This website uses cookies to ensure you get the best experience. Learn more

creditor

creditor

creditor Sentence Examples

  • When a debtor tenders the amount due to his creditor and the creditor refuses to accept, the debt is not discharged, but if the debtor is subsequently sued for the debt and continues willing and ready to pay, and pays the amount tendered into court, he can recover his costs in the action.

    158
    59
  • If a debtor had neither money nor crop, the creditor must not refuse goods.

    142
    52
  • The debtor could also pledge his property, and in contracts often pledged a field, house or crop. The Code enacted, however, that the debtor should always take the crop himself and pay the creditor from it.

    51
    31
  • Distraint on a debtor's corn was forbidden by the Code; not only must the creditor give it back, but his illegal action forfeited his claim altogether.

    40
    22
  • The creditor could only hold a wife or child three years as mancipium.

    40
    27
  • The creditor could only hold a wife or child three years as mancipium.

    39
    26
  • The creditor has the right of claiming the aid of the law against the defaulting municipality; and the amounts, the terms, and the time of duration of local debt are supervised in order to prevent injustice to particular persons or improvidence with regard to the revenue and property of the local units.

    38
    21
  • Creditor and debtor have also lost their Roman law signification; they have been narrowed to mean the parties where the obligation is the payment of a sum of money.

    32
    21
  • The debtor and creditor account of the state from 1864 to 1875 showed receipts amounting to 148,215,000.

    32
    25
  • 3522 of the Louisiana civil code obligor or debtor means the person who has engaged to perform some obligation, obligee or creditor the person in favour of whom some obligation is contracted, whether such obligation be to pay money or to do or not to do something.

    29
    14
  • An isolated use of the word " catholic " as a secular legal term survives in Scots law; a catholic creditor is one whose debt is secured over several or over all of the subjects belonging to the debtor.

    24
    20
  • An isolated use of the word " catholic " as a secular legal term survives in Scots law; a catholic creditor is one whose debt is secured over several or over all of the subjects belonging to the debtor.

    24
    20
  • A creditor could hold his insolvent debtor as a slave, or sell him out of the city (trans Tiberim).

    23
    25
  • After an interval of ten days more, the creditor entered with his law agent, two witnesses and four horses, went farther in upon the land, repeated his demand, and if refused withdrew.

    18
    12
  • Where a debtor has committed any act of bankruptcy a creditor or creditors whose aggregate claims are not less than £50 may proceed against him in bankruptcy.

    18
    17
  • A creditor is not bound to give change to the debtor, whose duty it is to make tender in lawful money the whole amount due, or more, without asking for change.

    17
    16
  • Payment by a third person to the creditor is no discharge of a debt, as a general rule, unless the debtor subsequently ratifies the payment.

    17
    18
  • Or, when one person is compelled by law to discharge the legal liabilities of another, he becomes the creditor of the person for the money so paid.

    17
    21
  • The creditor may demand the arazi-memuru to proceed to a forced sale, but the arazi-memuru is not obliged to comply with that demand; no forced sale may take place after the decease of the debtor.

    16
    16
  • In 495 he was consul, and his cruel enforcement of the laws of debtor and creditor, in opposition to his milder colleague, P. Servilius Priscus, was one of the chief causes of the "secession" of the plebs to the Sacred Mount.

    16
    18
  • It is the duty of a debtor to pay a debt without waiting for any demand, and, unless there is a place fixed on either by custom or agreement, he must seek out his creditor for the purpose of paying him unless he is "beyond the seas."

    15
    16
  • He was now enabled to carry a philanthropic measure, of which from his first entry into the House of Lords he had been a great promoter, namely, the Debtor and Creditor Bill for relief of poor debtors.

    15
    18
  • A creditor fasting after a reasonable offer of settlement had been made to him forfeited his claim.

    12
    13
  • American law is in general agreement with English, except in the case of Louisiana, where the terms obligor and obligee are used in as wide a sense as the debitor and creditor of Roman law.

    12
    15
  • American law is in general agreement with English, except in the case of Louisiana, where the terms obligor and obligee are used in as wide a sense as the debitor and creditor of Roman law.

    12
    15
  • A creditor was not at liberty to seize household goods, farming utensils, or any goods the loss of which would prevent the debtor recovering from embarrassment, so long as there was other property which could be seized.

