Sentences with phrase «past delinquent debt»

· If you have any current or past delinquent debt payments, you must include letters explaining the reasons for non-payment.

Not exact matches

Re-aging a delinquent credit card account can be a great way to wipe out payment errors in your past, or it can be a way to reanimate debts that you are no longer legally required to pay.

When a credit card account has been delinquent for more than 180 days, banks will charge off what is owed as «bad debt» and sell the account to a debt collector who will call, harass and even sue if the past due balances are high enough.

Once you've gotten caught up on past due accounts and paid off delinquent debts, your focus should be on maintaining the health of your credit score.

In fact, when you're more than 30 days past due on a debt, your creditor considers the payment delinquent.

With debt settlement, depending on the age of the credit account and the debtor's financial ability, past - due and delinquent debt can be reduced by more than half.

If you have a good payment history with that lender, the lender may be able to look past other delinquent debts on your credit file.

Basically, the government will deny an application if the parent is considered delinquent for 90 days or more on the repayment of a debt or has been the subject of a default determination, bankruptcy discharge, foreclosure, repossession, tax lien, wage garnishment, or write - off of a student loan in the past 5 years.

Federal Investigative Notice No. 06 - 07 says the OPM does not automatically expand investigations for financial issues unless a credit report reflects current aggregate delinquent debt totaling $ 3,500, there has been a Bankruptcy within the past 2 years, or there has been a bankruptcy within the past 3 to 5 years with evidence of current credit problems.

Re-aging a delinquent credit card account can be a great way to wipe out payment errors in your past, or it can be a way to reanimate debts that you are no longer legally required to pay.

In the same credit grade, there may be another note paying the same amount of interest where the borrower has never declared bankruptcy, has never been delinquent on a payment in the past several years, has been employed at the same job for 5 years, makes $ 50,000 a year, has a reasonable debt to income ratio, and has had credit for 15 years.

For example, in a risky credit grade, there may be a borrower who has had multiple bankruptcies, has been delinquent on payments several times in the past year, is currently unemployed, has a high debt to income ratio, and has only had credit for 5 years.

«Collection Agencies» are 3rd party companies that attempt to collect on past due debt that has been charged off or severely delinquent.

Details found in an individual's credit report from each credit bureau includes any debts owed, if those debts are paid on time and in full or if they are delinquent, past debts, inquiries from creditors, and any information relating to court judgments, bankruptcies, or debt settlements.

The borrower may not have delinquent federal debt or judgments, or debt associated with past FHA loans.