With an established reputation attaining effective debt settlements with creditors such as Chase, Bank of America, Wells Fargo, Discover, Capital One, American Express, and Barclays, amongst others, United Settlement provides LendingTree consumers that are presently coping with pecuniary hardship with effective debt settlement methods which help forge the trail toward a debt-free life style.
LendingTree Inc. can be an online financing change that connects customers with multiple loan providers, banking institutions and credit lovers. Created in 1998 and headquartered in Charlotte, NC, LendingTree has handled over 65 million loan needs since inception and trades publicly on Nasdaq beneath the ticker expression TREE.
LendingTree’s diverse network includes lots of the nation’s lending institutions that are largest, local, and alternative loan providers and enables consumers to comparison shop loans that best suit their requirements while empowering them in order to make appropriate monetary choices considering a number of informational resources and tools.
What exactly is Debt Settlement?
For the people people burdened with onerous amounts of financial obligation – whether it’s high-interest unsecured charge card financial obligation, your own installment loan, home loan, car loan, education loan financial obligation, medical financial obligation – or any combination thereof, effective credit card debt relief can offer hope and a pathway toward a debt-free life style.
The 3 primary types of credit card debt relief are debt negotiation, debt consolidation reduction, and getting into a debt administration plan. Debt consolidation takes place when a debtor successfully negotiates a payoff amount at under the total balance owed for a debt and it is a viable as a type of debt settlement whenever a debtor has fallen delinquent on several bank card records.
Creditors observe that delinquent accounts approaching status that is charge-off ultimately be useless in their mind, and for that reason are therefore usually happy to accept significantly less than the total amount owed. United payment frequently successfully negotiates lower stability payoffs with creditors, whom usually mark the settled account as “paid in complete” for a credit file.
a debt consolidating loan is a type of look at this web-site credit card debt relief that simplifies the payment process if you are paying down various creditors through one easy payment per month, often at a reduced blended general rate of interest. Nevertheless, whereas credit debt is unsecured, financial obligation connected with a consolidation loan is frequently guaranteed and supported by security such as for example a homely home or automobile.
Failure to cover back once again a debt consolidating loan on time, consequently, may result in property foreclosure or repossession. a financial obligation management plan (DMP) is a kind of credit card debt relief for folks with way too much unsecured bank card financial obligation that are having difficulty having to pay bills to a number of creditors.
A DMP permits for example streamlined, reduced month-to-month payment that gets assigned to the different creditors, leading to a lesser blended rate of interest while supplying a debtor aided by the opportunity to get free from debt over a three- to time period that is five-year.
Lendingtree debt consolidating
UNITED STATES OF AMERICA SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K ACTIVE REPORT PURSUANT TO SECTION 13 or 15(d) for the SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): AUGUST 8, 2003 INTERACTIVECORP (precise name of Registrant as specified in charter) DELAWARE 0-20570 59-2712887 (State or any other jurisdiction (Commission File (IRS Employer of incorporation) Number) recognition No.) 152 WEST 57TH STREET, NYC, NY 10019 (Address of principal executive offices) (Zip Code) Registrant’s phone number, including area code: (212) 314-7300 N/A (Former Name or Former Address, if Changed Since final Report)
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS Pursuant to an Agreement and Plan of Merger, dated at the time of might 5, 2003 (the “Merger Agreement”), by and among InterActiveCorp (“IAC”), previously United States Of America Interactive, Forest Merger Corp., a Delaware organization and wholly owned subsidiary of IAC (“Forest Merger Corp.”), and LendingTree, Inc., a Delaware business (“LendingTree”), IAC on August 8, 2003 finished its purchase of LendingTree through the merger of Forest Merger Corp. with and into LendingTree, with LendingTree surviving as being a subsidiary of IAC (the “Merger”). Each outstanding share of common stock, par value $0.01 per share, of LendingTree (“LendingTree Common Stock”) (other than LendingTree Common Stock (i) held by LendingTree as treasury stock or (ii) owned by IAC immediately prior to completion of the Merger) was converted into the right to receive (i) 0.6199 (the “Exchange Ratio”) of a share of common stock, par value $0.01 per share, of IAC (“IAC Common Stock”) and (ii) cash instead of any fractional share of IAC Common Stock in the Merger. Pursuant towards the Merger Agreement, each outstanding share of Series the 8% Convertible Preferred Stock, par value $0.01 per share, of LendingTree (” LendingTree favored Stock”) (aside from LendingTree Preferred Stock (i) held by LendingTree as treasury stock, (ii) owned by IAC straight away ahead of the conclusion regarding the Merger or (iii) as to which assessment liberties are perfected under Delaware law) had been changed into the ability to receive (i) the sheer number of stocks of IAC typical inventory that every share of LendingTree Preferred inventory might have had the right to get underneath the Merger Agreement had such LendingTree Preferred Stock been changed into LendingTree typical Stock instantly prior to the conclusion associated with the Merger, and (ii) money in place of any fractional share of IAC typical Stock that could otherwise be released. Pursuant to the Merger Agreement, all outstanding investment and warrants issued by LendingTree are not any longer exercisable for shares of LendingTree typical inventory but, rather, are exercisable for stocks of IAC typical inventory in line with the Exchange Ratio, since set forth within the Merger Agreement. Please see the text that is full of’s news release, filed as Exhibit 99.1 hereto, which is included herein by guide. IAC filed an enrollment statement on Form S-4 (File No. 333-105876) (the “Registration Statement”), as amended, registering beneath the Securities Act of 1933, as amended, the shares of IAC Common Stock issued or reserved for issuance regarding the the Merger. The Registration Statement contains extra information about the Merger. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL IDEAS AND EXHIBITS (c) Exhibits. 99.1 Press Release dated August 8, 2003.
SIGNATURES Pursuant to your demands of this Securities Exchange Act of 1934, the Registrant has duly triggered this are accountable to be finalized on its behalf because of the undersigned thereunto duly authorized. INTERACTIVECORP By: /s/ Dara Khosrowshahi – title: Dara Khosrowshahi Title: Executive Vice President and Chief Financial Officer Date: August 8, 2003
EXHIBIT INDEX Exhibit No. Description _ 99.1 Press Release dated 8, 2003 august.