    11
    9
  • Obligatio was used to denote either end of the legal chain that bound the parties, the right of the party who could compel fulfilment of the obligatio, the creditor, or the duty of the party who could be compelled to fulfilment, the debitor.

    11
    14
  • This measure alone would, however, have been of little service had he not at the same time enacted that henceforth no loans could be made on the bodily security of the debtor, and the creditor was confined to a share of the property.

    9
    12
  • The property in the thing seized, to the amount of the debt and expenses, became legally transferred from the debtor to the creditor, not all at once but in stages fixed by law.

    8
    11
  • The property in the thing seized, to the amount of the debt and expenses, became legally transferred from the debtor to the creditor, not all at once but in stages fixed by law.

    8
    11
  • Freemen, through indigence, sometimes sold themselves, and at Athens, up to the time of Solon, an insolvent debtor became the slave of his creditor.

    1
    0
  • The insolvent debtor was withdrawn from the yoke of his creditor.

    1
    0
  • Debt settlement is a process of settling a debt with a creditor for less than owed, usually in one or a few payments.

    1
    0
  • If you don't have all of the money, you can try negotiating with the creditor.

    1
    0
  • If the mancipium died a natural death while in the creditor's possession no claim could lie against the latter; but if he was the cause of death by cruelty, he had to give son for son, or pay for a slave.

    1
    1
  • The whole property of the debtor might be pledged as security for the payment of the debt, without any of it coming into the enjoyment of the creditor.

    1
    1
  • He left no will, all his property having been previously assigned, and letters of administration were taken out by a creditor.

    0
    0
  • At this time prisons were primarily places of detention, not of punishment, peopled by accused persons, still innocent in the eyes of the law, and debtors guilty only of breaches of the financial rules of a commercial country, framed chiefly in the interest of the creditor.

    0
    0
  • The hired labourer suffers from the " truck " system, taking his pay in board and living, in goods, in trade on his employer's credit at the village store; the independent farmer suffers in his turn from unlimited credit at the same store, where he secures everything on the credit of his future crops; and if he is reduced to borrow money, he secures it by vesting the title to his property temporarily in his creditor.

    0
    0
  • The sovereignty of the state enables it to deal as it thinks best with the public creditor.

    0
    0
  • The following technical terms will indicate the procedure in distress with time: Aurfocre (= demand of payment, stating the amount in presence of witnesses); apad (= delay); athgabail (= the actual seizure); anad (= delay after seizure, the thing remaining in the debtor's possession); toxal (= the taking away of the thing seized); fast (= notice to the debtor of the amount due, the or pound in which the thing seized is impounded, and the name of the law agent); dithim (= delay during which the thing is in pound); lobad (= destruction or forfeiture of the debtor's ownership and substitution of the creditor's ownership).

    0
    0
  • assignee of the creditor.

    0
    0
  • concurrence of the preferential creditor concerned.

    0
    0
  • When the Inland Revenue is not the petitioning creditor, they should be contacted and consulted like any other creditor.

    0
    0
  • The cost of so doing should be deposited in the estate account once received from the requisitioning creditor.

    0
    0
  • A secured creditor may vote in respect of any unsecured portion of his debt.

    0
    0
  • creditor nations that is not a member of the Paris Club.

    0
    0
  • To the extent so charged, the judgment creditor has only the rights of an assignee of the member's interest.

    0
    0
  • He discussed the powers of the creditor to arrest and imprison a debtor.

    0
    0
  • A debt of over £ 750 must be undisputed and the creditor must have notified the debtor of its intent to collect the debt.

    0
    0
  • disincentives for future creditors designed to discourage a creditor attack.

    0
    0
  • There has also been an increase in commissions earned from selling creditor insurance at point of sale on personal loans.

    0
    0
  • judgment creditor has only the rights of an assignee of the member's interest.

    0
    0
  • Failure to maintain the administration order can result in court action by a creditor for a county court judgment or bankruptcy.

    0
    0
  • To attack a Nevis LLC interest, the creditor has to apply in a Nevis court for issuance of the charging lien.

    0
    0
  • Please note the Trustees reluctantly taken the decision to place RSI Assoication into creditor's voluntary liquidation.

