If all goes as planned, the debtor will be discharged of unsecured debts, generally credit card debts.
The charge-off rate is the percentage of credit card debts that the company believes it will never recover.
This includes mortgages and credit card debts, but excludes houses as an asset.
People who see each other every Sunday can say, 'How are you doing paying down those credit card debts?
More students are also graduating with large overdrafts, loans and credit card debts.
This is their best estimate, from past experience, of credit-card debts that will not be repaid.
More recent ideas include managing distressed power stations and buying delinquent credit-card debts from banks.
But many young people might have other priorities, such as paying off credit-card debts or saving for a house deposit.
Since then evidence of a sort against the priest has mounted: police point to credit-card debts, his delay in reporting the body and, crucially, his 11-year-old German shepherd dog, Baloo.
While your credit score, debts and spending budget, and financial goals may not be in sync, treating each other as equals in financial matters and beyond is a step towards avoiding money spats.
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Measures you can take to improve your credit score relatively quickly include paying down revolving consumer debts, such as credit cards or auto loans, using your debit card instead of your credit cards for future purchases, paying your bills on time every month and correcting any errors on your credit report.
With bad debts restraining credit expansion, domestic demand in East Asia is also constrained.
It's non-priority debts like credit cards, store cards and doorstep lending.
For example, collectors sometimes report erased debts to credit bureaus, a pressure tactic that is in violation of the law if the debt has been discharged.
Among them, the Brazilian government strived to pay off debts before the credit crisis hit.
Many weak, indebted borrowers would be driven out of business should the banks start writing off bad debts and cutting credit lines.
Consumers link their debts (including credit cards, car and student loans, mortgages etc.) and bank accounts from most any U.S. bank to their SaveUp account.
Doorstep lending, or home credit as it is termed by the trade, is a counter-cyclical business: in a downturn, bad debts pile up, blackening credit histories.
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The mountain of unpaid credit-card charges and other debts accumulated during the financial crisis hasn't disappeared.
When you have no other debts, such as credit card debt, at greater rates of interest.
But because of the fear in the credit markets, including concern that debts won't be repaid, the commercial paper market has all but frozen.
If the Big Three defaulted on their debts, holders of credit default swaps--which in recent years have grown like toxic weeds--would demand payment from those who wrote the insurance on the automakers' bonds.
Overdue debts that move to collections hurt credit scores and stay on credit records for seven years.
Developed economies like the US, UK, and Spain might be put on a negative credit watch, but their ability to finance their debts remains strong.
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Such debts became insupportable as margins fell and credit dried up.
He warned that some credit card lenders could change the interest rates on existing debts.
Official bad debts recognised so far for property and infrastructure credit are implausibly low.
Some debts, such as a legal judgment or credit cards in the name of the deceased only, may not have to be paid.
The talk is that most of these guarantees are for credit derivatives, or insurance against Greece not paying its debts - but I can't be sure that's so.
It has been late in paying several foreign debts, including one to Britain's Export Credit Guarantee Department.
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