Sentences with phrase «to default in payments»

The implication of no collateral which can serve as security to the lenders is that, if the borrowers default in payment, the lenders stand the risk of losing his money.

If there is default in the payment of support under the contract or agreement at the time the application is made.

After graduating, she couldn't find a job and immediately defaulted in her payments on all of her loans.

(g) permitting a lessee under a lease that the lessor has terminated for default in payments required under the lease to re-instate the lease, subject to any regulation made under clause (i), provided that the specified conditions, if any, are met;

On the other hand, if your credit score is just average, you may be considered as somebody who may likely default in your payments.

That, despite anything done, omitted or permitted by the transferor, the lease or grant creating the term or estate for which the land is transferred is, at the time the transfer is given, a valid lease or grant of the property conveyed, in full force, unforfeited and unsurrendered, and that there is no subsisting default in the payment of the rents reserved by or in the performance of the covenants, conditions and agreements contained in the lease or grant at the time the transfer is given.

The bloc is currently facing a cash crunch which has crippled many of its organs, which are currently in default in payment of staff salaries.

Down payment gives the seller some level of confidence that the buyer will not default in payments.

According to the group, it was surprising that Ghana had embraced the move to fine or jail persons who default in the payment of...

For example, if the company has a really good patent, they could use the patent to guarantee the bond — promising the patent to the bondholders should the company default in its payments.

If you merely defaulted in some payments and compensated for them later, you have better chances than people who filed for bankruptcy or have several bad debts to your name.

What remains to be seen is whether court staff will be adept at spotting default in payment with the time for payment being much nearer to the wire.

While the application of the RPLA is relatively straightforward with respect to the enforcement of certain registered interests (such as condominium liens), it is not as straightforward when dealing with liens arising under certain agreements registered on title, for default in payments owing under such agreements (which liens are not specifically registered on title to the affected property).

Ever since 2008, more and more cross border disputes I was instructed on were debt collection cases, and most of them were, not just some simple default in payments, but resulted from the financial crisis the whole world was facing, which made such disputes a lot more complicated than they should have been.

Default in Payment Unsatisfied Judgment: failure to make payments agreed upon after a judgment

If the borrower defaults in the payment of the debt, the trustee may sell the property without legal proceedings.

This means that they need to be careful so that they don't lend money to people who will likely default in payment.

i. That, despite anything done, omitted or permitted by the chargor, the lease or grant creating the term or estate for which the land is held is, at the time the charge is given, a valid lease or grant of the land charged, in full force, unforfeited and unsurrendered, and that there is no subsisting default in the payment of the rents reserved by or in the performance of the covenants, conditions and agreements contained in the lease or grant at the time the charge is given.

Creditors secured by a car or truck can usually repossess the vehicle without notice to you anytime you are in default in your payments.

If the borrower defaults in the payment of the debt, the trustee may sell the property without legal proceedings.

The essence of the collateral is that, in case you default in payment, the lender will keep your deposit to pay off your card balance.

The reason is that, people with bad credit are considered risky as there is tendency for them to default in payments.

Now, the bank is demanding their money and witch hunting these two Constituency Executives because they have defaulted in payment of the loan as a result of the demand of Hon. Cheremeh.

Defaulting in payment of the fine by the panellists and host will see them serving an additional one month in gaol.

Instead of defaulting in the payment of your student loans, there are actually certain steps you can take to prevent the situation.

Lenders require collateral before granting a loan because it gives them something to hold on to if you default in payment.

Personally, you may not have the mind to default in payment but if the means to pay is not there, you will default at the end of the day.

When you default in payment, the lender may increase your APR to penalty APR..

In case of any default in payment, the person will be held responsible for the full payment of the loan balance.

Ideally when the interest rate is high on the current credit card one holds, at times the monthly payments may extend or the amount that is paid is high, which at times consumers are not able to keep pace with and tend to default in their payments, leading to a dip in their credit scores and a negative...

Defaulting in payment of your student loans will not help you in any way.

People with history of defaults in payment may have their credit score adversely affected.

If the Wisconsin Consumer Act applies to the loan, the creditor can not repossess without a default in payments.

Having a lot of debts is an indication that you may find it difficult to meet your obligations and this may result to defaults in payment.

Default in payment may result to the foreclosure of the property.

Of course, no financial institution will like to lend money to people that have tendency to default in payments.

But supposing the plan did not work out, this may lead to default in payments.

On the other hand, default in payment may result to loss to the card issuer.

The only events that can trigger a foreclosure in Minnesota are default in payments, failure to pay property taxes or insurance, or damage by the owner to the value of the property.

The mortgage company can only foreclose if there is a default in payments, a failure to pay property taxes, a failure to maintain insurance, or if the borrower / debtor is damaging the property intentionally or recklessly.

The probability that someone with bad credit will default in payments is higher than those people with excellent credit score.

Just like a first mortgage, second mortgages can only be foreclosed if there is a default in payment.

This means that if you default in payment, the lender may find it difficult to get his money back.

If, however, he defaults in the payment of the debt, the trustee may sell the property at a public sale, under the terms of the deed of trust.

Rehabilitation is only once: If you default in your payment the second time, you will not be able to rehabilitate the student loan the second time.