    0
    0
  • This is opposed by several major creditor nations, notably Germany, Japan, Italy and the Club's newest member, Russia.

    0
    0
  • requisitioning creditor.

    0
    0
  • At law, they remain substantially unaccountable to any other creditor for the way in which a company's assets are dealt with.

    0
    0
  • In Deuteronomy this law is not repeated, but a fixed seven years' period is ordained for the benefit of poor debtors, apparently in the sense that in the seventh year no interest is to be exacted by the creditor from a Hebrew, or that no proceedings are to be taken against the debtor in that year (Deut.

    0
    0
  • Or, when one person is compelled by law to discharge the legal liabilities of another, he becomes the creditor of the person for the money so paid.

    0
    0
  • It is the duty of a debtor to pay a debt without waiting for any demand, and, unless there is a place fixed on either by custom or agreement, he must seek out his creditor for the purpose of paying him unless he is "beyond the seas."

    0
    0
  • Payment by a third person to the creditor is no discharge of a debt, as a general rule, unless the debtor subsequently ratifies the payment.

    0
    0
  • When a debtor tenders the amount due to his creditor and the creditor refuses to accept, the debt is not discharged, but if the debtor is subsequently sued for the debt and continues willing and ready to pay, and pays the amount tendered into court, he can recover his costs in the action.

    0
    0
  • A creditor is not bound to give change to the debtor, whose duty it is to make tender in lawful money the whole amount due, or more, without asking for change.

    0
    0
  • (See PAYMENT.) A debtor takes the risk if he makes payment through the post, unless the creditor has requested or authorized that mode of VII.

    0
    0
  • Where the debt does not exceed £ioo the simplest procedure for its recovery is that of the county court, but if the debt exceeds £ioo the creditor must proceed in the high court, unless the cause of action has arisen within the jurisdiction of certain inferior courts, such as the mayor's court of London, the Liverpool court of passage, &c. When judgment has been obtained it may be enforced either by process (under certain conditions) against the person of the debtor, by an execution against the debtor's property, or, with the assistance of the court, by attaching any debt owed to the debtor by a third person.

    0
    0
  • Where a debtor has committed any act of bankruptcy a creditor or creditors whose aggregate claims are not less than £50 may proceed against him in bankruptcy.

    0
    0
  • Where the debtor is a company or corporation registered under the companies acts, the creditor may petition to have it wound up. (See COMPANY.) Imprisonment for debt, the evils of which have been so graphically described by Dickens, was abolished in England by the Debtors Act 1869, except in cases of default of payment of penalties, default by trustees or solicitors and certain other cases.

    0
    0
  • If a debtor had neither money nor crop, the creditor must not refuse goods.

    0
    0
  • Distraint on a debtor's corn was forbidden by the Code; not only must the creditor give it back, but his illegal action forfeited his claim altogether.

    0
    0
  • If the mancipium died a natural death while in the creditor's possession no claim could lie against the latter; but if he was the cause of death by cruelty, he had to give son for son, or pay for a slave.

    0
    0
  • The debtor could also pledge his property, and in contracts often pledged a field, house or crop. The Code enacted, however, that the debtor should always take the crop himself and pay the creditor from it.

    0
    0
  • The whole property of the debtor might be pledged as security for the payment of the debt, without any of it coming into the enjoyment of the creditor.

    0
    0
  • A curious extension of the talio is the death of creditor's son for his father's having caused the death of debtor's son as mancipium; of builder's son for his father's causing the death of house-owner's son by building the house badly; the death of a man's daughter because her father caused the death of another man's daughter.

    0
    0
  • If the mancipium died a natural death under the creditor's hand, the creditor was scot free.

    0
    0
  • Freemen, through indigence, sometimes sold themselves, and at Athens, up to the time of Solon, an insolvent debtor became the slave of his creditor.

    0
    0
  • A creditor could hold his insolvent debtor as a slave, or sell him out of the city (trans Tiberim).

    0
    0
  • The Poetelian law (326 B.C.) restricted the creditor's lien (by virtue of a nexum) to the goods of his debtor, and enacted that for the future no debtor should be put in chains; but we hear of debtors addicti to their creditors by the tribunals long after - even in the time of the Punic Wars.

    0
    0
  • The insolvent debtor was withdrawn from the yoke of his creditor.

