Creditor Sentence Examples

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

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.

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.

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.

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.

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

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.

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

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.

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.

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

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."

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.

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.

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.

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.

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.

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

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

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

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

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

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

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

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

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

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.

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.

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.

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.

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

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

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

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

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

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.

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.

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

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.

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

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

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

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

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

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

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

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

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

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

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

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

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.

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

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

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.

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

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.

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

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

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.

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

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.

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

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

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.

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

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

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

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

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

Do negotiate the debt with the creditor.

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

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?

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

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.

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.

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.

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.

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.

Debt settlement is either initiated by the borrower or creditor.

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.

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.

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

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.

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

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

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.

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

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

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.

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

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

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.

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

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.

Also contact the creditor that issued the account.

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

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

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.

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

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

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.

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.

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.

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

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

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.

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.

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

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

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

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

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

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

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

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

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

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.

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.

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

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

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

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.

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.

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.

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

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.

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

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

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

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.

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

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.

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

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

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.

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.

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.

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

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.

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

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.

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

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

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

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.

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.

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.

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.