Sentences with phrase «late on any consumer debt»

Have you been late on any consumer debt in the last 24 months?

Not exact matches

In its latest study on private student loans, the Consumer Financial Protection Bureau completes what up until now has been a fragmented picture of America's growing student debt crisis.

Just like a thorough vetting of cabinet nominees could have foreseen the scandals that later emerged, a thorough vetting and review process for the monster tax cut legislation would have cautioned against such radical moves in the face of massive maturing supply, a trimming Fed, and a debt - strapped consumer that is seeing higher interest rates on mortgages and credit cards as a result of the spike in rates.

That means these consumers weren't just late on their payments — they were so late that the creditor hired a debt collector to collect the money or wrote the debt off entirely as a loss.

NO waiting period after a foreclosure for an FHA Loan if you had NO late payments on ANY mortgage or consumer debt in the 12 - months proceeding the short - sale AND it was NOT a strategic short sale.

Keep your federal on the IBR or other income driven repayment program, get rid of your unsupportable consumer debt, and be aware that the private student loan may disappear and resurface later but get help at that time to negotiate a settlement arrangement on it.

Debt to income ratio can be instructive, late payments on existing debt may be a sign, but each consumer's situation is differDebt to income ratio can be instructive, late payments on existing debt may be a sign, but each consumer's situation is differdebt may be a sign, but each consumer's situation is different.

Part of this change stems from the fact that a large amount of medical debt is paid late by insurers — sometimes the result of slow or faulty administrative processes — but it's the consumer who unfairly shoulders the blame on their credit report.

A lender might have denied credit based on a subjective judgment that a consumer already held too much debt or had too many recent late payments.

It's now 3 and a half years later and we've eradicated 85 % of our starting debt, we'll pay off the mortgage on the 25th and will eliminate the last bit of consumer debt this summer.

The number of consumers with bad credit has grown in recent years and its well known that one late payment on a credit account can result in high APR as well as high late fees added to the debt balance.

We'll talk more about consumer and public debt later on.

Faced with a sluggish economy and flat - lining wages, consumers will continue to focus on increasing their savings and decreasing debt, just as they have since late 2009, says a new survey by CreditDonkey.com.

The primary consumer protection problem areas that have given rise to the States» actions include: (1) unsubstantiated claims of consumer savings; (2) deceptive representations about the length of time necessary to complete a debt relief program; (3) misleading or failing to adequately inform consumers that they will be subject to continued collection efforts, including lawsuits, and that their account balances will increase due to extended nonpayment under the program; (4) deceptive disparagement of consumer credit counseling; (5) deceptive disparagement of bankruptcy as an alternative for debtors; (6) lack of screening and analysis to determine suitability of debt relief programs for individual debtors; (7) the collection of substantial up - front fees so the debt relief company gains even if it fails to perform; (8) lack of transparency and information for consumers as to payment of fees, status of accounts, and communications with creditors; (9) significant delays in active negotiation or engagement with creditors, coupled with prohibitions on direct consumer communications with creditors; and (10), in the case of debt settlement companies, basing savings claims (and settlement fees) not on the original account balance, but on the inflated amount due (including late fees and default rates of interest) at the time of settlement.

Roughly one out of every 20 consumers has significant errors in his or her credit report, which can include information from others» accounts, records classifying paid debts as unpaid, or records listing debts paid on time as late.

An individual's credit score might be the single most important number in their life, unfortunately some consumers do not realize this until it's too late and get in over their head by taking on too much debt.

Another serious and negative consequence that may result from a consumer's decision to enter a debt relief plan in which he or she stops paying creditors is the accrual of late fees or interest on the accounts, which can significantly increase the consumer's ultimate obligation.

According to the Federal Reserve's latest report on consumer credit, credit card debt fell for the second consecutive month in February, despite modest increases in consumer spending during the same period.

The Federal Reserve's latest report on household debt and credit shows that consumers are feeling confident enough about the economy to borrow money for a new car or pay for higher education.

A credit score is a number insurance companies assign consumers based on their credit history, such as bill paying history, the number and type of accounts they have, late payments, collection actions, outstanding debt and the age of their accounts.

Part of this change stems from the fact that a large amount of medical debt is paid late by insurers — sometimes the result of slow or faulty administrative processes — but it's the consumer who unfairly shoulders the blame on their credit report.

The company restarted some of its consumer electronics projects late last year by launching ten new TVs in China and is expected to follow up on that move in the coming months if it manages to settle its crippling debt.