    0
    0
  • If the creditor did not care to purchase land, it was supposed that he could obtain the face-value for them from those who desired land.

    0
    0
  • The creditor may demand the arazi-memuru to proceed to a forced sale, but the arazi-memuru is not obliged to comply with that demand; no forced sale may take place after the decease of the debtor.

    0
    0
  • By three several protocols signed in May 1903 this question was agreed to be submitted to the Hague court, three members of which were to be named as arbitrators by the tsar of Russia, but no arbitrator was to be a subject or citizen of any of the signatory or creditor powers.

    0
    0
  • The law forbade the creditor to retain it over-night as a pledge (Ex.

    0
    0
  • He left no will, all his property having been previously assigned, and letters of administration were taken out by a creditor.

    0
    0
  • In 495 he was consul, and his cruel enforcement of the laws of debtor and creditor, in opposition to his milder colleague, P. Servilius Priscus, was one of the chief causes of the "secession" of the plebs to the Sacred Mount.

    0
    0
  • He was now enabled to carry a philanthropic measure, of which from his first entry into the House of Lords he had been a great promoter, namely, the Debtor and Creditor Bill for relief of poor debtors.

    0
    0
  • The debtor and creditor account of the state from 1864 to 1875 showed receipts amounting to 148,215,000.

    0
    0
  • At this time prisons were primarily places of detention, not of punishment, peopled by accused persons, still innocent in the eyes of the law, and debtors guilty only of breaches of the financial rules of a commercial country, framed chiefly in the interest of the creditor.

    0
    0
  • The hired labourer suffers from the " truck " system, taking his pay in board and living, in goods, in trade on his employer's credit at the village store; the independent farmer suffers in his turn from unlimited credit at the same store, where he secures everything on the credit of his future crops; and if he is reduced to borrow money, he secures it by vesting the title to his property temporarily in his creditor.

    0
    0
  • The sovereignty of the state enables it to deal as it thinks best with the public creditor.

    0
    0
  • The creditor has the right of claiming the aid of the law against the defaulting municipality; and the amounts, the terms, and the time of duration of local debt are supervised in order to prevent injustice to particular persons or improvidence with regard to the revenue and property of the local units.

    0
    0
  • This measure alone would, however, have been of little service had he not at the same time enacted that henceforth no loans could be made on the bodily security of the debtor, and the creditor was confined to a share of the property.

    0
    0
  • Obligatio was used to denote either end of the legal chain that bound the parties, the right of the party who could compel fulfilment of the obligatio, the creditor, or the duty of the party who could be compelled to fulfilment, the debitor.

    0
    0
  • Creditor and debtor have also lost their Roman law signification; they have been narrowed to mean the parties where the obligation is the payment of a sum of money.

    0
    0
  • 3522 of the Louisiana civil code obligor or debtor means the person who has engaged to perform some obligation, obligee or creditor the person in favour of whom some obligation is contracted, whether such obligation be to pay money or to do or not to do something.

    0
    0
  • After an interval of ten days more, the creditor entered with his law agent, two witnesses and four horses, went farther in upon the land, repeated his demand, and if refused withdrew.

    0
    0
  • The following technical terms will indicate the procedure in distress with time: Aurfocre (= demand of payment, stating the amount in presence of witnesses); apad (= delay); athgabail (= the actual seizure); anad (= delay after seizure, the thing remaining in the debtor's possession); toxal (= the taking away of the thing seized); fast (= notice to the debtor of the amount due, the or pound in which the thing seized is impounded, and the name of the law agent); dithim (= delay during which the thing is in pound); lobad (= destruction or forfeiture of the debtor's ownership and substitution of the creditor's ownership).

    0
    0
  • A creditor was not at liberty to seize household goods, farming utensils, or any goods the loss of which would prevent the debtor recovering from embarrassment, so long as there was other property which could be seized.

    0
    0
  • A creditor fasting after a reasonable offer of settlement had been made to him forfeited his claim.

    0
    0
  • The alternative for a creditor is to instruct sheriff officers to serve these notices.

    0
    0
  • The creditor used a ' father and son ' role to convince people of his slanderous lies about Jim.

    0
    0
  • At law, they remain substantially unaccountable to any other creditor for the way in which a company 's assets are dealt with.

