Sentences with phrase «pattern of late payment»

But when there is a pattern of late payment / under payment / non-payment, then you need to step back and reevaluate the client.

For example, a borrower with a reasonable debt - to - income ratio but a pattern of late payments might be turned down for a home loan.

This is particularly true if you experience a pattern of late payments (especially those of 60 days or more), or have collections or repossessions.

If you cosigned loans for anyone else, and that person had a pattern of late payments or the loan ended up being charged off, it will appear on your credit report.

To be eligible for a personal loan product, typically an individual must not have any accounts more than 60 days late; must not have active or recent bankruptcies; must not exhibit a pattern of late payments; must not have any debt that can not be covered by current income; and must not have any recently charged - off accounts.

For example, a borrower with a reasonable debt - to - income ratio but a pattern of late payments might be turned down for a home loan.

Not exact matches

LexisNexis uses outstanding debt, payment patterns, length of credit history, available credit, late payments, new applications for credit, type of credit used, past - due amounts and public records in calculating its insurance score.

For example, you may see a pattern of 10 or 12 consecutive 30 day late payments on one credit card.

This gives consumers real - time credit monitoring capability to track patterns of credit limit utilization, late payments, or fraud.

Some credit variables that are used include: outstanding debt, length of credit history, late payments, new applications for credit, types of credit used, payment patterns, available credit, public records, and past - due amounts.

Based on patterns identified in hundreds of thousands of sample reports, the equation assigns weights to various factors, such as late payments and amount of debt.