Sentences with phrase «then makes the payments to the creditors»

Chapter 13 bankruptcy can reorganize your debt and the individual makes payments to a Chapter 13 trustee, who then makes the payments to the creditors on your behalf, for a settled amount of money, over a period of 3 - 5 years.

Not exact matches

You will make payments each month to your counselor who will then disburse the payments among your creditors.

You are required to make one monthly payment to your credit counselor, who then distributes the funds to your creditors on your behalf.

With a debt management plan, you make a single monthly payment to your counseling agency, which then distributes monthly amounts to your creditors.

He or she makes a payment to a bankruptcy trustee who then pays the creditors.

Then, you make monthly payments into an escrow account that eventually goes to your creditor.

If you've missed payments with a creditor in the past, they will report this to credit bureaus, which will then make a note of it on your record.

He will then negotiate with your creditors to reduce the interest rate on your outstanding debt so that you can afford to make the minimum monthly payments and get out of debt.

Thus, if a debtor's state prevents a debt from being legally enforceable after four years and the debtor makes a payment after three years, the creditor may have the right to sue the individual for seven years rather then merely four.

Those who enroll make monthly deposits with a credit counseling organization, which then is used to pay the debts according to a predetermined payment schedule developed by the counselor and creditors.

Creditors most likely want this money in full, so then you would need to have it on hand before you could make the settlement payment.

You make one monthly payment to the consumer credit counseling company, and the company then dispurses the funds to each of your creditors but at a reduced interest rate.

What representatives do is that they offer a lump - sum payment to creditors for less than what you owe and then they intentionally make you delinquent on your debts in order to have leverage.

Once you understand your ability to make monthly payments to your creditors you can then set up a debt reduction plan.

If a person has a good payment history with a creditor, and then makes a late payment, the creditor may agree to re-age the account.

Once protected by the Orderly Payment of Debts program, a client will make regular monthly payments directly to Money Mentors, which is then disbursed to the client's creditors on a pro-rated basis.

Therefore, you need to make a single monthly payment to the consolidation company, which will then divide and distribute the payment amongst your creditors and collection agencies.

Then you make the payments to the debt settlement company, which pays your creditors until all of the covered debts are paid.

You will make payments each month to your counselor who will then disburse the payments among your creditors.

If there's a good reason why you've been unable to make your payments then your Insolvency Practitioner (IP) can talk to your creditors and renegotiate your monthly payments to get you back on track.

If your IVA fails then your debts will be reinstated less any payments received by the creditors (this is the sum total of payments you've made up to that point less any fees your creditors have agreed to give your IP).

A person is then responsible for making one monthly payment to the credit counseling company, and the company deals with paying their client's creditors.

If the settlement firm made any payments to your creditors, then settlement negotiations would be severely hindered.

You are required to make one monthly payment to your credit counselor, who then distributes the funds to your creditors on your behalf.

With a Debt Management Plan (DMP), you make one monthly payment to a counseling agency, which then disburses payments to your creditors.

We then make payments to your individual creditors on your behalf, helping to simplify your finances and making it easier to keep up with your monthly payment.

Whatever the reason for your bad credit history, the first step toward repairing it is applying for a card made especially for your situation and then, if approved, making timely payments and keeping account balances low relative to the credit limit with all your creditors.

If the last time you've made a late payment was more than six months ago and you've been paying on time since then, the creditor may be open to remove the late payment, allowing your score to boost quickly.

As an added perk, you make one payment to your consolidation service, which then distributes the money among your creditors.

These services ask you to make one monthly payment, which then is used to pay creditors.

The late fees were higher than the minimum payment which made it even worse, so I effectively gave up and let them go to «charge - off» then «collections» now back to only the original creditor as a «charge - off / sold to another lender».

This will allow you to make one single payment which will then be distributed amongst your creditors.

The creditors weren't accepting the payment yet so, we had to wait a bit to make the account age a little, and then, we can make a payment.

The idea is to track your creditors, list the balances due, see the interest rates on your debt, make your monthly payments, and then target one debt using an amount you have available for extra payments.

If you can get a good hike, then you can easily make extra payments to your creditors every month.

If the majority of your creditors accept the proposal, it is legally binding on all creditors and you make a monthly payment which is collected by your Trustee and then paid to your creditors, generally on an annual basis.

The consumer credit counseling company will then distribute the multiple monthly payments to each of your creditors, with the new reduced interest rate, making it easy for a person to manage their debts.

Once the creditors agree to reduce your interest rates, you then make one payment each month.

You make one payment each month into your trust account, when enough money accumulates to pay your creditor at the reduced amount, you must then authorize the payment and each creditor gets paid off one by one.

Then call each creditor and tell them that you've been struggling to make the minimum monthly payments on your accounts, but that you are trying to do the right thing and pay off your debts.

«You then stop paying your creditors and instead start making monthly payments to your debt settlement company, usually through a special bank account,» Zimmerman says.

Then, instead of making regular payments to multiple creditors and juggling bills and fees, you'll make one regular payment to a court - appointed trustee.

During this time you'll make one monthly payment to a trustee who will then deal with your creditors.