Sentences with phrase «balances on delinquent accounts»

Not exact matches

Using an extensive set of data on loan performance that we have developed with Equifax, we find that multiple first mortgage lien holders — that is, people owning more than one home — account for about 40 percent of the dollar volume of seriously delinquent mortgage balances, up from about 5 percent in 2004 (Chart 10).

You will be in default and we may demand immediate payment of the entire balance due on your Account if: (A) your Account is delinquent; (B) you exceed your Total Credit Limit; (C) you die or become insolvent; (D) you fail to keep any promise you have made in this Agreement; (E) you give us false or misleading information on your application; or (F) we have reason to believe in good faith that we will have difficulty collecting your Account.

Understand that although, for instance, 13.99 % may be your base interest rate, if the account has become delinquent, or you made any cash advances or balance transfers, higher or lower interest rates may be charged on a portion of the balance or the entire balance, depending on what's going on with your account; a balance transfer may get 0 % interest for a year, then 19.99 % interest after that if not paid off.

Even overdrafts don't appear on your credit report unless the account gets closed and you never pay back the delinquent balance.

If you're delinquent on any accounts, the score takes into account how late your payments were, how often you had late payments, if you've still got a past due balance and if your account is in collection.

If you become delinquent in credit card payments — that is, if you don't pay the minimum amount due for 60 + days — all the balances on your account will begin getting charged this rate.

Credit monitoring services also provide user - friendly charts displaying changes in the 1) number of delinquent accounts, 2) number of negative items on the credit report, 3) number of recent credit applications, 4) outstanding balance on all accounts, and 5) FICO score.

Other factors that affect the payment history component of your credit score are the balance you owe on any delinquent or overdue accounts, and time (or recency) since you last made a late payment.

The new rules say that, unless you are 60 days delinquent on your account, the new interest rate can only be applied to new balances.

• Develop, maintain and oversee all billing procedures for specifically designated department • Follow up on all receivable balances and ensure that delinquent account holders are contacted and perused for payments • Prepare periodic billing reports and supervise billing staff to ensure accuracy and efficiency of claims • Develop and implement billing policies with a focus on continuous improvement of each billing process and sub-process • Ascertain that all received payments are properly logged to appropriate register