Sentences with phrase «high defaulting accounts»

Offering successful track record of prioritizing high defaulting accounts and performing solid follow up, with proven abilities to acquire payments in a timely manner.

Not exact matches

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

Instead of honoring this agreement, Innoson filed a new case at the Federal High Court, Awka claiming that the bank had debited his account with N559, 374,072.09, the exact sum that the bag had forgiven him in default charges.

The campaign warns voters about the effects of a possible default if the debt ceiling isn't raised by Aug. 2 and spins a near - doomsday scenario of high gas and food prices along with dire consequences for 401 (k) accounts.

If one assumes that respondents were more likely to say that they were circumcised (ie, the default answer is to give an affirmative answer to any question) and that the same people report higher levels of STDs, this may account for any association found.

However, arrears and default rates are higher, and have risen more, among customers with the lowest credit ratings, who account for about 3 % of lending.

There is a high correlation between new account seeking activity and future defaults.

Prior to the CARD Act When a cardholder bounced a monthly payment check, missed a payment, was late on a payment, or went over their credit limit, a higher APR known as a default or penalty rate was assigned to their credit card account.

In many instances this also triggered a default rate much higher than the existing interest rate charged to the account.

In the example listed above, failure to make a timely payment may trigger the default APR, which is a much higher interest rate in most cases than the one a consumer typically has attached to their account.

As a result, their account values are generally higher than when using more conservative defaults.

The benefit of investing in equities of companies with higher accounting quality is fewer defaults (4 vs. 5) and a higher total return (13.2 % vs. 11.6 %).

But what might account for the high balance is if the loans were left in deferment or default and ballooned the balance.

This would imply that it would make sense to skew investments towards higher rated borrowers (A & B), as the total return will likely be higher after accounting for the expected higher defaults in C and lower borrowers.

I thought they might be a bit better (after defaults) than what I'm seeing at my high yield savings account.

Because of the poorer outcome rate, for - profit students accounted for 44 % of federal student loan defaults even though they represented only 11 % of all higher - education students.

Lenders can still use the cross default (also known as universal default) to raise the interest or change terms based on your payment record with unrelated accounts but can only charge the higher rate on new purchases.

My peer lending account had a really nice bump up this month due to investing in higher yielding notes and avoiding short - term defaults.

However, research by firms like ID Analytics suggests there is high demand for card accounts among populations that wouldn't necessarily default on their loans.

Rates assume automatic payment from an eligible Wells Fargo business checking account, and may be higher if the borrower fails to provide collateral, or an account default occurs.

«While a student at Berkeley in the late 1960s, Mr. Milken came across empirical support for his hunch that a portfolio of these high - yield bonds would outperform an investment - grade portfolio, even taking into account the higher likelihood of default....

Unfortunately at this point you have probably had additional collection fees added to your account and the loan balance is higher than before you went into default.

If there is any good news in the higher default rates, says Teresa Shumann - Dodson, vice president of operation at PerSolvo Data Systems of Irvine, Calif., a provider of aggregated account information of consumers enrolled in debt settlement programs, it is that credit card issuers are becoming more flexible when it comes settling those debts.

As a result, paying off that $ 2,000 defaulted credit card account probably will not lead to a higher credit score.

High interest rates and fees to extend loans, potential overdraft of account, default and debt collection

According to the CARD Act of 2009 lenders can only begin charging a higher default rate of interest when an account has become 60 days past due.

Such an attempt has just failed in the High Court which had taken a transfer of one of the Chester cornucopia of consumer credit cases (see NLJ 26 June 2009 p 923)-- the test case of McGaffick v Royal Bank of Scotland plc [2009] EWHC 2386, [2009] All ER (D) 71 Oct in which the lender had told the consumer that the existence of information on his default at the agencies might impair his ability to obtain credit or other financial facilities such as current accounts for a period of up to six years.

Earlier today, a Turkish security developer discovered that macOS High Sierra has the biggest possible security flaw: a root account, enabled by default with no password, that anyone with physical access to your >>

To keep tabs on assets that may be facing a higher than usual risk of default, Morningstar Credit Ratings, a Nationally Recognized Statistical Ratings Organization (NRSRO), follows a special formula that takes into account the assets» debt service coverage ratios, loan - to - value ratios, occupancy levels, maturity dates, tenant rollover expectations within a 12 - month period and the overall leasing conditions in the assets» metropolitan area.

Mortgages are priced higher than bonds, usually between about 1.2 per cent and 1.9 per cent, to account for higher risk of default and administration costs incurred by investors who hold mortgages as opposed to relatively hassle - free bonds.