    0
    0
  • If that creditor cannot provide sufficient evidence to verify the claims are accurate, the credit bureau will automatically remove the information from your credit report.

    0
    0
  • In this method, you will pay less than what you owe, after coming to an agreement with the creditor.

    0
    0
  • If the creditor agrees to the settlement, you pay the settlement amount only and the creditor accepts this as paid in full.

    0
    0
  • A charge off occurs when a creditor records your debt as a loss.

    0
    0
  • In some cases, the charge off will also signal that the company has sold the debt to another creditor or collection agency who will likely pursue you for the debt.

    0
    0
  • To do so, they negotiate directly with creditors, explaining that the total amount they owed cannot be paid and determining the minimum amount the creditor will accept.

    0
    0
  • It is not always allowable to settle a debt like this, since the creditor must agree to the transaction.

    0
    0
  • In many cases, this will only occur if the creditor believes you will be unable to pay more of the debt or you may be likely to file bankruptcy instead.

    0
    0
  • Since the debtor is not paying the total amount agreed upon originally to the creditor, this reflects negatively on a credit report.

    0
    0
  • If the creditor agrees to a reduced payment to close the account, the creditor cannot legally pursue you for full payment.

    0
    0
  • Dealing with a collection agency can be a stressful situation, but sometimes a creditor has no choice but to employ the use of collectors.

    0
    0
  • Once a collection agency or attorney receives the letter, they may not contact the consumer again except to indicate that a creditor intends to take some specific action on the overdue account.

    0
    0
  • You will get the best results if you remain cordial and actively attempt to work out a solution that is best for both you and the creditor.

    0
    0
  • You will receive a form from your creditor detailing the amount of settled debt that will be included as income on your annual taxes.

    0
    0
  • But they can report your lack of payment to the originating creditor, who then can take legal action to seize assets or garnish wages.

    0
    0
  • Though its credit scoring methodologies aren't significantly different from those of the other credit reporting agencies, Equifax credit reports arrange creditor information differently.

    0
    0
  • But, most negotiation companies do require the creditor report to the major credit reporting agencies that the debt was "paid in full", which helps improve your credit rating as you pay off debt.

    0
    0
  • If you must contact a creditor via the telephome, keep track of the name of the agent you spoke with and the time.

    0
    0
  • Never expect a creditor to keep "their word" unless you have it in writing.

    0
    0
  • Create a file where your store all of your records and communications with the creditor.

    0
    0
  • Send all of your correspondence to the creditor in writing via registered or receipt requested mail.

    0
    0
  • This way you can be assured that the letter was delivered and received by the creditor.

    0
    0
  • Never let the creditor know you are trying to fix your credit to buy a home.

    0
    0
  • A creditor may push for higher payments if they think you have enough money to spend on a home, car or vacation.

    0
    0
  • You can usually find these options on your bill, but if you have any questions, you can always call your creditor directly.

    0
    0
  • The due date on your credit card is defined as the day in which your payment must be received by your creditor.

    0
    0
  • Also, late payments received by the creditor after the date payments are due are usually reported to the three major credit reporting agencies.

    0
    0
  • The first type of service allows you to pay bills online through a secure site regardless of whether the creditor accepts electronic payments.

    0
    0
  • If the creditor does not accept electronic payments online, Paytrust.com will issue a paper check.

    0
    0
  • Through Paytrust.com you can also see any bill online regardless of whether or not the creditor sends your bills electronically.

    0
    0
  • If the company lists it as "closed by creditor" instead, that could reflect poorly on your credit score - as if they were forced to close it rather than you wanted it canceled.

    0
    0
  • When this happens, the account is reported to credit bureaus as un-collectible and the creditor is then allowed to claim this on their tax returns as a loss.

    0
    0
  • If a creditor chooses to do this, you will be served a court summons.

    0
    0
  • Try calling the creditor if there is a chance you can resolve the problem without having to go to court.

    0
    0
  • The creditor can then request that a lien be placed against your paycheck and they can collect a reasonable amount from each paycheck until the debt is paid.

    0
    0
  • Don't promise a creditor that you will make a payment if you have no intention of doing so.

    0
    0
  • Reputable agencies either have or are willing to start relationships with virtually every creditor.

