Sentences with phrase «unpaid debt amount»

The IRS (Internal Revenue Service) considers any unpaid debt amount as the debtor's income.

When there is a secured debt against your asset, the equity is the value of the asset after your unpaid debt amount is deducted.

Not exact matches

Under the plan, as described by the D.C. - based broker - dealer Height Securities LLC, Puerto Rico will hold off some payment to these creditors, meaning the unpaid amount comes to about $ 270 million in GDB debt.

The principal amount of the debt securities and any accrued but unpaid interest generally is due at the maturity date.

While this period gives debtors a sufficient amount of time to straighten out their finances, it can also be a time when the debt, if left unpaid, rapidly accrues interest.

The amount of your unpaid debts, by itself, may jeopardize your clearance, even if you don't file bankruptcy.

While this period gives debtors a sufficient amount of time to straighten out their finances, it can also be a time when the debt, if left unpaid, rapidly accrues interest.

Even if you make a partial payment, the unpaid amount is considered tax debt, and if it's high enough, filers will seek help from tax debt relief companies.

After the 120 payments have been made (which takes about 10 years to complete), all of your unpaid debt will be forgiven — no matter how much amount remains.

And if such indifference to the collection amount weren't bad enough news for consumers with small or relatively small collections, the scores generated from FICO 8 and older models pay no attention whatsoever to whether the collection debt has been paid or left unpaid.

The large amounts of unpaid balances push down their credit score and boost their debt - to - income ratio.

But if you have bad credit and large amounts of unpaid debt, the reality of your financial situation is hard to escape.

This debt continues to grow, because the unpaid amount is carried over and interest will add up quickly.

For a single debt, this amount equals the number of days in the period that unpaid interest has accrued divided by 365, times the annual interest rate, times the outstanding loan amount.

With the total amount of unpaid student debt approaching $ 1.3 trillion and a consumer - driven economy, it is surprising that America's economic growth numbers aren't worse than they currently are.

At any point in time, the outstanding debt consists of the unpaid principal amount plus any accrued interest that has not been paid.

Another consequence of having large amounts of unpaid debt is that your credit score is likely much lower than you would like.

Federal student loan repayment scams are everywhere lately; it's no surprise, considering the high amount of unpaid debt that Americans are carrying and trying to pay for.

Interest is charged on outstanding amounts such as unpaid tax debts and shortfall amounts, but we can generally remit (reduce or cancel) interest charges where it is fair and reasonable in the circumstances.

We charge interest on unpaid tax debts and shortfall amounts.

The amount of credit life insurance under an open - end credit plan shall not exceed the approximate unpaid balance of the debt from time to time.

A contract for a consumer credit transaction with an original amount financed exceeding three hundred dollars ($ 300) may provide for the payment by the debtor of reasonable attorney's fees not exceeding 15 percent of the unpaid debt after default and referral of the contract to an attorney who is not a salaried employee of the creditor.

If the consumer credit transaction is scheduled to be repaid in substantially equal installments which include a portion of the amount financed, the amount of credit life insurance at any time shall not exceed the greater of the approximate unpaid balance of the debt, excluding unearned finance charges, if any, or the approximate unpaid scheduled balance of the debt, excluding unearned finance charges, if any, plus the amount of one scheduled payment.

This unpaid amount was purposely done to maintain an installment form of debt which credit bureaus consider in giving a high score.

The Treasury withholds benefits of 3.1 million Social Security recipients to recover defaulted student, farm and small - business loans, unpaid income taxes, amounts veterans owe for health care, and other debts to the government.

If they don't make the payments, you are liable for the entire unpaid amount owing on the debt.

If your payment plan is structured to only satisfy 20 % of your outstanding debt over the 3 - 5 years, any amount left unpaid is forgiven, tax free, forever.

If the insurance company views your credit report at that point, it may be able to determine how desperately you need cash by viewing debt amounts and any unpaid bills.

Where all or any part of the account remains unpaid, interest may be charged on the unpaid amount of the account (including any disbursements and VAT) relating to non-contentious work in accordance with The Solicitors» (Non-Contentious Business) Remuneration Order 2009 after the expiry of one month from delivery of this account, or from the date stipulated in Article 5 of the 2009 Order at a rate not exceeding the rate for the time being payable on judgment debts.

«They're concerned not that it's unpaid but that they're entering the stream with a significant amount of debt and the way it's currently set up they don't find out about remuneration until several months into the program when they're already committed,» says Judson.

The document, which indicated that the federal agency was suing the worker for an unpaid debt and disclosed the amount, remained there, open for all to see.

If you were to pass away, your loved ones would be responsible for all of your unpaid expenses and debts, which can put them under a massive amount of bills.

Filing for Chapter 7 bankruptcy can work in your favor if you have a significant amount of unsecured debt, like credit card debt, unpaid medical bills, personal loans or business debts.

It's the best way to ensure that you don't leave your loved ones with a massive amount of debt and unpaid expenses.

If something tragic were to happen to you, and you didn't have life insurance coverage, your loved ones would be left with a massive amount of debt and unpaid expenses.

Many policy beneficiaries use the benefit amount to help pay for unforeseen costs such as funeral and burial expenses, unpaid medical bills, co-signed credit card debt, and other financials burdens.

Likewise, if there is no other life insurance in place, or if the amount of life insurance that you currently have is not enough, you may want to consider the amount of unpaid debt you have that could end up being the responsibility of your loved ones.

payments for debts in your name such as credit card debt, auto loans, college loans, and business loans future costs of your family's everyday life, such as the expense of child care, education, clothing, food, transportation, and utility bills remaining amount of your mortgage and other unpaid loans Add these up - the total represents your family's needs.

Therefore, if the beneficiary is counting on a certain amount of funds for paying final expenses, estate taxes, or any other type of debt with the life insurance proceeds, it is essential that either the loan or withdrawal be paid back, or the beneficiary be made aware of the unpaid balance.

It provides them an amount in a lump sum or in installments to take care of their finances or to pay for your unpaid bank loans or debts.

You should make sure that the total amount of a whole life insurance policy is sufficient to pay for funeral expenses and any unpaid debts that are left behind.

Not having a large enough plan could leave your family with a massive amount of debt and unpaid expenses.

If you were to pass away, your loved ones would be left with a massive amount of debt and unpaid expenses.

It also comes at a time when the bitcoin market has seen a significant decline recently, which leads to the banking group's concern of amounting unpaid debt.

A deficiency judgment is a judgment obtained by the lender in court against the borrower for the difference between the unpaid balance of the secured debt and the amount produced by sale or the fair market value of the security, whichever is greater, in a judicial foreclosure.

Conversely, in a refinance with cash provided, the consumer refinances an existing mortgage obligation and receives money from the transaction that is in addition to the funds used to pay the unpaid principal balance, any earned unpaid finance charge on the existing debt, and amounts attributed solely to the costs of the refinancing.