Sentences with phrase «seriously delinquent debts»
However, the rate of overall consumer distress (having any seriously delinquent debt or third party collections debt) is lower in the tristate region than the nation.
https://www.newyorkfed.org/ Not exact matches
Nearly 6 percent of mortgage borrowers in New Jersey have at least some seriously delinquent mortgage debt, nearly twice the national rate.
The Fed categorizes that debt as «seriously delinquent,» which makes it eligible for debt settlement.
Unfortunately, of the $ 607 billion of debt that is delinquent, $ 412 billion is seriously delinquent.
Creditors don't typically settle debts until they're seriously delinquent.
«Broadly speaking, a precedent of deleting adverse information once a delinquent debt is paid would seriously impinge on the quality of data,» a spokesman for the organization told The New York Times last year.