    0
    0
  • If the creditor won't negotiate, politely decline and wait a few weeks; odds are they will send you a letter with a better settlement offer.

    0
    0
  • The review or collection of an account by a creditor.

    0
    0
  • If you believe the information contained in your credit report is inaccurate or erroneous you have the right to file a dispute with the creditor and the credit-reporting agencies.

    0
    0
  • The creditor and the credit reporting agencies are obligated under the FCRA to investigate your disputed claim.

    0
    0
  • Get credit counseling - Most credit counseling agencies receive funding from creditors, meaning they are working for the creditor, not for you.

    0
    0
  • This leniency on the creditor's part isn't all from the goodness of its heart though.

    0
    0
  • This system requires creditor's to confirm the identity of any individual applying for credit if that individual has placed a fraud alert in their credit files.

    0
    0
  • Make no mistake about it; if you legitimately owe money to a creditor, no amount of badgering from a credit repair company is going to make the debt disappear from your credit report permanently.

    0
    0
  • Fix bad credit report repair specialists come into the picture when you're either uncomfortable seeking battle with giant, faceless corporations, or you're simply in too deep to successfully negotiate deals with every creditor.

    0
    0
  • Faster Payoff: Because of the lower interest rates and sometimes the reduction of the amount of debt owed to the creditor, some Christian debt companies are able to reduce the amount of time it takes to pay off the debt in total.

    0
    0
  • Consolidate your bills - You may want to move all of your high-rate debt to a new creditor if you can get a much lower interest rate.

    0
    0
  • Sometimes a lawyer will advise a client to send such a letter in response to a letter from a creditor.

    0
    0
  • A debt settlement letter provides the creditor with an opportunity to settle a debt for less than owed.

    0
    0
  • These letters most often come directly from the creditor, or a collection agency working on behalf of the creditor, but may also originate from the debtor.

    0
    0
  • One type of debt settlement letter is the type sent by a creditor.

    0
    0
  • Whenever a borrower ignores requests from the creditor about the debt they owe, they show the lender they have no real intention of paying the debt.

    0
    0
  • This leads the creditor to try to settle the debt through a negotiated settlement payment.

    0
    0
  • Many times, this payment will be significantly less than the actual balance owed to the creditor.

    0
    0
  • Sold to Collection Agency: At some point, a creditor may sell delinquent accounts to a collection agency for a partial amount of the outstanding balance.

    0
    0
  • To receive some of the money owed, the creditor then issues a debt settlement letter to the debtor, trying to reclaim some of the money owed.

    0
    0
  • Avoid the mistake of waiting for the creditor to contact you.

    0
    0
  • Rather, contact your creditor as soon as you know you cannot make the minimum payment.

    0
    0
  • The creditor may or may not offer solutions to getting you caught up in payments.

    0
    0
  • Those who avoid contacting their creditors are likely to receive phone calls and pursued aggressively by collection agencies, attorneys and the creditor themselves.

    0
    0
  • Explain to the creditor what is happening with your financial situation.

    0
    0
  • If both you and the creditor agree upon the settlement, be sure to get this in writing.

    0
    0
  • Do negotiate the debt with the creditor.

    0
    0
  • If you debt is mostly interest and fees, rather than purchases, be sure to inform the creditor of this.

    0
    0
  • If you have made late payments or missed payments on your current credit, it may reflect badly on you in the eyes of a new creditor.

    0
    0
  • How much higher your interest rate will be depends on a few different factors, including the creditor you apply with and the severity of your bad credit.

    0
    0
  • The term bad credit can be a relatively broad term and can refer to someone with a horribly blemished credit history or to someone with a couple of late payments; it depends largely on the creditor's standards.

    0
    0
  • In addition to the debt management information available through the Chase website, this creditor also offers a program called Credit and Debt Management.

    0
    0
  • Chase offers the debt management help as a courtesy to customers; but, what if you are not comfortable with getting help from the very creditor to which you owe money?

    0
    0
  • If you have difficulty in managing your Chase credit card debt -or any other credit card debt for that matter- it is important to stay in contact with your creditor and to not ignore the problem.

    0
    0
  • When the statute of limitations is exceeded, this means that the credit card debt is simply too old for the creditor to sue in an attempt to collect payment.

    0
    0
  • The creditor initiates a lawsuit against the consumer for credit card debt that has exceeded the statute of limitations.

