Sentences with phrase «paying as agreed»

Base FICO ® Scores, such as FICO ® Score 8, are designed to predict the likelihood of not paying as agreed in the future on any credit obligation, whether it's a mortgage, credit card, student loan or other credit product.

You, a homeowner with a non-FHA mortgage that you are paying as agreed, ask your current mortgage lender to write down your outstanding balance by at least 10 % so that you can replace the loan with an FHA mortgage.

When you accept new credit and manage it diligently by consistently paying as agreed, you demonstrate to lenders that you represent a good credit risk.

I was in default on a student loan and a year ago I made a repayment plan with an agreement that no collection status was ever placed on the account and that it would show paying as agreed.

That means you won't be responsible for late fees or court costs if you're sued over the debt because the borrower is not paying as agreed.

They have two options: «Paying as agreed,» which won't hurt your credit score, or «not paying as agreed,» which could bring your credit score down.

Make sure they are reporting it as «paying as agreed» before you agree to any deal.

Most delinquent accounts eventually return to paying as agreed, but a portion never pays another dime.

For other purposes, your FICO Score 8 may not appropriately predict your likelihood of not paying as agreed in the future of a specific credit obligation.

The purpose is to identify customers who may be paying as agreed with them, but falling behind with other lenders.

Maybe you tried and failed to remove a negative comment, a late payment, or an account that was marked «Paid as agreed» (which might mean the creditor agreed to let you pay less than you owed).

If you have poor credit, though, the problem is that they do know something about you — and what they know makes them nervous about the chances you'll pay as agreed.

When you take out a debt consolidation loan, your debts will still be marked as paid as agreed, which shouldn't affect your ability to get additional credit if you need to take out a car loan or mortgage while you're repaying your debt consolidation loan.

Default means failure to pay as agreed.

A debt holder who got paid as agreed would have no legal injury and hence no standing to sue.

How many accounts are paid as agreed, how many are past due and how long the item is past due are factors as well.

Generally, the higher your credit score, the lower the risk your payments won't be paid as agreed.

Updating an account from «currently delinquent» to «paid as agreed» does not erase the negative past.

A minor delinquency will hurt a risk score only temporarily if the account returns to paid as agreed shortly thereafter.

That is why your credit report lists whether or not you pay as agreed, and whether or not you pay on time.

Once your home equity plan is opened, if you pay as agreed, the lender, in most cases, may not terminate your plan, accelerate payment of your outstanding balance, or change the terms of your account.

Accounts paying history (late payments or paid as agreed), number of revolving accounts, installment accounts, open accounts, etc. 30 % is amounts owed.

In all cases of early termination of mortgage insurance, the loan must have been paid as agreed and currently in good standing with the lender.

If they agree to your proposed settlement amount, get it in writing, including a notation that says they will update your credit reports to show the account as settled, paid as agreed.

This way, they can sell off a property if the client fails to pay as agreed.

If they agree, make sure they will supply you with a debt satisfaction letter and that they report the debt as satisfied or paid as agreed to the credit bureaus.

A charge - off, or an account you did not pay as agreed, will also stay there for up to 7 years.

Lenders are not concerned with whose idea the repossession was; they are concerned with the fact that a creditor had to take back merchandise rather than get paid as agreed.

The Ontario Mortgage Act has it that holders of a registered mortgage may sell a property if fees are not paid as agreed.

This enables them to sell a property if fees are not paid as agreed.

Payments made during your plan are usually reported as «paid as agreed.»

If they are reporting the deal as «not paid as agreed,» it will hurt your credit score.

Make sure they are reporting it as «paid as agreed» so your credit score doesn't take a hit.

A credit report code of zero means that there is nothing to rate or the account is too new; 1 means paid as agreed; 2 means up to 59 days past due; 3 means more than 60 days, but less than 90 days past due; and 5 means the account is more than 120 days past due.

This particular credit line was rated R - 1 paid as agreed.

When you take out a debt consolidation loan, your debts will still be marked as paid as agreed, which shouldn't affect your ability to get additional credit if you need to take out a car loan or mortgage while you're repaying your debt consolidation loan.

Hopefully, you'll be able to speak with someone who has the authority and ability to fix the error and explain that, since you paid ahead and had not received a bill or any notification after canceling, you had every reason to believe the account had been paid as agreed.

The VA does not require an appraisal, income or employment verifications, or a credit report or termite report, as long as the current mortgage has been paid as agreed for the last 12 months and is up to date at the time of refinancing.

You won't get as much of a credit score boost from a «settled» account as one that is «paid as agreed» or «paid in full».

However, creditors may agree to report payments made under your credit counseling plan as «paid as agreed» even if you're paying less than the monthly minimum payments.

If you can't get the creditor to agree to remove the charge - off completely, try for something less negative like a simple «Paid as Agreed» or «Closed» rather than «Charged - Off.»

Especially look for; Late payments, charge - offs, collections or other negative items that aren't yours, Accounts listed as «settled,» «paid derogatory,» «paid charge - off» or anything other than «current» or «paid as agreed» if you paid on time and in full, Accounts that are still listed as unpaid that were included in a bankruptcy, Negative items older than seven years (10 in the case of bankruptcy) that should have automatically fallen off your report (you must be careful with this last one, because sometimes scores actually go down when bad items fall off your report.

My credit score is higher than hers, but it was pretty much stagnant for two years because I had no revolving accounts / credit — only student loans on my credit report, which I pay as agreed.

Second, making frequent payments to keep the balance at zero or just above zero shows that your student «pays as agreed» on his or her report.

If you do decide to settle an old debt proceed with caution and try to settle the debt with the original creditor in exchange for the debt reported «paid as agreed».

This is a meaningful gesture that won't soon be forgotten and, if the loan is paid as agreed, won't cost the co-signer a dime.

Due to being young and not very experienced i fell behind on it and forgot about it, They reported the lates as suck, 30, 60, 90, 90, 90 and then when i realized i brought it current and have been paying it on time for months now just paying down the late charges but they are now reporting it as pay as agreed, (was late 90 day) due to not having much credit it hurt me bad and dropped me to a 589 credit score when i believe i was in the high 600's.

Your goal is to pay off any debt you truly owe and obtain a «paid as agreed,» comment on your credit file.

Under the Ontario Mortgage Act, the private lender can sell off a property in default if the mortgage fees are not paid as agreed.

If the account was not paid as agreed, the information will be reported for seven years.