Sentences with phrase «holder defaults on the payments»

However, if the spouse uses the supplementary card, it is not uncommon for the credit card company or a collection agency to then pursue the supplementary card holder if the primary card holder defaults on the payments.

Not exact matches

Your loan holder may be collecting payments on your defaulted loan through wage garnishment or Treasury offset (taking all or part of your tax refunds or other government payments).

For example, if a borrower defaults on their mortgage, Fannie and Freddie are responsible for the losses on the loans they guarantee to investors, while Ginnie Mae is financially responsible for the bond payments to the holders of Ginnie Mae securities.

(ii) within such period as may be specified in the guarantee or related agreements, the Secretary shall pay to the holder of the guarantee, to the extent provided under subsection (a)(2), the unpaid interest on, and unpaid principal of the portion of guaranteed portion of the mortgage with respect to which the borrower has defaulted, unless the Secretary finds that there was no default by the borrower in the payment of interest or principal or that the default has been remedied.

Universal default still lives — credit card issuers may raise interest rates, even if a card holder's never been late on a payment — but the new rate may apply only to future purchases, per the CARD Act.

Mortgage insurance is an insurance policy that protects a mortgage lender or title holder in the event that the borrower defaults on payments, dies or is otherwise unable to meet the contractual obligations of the mortgage.

Complicating the affordability issue, card holders who are not able to make payments on the new credit card will hurt their credit score even further should they default on their monthly payments.

the disclosure of certain enumerated events affecting a municipal security; these events include the following, if material: (1) principal and interest payment delinquencies; (2) non-payment related defaults; (3) unscheduled draws on debt service reserves; (4) unscheduled draws on credit enhancements; (5) substitution of credit or liquidity providers; (6) adverse tax events affecting the tax - exempt status of the security; (7) modifications to rights of securities holders; (8) bond calls; (9) defeasances; (10) release, substitution, or sale of property securing repayment; (11) rating changes; (12) failure to provide annual financial information as required; the MSRB, Electronic Municipal Market Access (a.k.a. EMMA) provides free access to municipal disclosures, market data and education

Note: If you choose to make three payments on the defaulted loan before you consolidate it, the required payment amount will be determined by your loan holder, but can not be more than what is reasonable and affordable based on your total financial circumstances.

Your loan holder may be collecting payments on your defaulted loan through wage garnishment or Treasury offset (taking all or part of your tax refunds or other government payments).

If you're having difficulty making your federal student loan payment, contact your loan holder to find out how you can stay on track and avoid delinquency and default.

Sorry I mean't to add one other thought, if the card holder is carrying a high balance and their interest rates increase like the banks have been raising in recent months, this could backfire on the banks themselves, I mean since the banks give a 45 notification of the increase and the consumer is already maxed out and can barely make the payments as it is, the increased interest rates because of how the congress requires at least all the monthly interest and some of the principle to be paid on the cards, done so that consumers could reduce the amount of time to illiminate their debts, this may spawn many card holders whoms payments will increase much like those adjustable rate mortgages that people walked away from to go wild with their remaining balances on the card and then default, the whole irony is that the consumer may very well use the card thats damaging them to pay for bankruptcy proceedings lol!

Even if the primary account holder doesn't completely default, he might send payments 30 days late, which triggers a negative remark on his credit report and the cosigner's report.

This means that as a policy holder if you have defaulted on the premium payments for six months, the life cover is still available.

• Assisted in developing and implemented systems to account for financial transactions • Maintained subsidiary accounts by ensuring that all entries are reconciled • Balanced general ledgers by preparing trail balances and reconciling entries • Filed financial documents using set recordkeeping rules, following confidentiality policies • Provided support in preparing financial reports by collecting, analyzing and summarizing accounting information • Followed - up on outstanding payments by calling or emailing defaulted account holders

Property redemption rights for holders of tax liens permits the property title to transfer at little or no cost if the homeowner defaults on tax payments.

That's because if the buyer defaults on the first lien, you would be responsible for making up all back payments on both mortgages, plus all future payments until the primary mortgage holder forecloses.