    0
    0
  • The creditor proceeds with the lawsuit, which the consumer never acknowledges or responds to.

    0
    0
  • The court awards the creditor with a win, never having received proof from the consumer that the debt is too old to go to court.

    0
    0
  • You can attempt to calculate debt settlement for a reasonable amount before contacting the creditor, but remember that this will ultimately be a negotiation between you and the creditor.

    0
    0
  • You want to pay as little as possible, the creditor wants you to pay as much as possible, and oftentimes the actual settlement amount lands somewhere in between the two amounts.

    0
    0
  • This allows borrowers to rid themselves of a debt obligation while also allowing the creditor or collection agency to receive more funds than they would if the debt went ignored or into bankruptcy.

    0
    0
  • Accepting debt settlements can be financially feasible for creditors and collection agencies, especially when the debt was purchased from the original creditor for pennies on the dollar.

    0
    0
  • Debt settlement is either initiated by the borrower or creditor.

    0
    0
  • A negotiation process may take place where an amount for the settlement is initially proposed by the borrower which is followed by a counteroffer by the creditor.

    0
    0
  • It is reasonable to assume that the initial amount proposed by the creditor is not the lowest they are willing to accept for the debt.

    0
    0
  • If you plan to approach a creditor and suggest a settlement, have an amount in mind already.

    0
    0
  • For example, if you owe $1000 to a creditor on a delinquent account, you can contact the creditor and propose a settlement amount of $400, which is 40 percent of $1000.

    0
    0
  • There is a good chance that the creditor will then propose a larger amount, and negotiations between you and the creditor will ensue.

    0
    0
  • This will protect you from the creditor later saying you still money.

    0
    0
  • If you truly need money ASAP -for example to pay a bill that is about to go to a collections agency- call the creditor and explain your financial trouble.

    0
    0
  • Call each creditor to see if you can have your interest rate reduced or have the payments reduced to a more affordable amount.

    0
    0
  • Cut your spending, increase your income if you can, and send that extra money to the creditor.

    0
    0
  • They will work with the debtor (the person who owes the debt) and the creditor (the company the debt is owed to) in order to find a working relationship that is beneficial for everyone involved.

    0
    0
  • Ask them to send proof of assignment from the original creditor if applicable.

    0
    0
  • If you decide to negotiate a settlement with a debt collector, make sure they are collecting for the original creditor.

    0
    0
  • Sometimes the creditor will take your offer so that it doesn't have to charge off your loan.

    0
    0
  • You can request that it not report the changes, but there are no guarantees unless you get a signed legal statement to that affect from the creditor.

    0
    0
  • If you find mistakes on your credit file, you'll want to send correspondence not only to the creditor involved but also to the credit bureau involved.

    0
    0
  • The creditor must verify your identity before extending credit to you.

    0
    0
  • During that time, any creditor who pulls a copy of your credit file will see the alert.

    0
    0
  • The creditor then may require additional documentation and proof that the person who requested the credit is actually you.

    0
    0
  • Any creditor who receives a request to extend credit in your name will see it.

    0
    0
  • Most likely, the creditor will contact you at a phone number you provide, although other forms of contact are also an option.

    0
    0
  • If someone claiming to be a creditor calls, hang up and call the company back using the number on the back of your card instead of using any given numbers from the caller.

    0
    0
  • Also contact the creditor that issued the account.

    0
    0
  • If you do find an error, contact the creditor right away and ask for proof of the transaction.

    0
    0
  • Sometimes it takes an attorney to get the attention of the creditor who is making the false claim.

    0
    0
  • For some people, all it took was a file mix-up on the part of a creditor or an instance of identity theft to wreck their good credit.

    0
    0
  • When a person with an otherwise flawless credit payment history suddenly starts receiving threatening letters from a creditor, it can be a jarring experience.

    0
    0
  • Consumers may be asked to pay off a debt that isn't really theirs, and despite their denials of responsibility, the creditor may keep aggressively pursuing payment.

    0
    0
  • In theory, the burden of proof that a person owes money to a creditor falls on the shoulders of the creditor.

    0
    0
  • Unless the creditor can prove that the consumer actually owes the money, the creditor is technically not in a position to demand payment.

