now also writ large across Europe.

This winding down of U.S. debt can best be achieved by removing the tax - deductibility of interest payments, and do what the original 1913 income tax did: tax capital gains at normal income rates rather than subsidizing speculation.

Every larger than life creature feature, from King Kong to Godzilla to Jurassic Park owes a debt to the original The Lost World (1925), the granddaddy of giant monster movies.

These debts are basically replaced by one loan, and as long as the new repayment sum is lower than the combined sum of original repayments, the move will be a success.

The reason is that the repayments on a consolidation loan should be much less than what the combined repayments were on the original debts.

If you settle for less than the face value, that says something different entirely; not only could you not pay the original creditor, you had to negotiate to reduce the amount to pay the debt collector.

Even if you're not nearing the end of your liability, you can likely negotiate a payment that's substantially less than the original medical debt.

Generally speaking, the only time an original creditor will qualify as a debt collector under the FDCPA is when they use a name other than their own to collect the debt.

They wait for the time to have past rather than spend the money to repay the original debt.

For example, if the debtor's underlying debt obligation was scheduled to be paid over more than five years (i.e., an equipment loan or a mortgage), the debtor may be able to pay the loan off over the original loan repayment schedule as long as any arrearage is made up during the plan.

Most original creditors would rather sell you debt at a huge discount than continue to try and obtain their your money from you.

The debt collectors generally have more authority to settle a debt than an «in house» collector working for the original creditor.

• Unlike in the U.S., underwriting standards for qualifying mortgage borrowers in Canada have been maintained at prudent levels resulting in mortgage borrowers here being much more creditworthy; • Canadian mortgage lenders never offered low initial «teaser» rate mortgages that led to most of the difficulties for mortgage borrowers in the U.S.; • Most mortgages in Canada are held by their original lender, not packaged and sold to third parties as is typical in the U.S., and consequently, Canadian mortgage lenders have a vested interest in ensuring that their mortgage borrowers are creditworthy and not likely to default; • Only 0.3 % of Canadian mortgages are in arrears versus 4.5 % in the U.S. and what even before the start of the U.S. housing meltdown two years ago was 2 %; • Canadians tend to pay down their mortgage faster than in the U.S. where mortgage interest is deductible from taxes, which encourages U.S. homeowners to take equity out of their homes to finance other spending, a difference that is reflected in the fact that in Canada mortgage debt accounts for just over 30 % of the value of homes, compared with 55 % in the U.S.

The compounded interest surmounts to a much greater amount than the original mortgage, and paying off your mortgage early means less worry and less debt.

By consolidating your debts together, you have one new monthly payment that could potentially be lower than your original monthly payments.

Because the total amount you pay back during the IVA is likely to be significantly less than the original amount of debt you had, you'll sometimes see the IVA described as free to the consumer.

One of the fastest debt resolution options is called debt negotiation, which aims to settle your debt for less than the original balances owed.

The interest you pay can end up being more than twice your original debt!

Refinancing involves repaying an older debt by taking on a new loan with different terms than your original loan.

If that's not possible, your next best bet is to shift again before the intro deal ends — or even back to the original card you shifted the debt from, if that's cheaper than the go - to rate on the balance transfer card.

Unless their parents stepped in or they found out some other way, the other half missed out on the critical lesson that when you borrow money, you have to pay back more than the original amount and that you have to be able to earn enough money for basic living expenses plus enough to pay back the debt.

It's better to deal directly with the original creditor than to have your debt sold to a collection agency.

This means you will be stuck in debt and be paying more in interest to the bank than for the original purchase.

Furthermore, with private lenders, borrowers often have the flexibility to exclude select low - interest portions of their student loan debt from the refinance package if the original rate is more favorable than the rate being offered.

While it's always better to settle your debts with your original creditor, rather than allow a collections agency to step in, it still may not be as bad as you think.

An OIC is one lump sum payment that is going to be for a lower amount than your original tax debt.

By proposing a settlement, you can pay off the debt quickly, usually for less than the original amount.

When you consider that the total payout including professional fees will still be far less than your original balances, it makes more sense for the average person to obtain debt settlement help.

After being enticed by these companies promises to reduce debt, consumers too often end up owing more than their original credit card debt.

Considering that the final total of one's education usually tends to be more than the original estimation, getting as much aid upfront is an important way limit your loans and help you eradicate your student debt as quickly as possible after graduation.

If you're being contacted by more than one debt collection agency at the same time it's best to contact the original creditor to explain what's happening.

The new formula ignores small collection accounts in which the original debt was less than $ 100.

In the spirit of Cooper's beliefs, the original Cooper Union charter stated that the trustees should never mortgage the property or go into debt for more than $ 5,000 a year (except in anticipation of rents and revenues), and that they would be held personally liable for any deficit.

However, there are options available for paying down mortgage debt more quickly than the original amortization period chosen.