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Beyond the obvious, a reduction in a payment or payments, there are scams and barely legal offers from certain entities offering to reduce your payments. What they fail to disclose is how much it will cost and that they will not be making payments for a year or more, during which time the creditors will start suing you, and you will be clueless as why they are doing that. Consult a good bankruptcy lawyer. If you can do a payment plan and want to do that, fine. All creditors will be treated the same, and none of them can sue you. Plus, no interest or penalties or legal fees will accrue on the loans, either.
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∙ 13y ago
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How does credit card reduction work?
Credit card consolidation or reduction occurs when someone consolidates the amount owed on their credit card to make one payment. This eliminates the amount of interest is paid and can reduce ones debt quicker.
What is 1008-S payment reduction notification?
This is a bunk form sent from a bunk company that allows you to re negotiate the terms of your mortgage loan.
What is the difference between the balloon payment and deposit?
A Balloon payment is a lump sum of principal reduction due at the maturity of the loan. I have no idea how itcompares to a deposit as a deposit is usually a transaction when money is put into a savings/checking account which is a totally different side of the bank...
What is capital reduction?
The process of decreasing a company's shareholder equity through share cancellations and share repurchases. The reduction of capital is done by companies for numerous reasons including increasing shareholder value and producing a more efficient capital structure. After a capital reduction, the number of shares in the company will decrease by the reduction amount. In some capital reductions, shareholders will receive a cash payment for shares cancelled - but, in other situations, there is minimal impact on shareholders. Source: Investopedia
What is the purpose of a loan modification?
A Loan Modification is a process where the terms of a mortgage are modified outside the original terms of the contract agreed to by the lender and borrower. This could result in: * reduction in interest rate, or a change from a floating to a fixed rate, or in how the floating rate is computed * reduction in principal * reduction in late fees or other penalties * lengthening of the loan term * capping the monthly payment to a percentage of household income * mortgage forbearance program
What transfer payment that does not enter into net national payment?
subsidies, unemployment allowences, tax reduction
The capital cost reduction on a vehicle lease is?
A: Like a down payment on a house
What is total deductions?
reduction from gross revenue resulting from inablility to collect payment of charges
What does form 012-s payment reduction notification mean?
I recieved the same document Form 012-S Payment Reduction Notification Economic Stimulus 2013 from USNPAA. It appears to be a scam otherwise would be listed on the government website.
Which international payment methods provides the exporter with the strongest reduction of post shipment risk?
Cash in advance
A check drawn by a company for 270 in payment of a liability was recorded in the journal as 720 What entry is required in the company?
Reduction in liability for 550 should be recorded in journal to reduce the excess payment.
Are child support arrears reduced while in Colorado jail?
No. Only payment or a judicial reduction will reduce the amount you owe.
What is one of the most predictable results of widespread use of electronic billing and payment over the internet?
Reduction in transaction costs
How does credit card reduction work?
Credit card consolidation or reduction occurs when someone consolidates the amount owed on their credit card to make one payment. This eliminates the amount of interest is paid and can reduce ones debt quicker.
What is 1008 S payment reduction notification?
This is a bunk form sent from a bunk company that allows you to re negotiate the terms of your mortgage loan.
What is 1008-S payment reduction notification?
This is a bunk form sent from a bunk company that allows you to re negotiate the terms of your mortgage loan.
Does your ex-wife owe child support for the seven years of non-payment when she was unemployed?
yes, if there was a support order in place during that periodANSWERBut, if it was not modified to match her reduction in income, you should mediate a reduction in the amount owed and register it with the court. check my profile for why