    0
    0
  • These attorneys are well-versed in the laws of the state regarding pursuit of debt payments, and if the creditor has been acting outside the boundaries of the laws, then the attorney may suggest a lawsuit.

    0
    0
  • By law, when a dispute is filed, the item must be marked as disputed on the credit report temporarily while the creditor takes the time to research the validity of the reported information.

    0
    0
  • Problems can arise when the creditor verifies that the negative account history is valid and the items are restored to the credit report.

    0
    0
  • Once the fraud alert is in place, any potential creditor who pulls your credit file in order to extend your credit line or give you new credit will see the fraud alert.

    0
    0
  • The creditor is asked to take additional steps to prove you were the person who requested the new credit account.

    0
    0
  • If you don't want -or can't get- a secured card, other options are to get an affordable standard card with the help of a co-signer, who is someone who agrees to promise the creditor to be equally responsible for the debt if you don't pay.

    0
    0
  • Each creditor decides the FICO score for credit cards offered by their institution.

    0
    0
  • When you apply for a secured credit card, the creditor will require that you put down a deposit.

    0
    0
  • This deposit guarantees that the creditor will receive some of their money back should you default on the card.

    0
    0
  • Each month, the creditor will report your total debt and monthly payment to the credit bureaus.

    0
    0
  • Interest Rate - If you carry a balance on the secured card, the creditor will charge you interest.

    0
    0
  • Late Fee - If you miss a payment, the creditor will charge a late fee to your card.

    0
    0
  • If your spouse has been responsible for making those payments, you may want to ask the creditor to advise you if payments are not being made on time.

    0
    0
  • The divorce settlement may direct that one person is responsible for paying a particular debt, but if that individual does not pay it, the creditor can come after the other spouse for payment.

    0
    0
  • Get it in writing: Within five days of the debt collector contacting you, the collector must provide written verification of the name of the creditor, the amount of the debt and the steps you can take to dispute the claim.

    0
    0
  • On December 11, 2009, Industry Minister Tony Clement announced that Globalive did meet ownership requirements, since Orascom was simply a creditor and not an owner of Globalive.

    0
    0
  • If you see something wrong, make sure you dispute it with the agency and/or contact the creditor who reported the erroneous information.

    0
    0
  • While you can't do anything but correct creditor reports, you can make sure that closed accounts are reported as closed and paid off accounts are shown as paid off.

    0
    0
  • A foreclosure is a legal proceeding in which a creditor repossesses collateral for a loan that is in default.

    0
    0
  • Flood the bureaus with several depute letters and some bad stuff will temporarily disappear while information is being verified with a creditor.

    0
    0
  • Any error that you dispute must be investigated by the credit bureau with the creditor who supplied the data.

    0
    0
  • The bureau will remove from your credit report any errors a creditor admits are there.

    0
    0
  • Keep in mind that a creditor's records may be incomplete, lost or hopelessly misfiled.

    0
    0
  • If that's the case, you'll win because the creditor may not even respond to the bureau, the bureau won't be able to verify the questioned data and it will be removed.

    0
    0
  • From your files with each creditor account, check the creditor name listed, compare account numbers, amounts charged and status of each account.

    0
    0
  • Rapid rescoring will post the new information on your report within that 72-hour time frame instead of the usual 30 days it takes a creditor to report data and the bureau to post it.

    0
    0
  • No matter the method, add 2-3 days processing time once the payment reaches the creditor.

    0
    0
  • Please investigate this matter with (LIST CREDITOR HERE) and correct and delete these disputed items from my credit report.

    0
    0
  • A secured creditor is one who has collateral toward their loans.

    0
    0
  • If you see something that doesn't make sense, call the creditor to ask a few questions.

    0
    0
  • A curious extension of the talio is the death of creditor's son for his father's having caused the death of debtor's son as mancipium; of builder's son for his father's causing the death of house-owner's son by building the house badly; the death of a man's daughter because her father caused the death of another man's daughter.

    0
    1
  • The Poetelian law (326 B.C.) restricted the creditor's lien (by virtue of a nexum) to the goods of his debtor, and enacted that for the future no debtor should be put in chains; but we hear of debtors addicti to their creditors by the tribunals long after - even in the time of the Punic Wars.

    0
    1
Browse other sentences examples →