Sentences with phrase «worth of unsecured debt»

We recommend that a consumer with $ 10,000 + worth of unsecured debt, use professional debt relief services.

Doug Hoyes: So, in a real simple scenario then, the typical person we're dealing with is going to have 40, 50, $ 60,000 worth of unsecured debt.

And we know from our statistics that the average homeowner has over $ 70,000 worth of unsecured debt, credit cards, bank loans, taxes and so on.

Not exact matches

But cash - out refinancing also has one major downfall: By binding your unsecured debts to your home, you've compromised your home's equity and have a higher risk of going «underwater» — having a house that is worth less than you owe the bank.

So for example, if you were able to offer your creditors # 100 in total each month and you had three unsecured debts, Creditor A - # 5,000, Creditor B - # 2,500 and Creditor C - # 2,500, then # 50 would go to Creditor A (because # 50 is half of your monthly repayment and Creditor A is worth half of your total debt), # 25 to Creditor B and # 25 to Creditor C.

However, certain kinds of loans, both secured and unsecured, are considered «good debt» if they help you generate income and increases your net worth.

Under the new plan, unsecured creditors will own approximately 32.5 % of the company; however, the Monitor believes that the company will be worth more because there is less debt, thus increasing the notional value of the unsecured creditors» share of the company.