However, BSP-supervised financial institutions are allowed to provide for a cure period policy on a credit product-specific basis within which clients may be allowed to catch up on a late payment without being considered as past due
, provided that the cure period policy is based on actual collection experience and reasonable judgment that support tolerance of occasional payment delays,' it said.
But the law states that debt collectors, which include any person other than the creditor that regularly collects debt owed to others, cannot under the Fair Debt Collection Practices Act (passed in 1978), harass, use false statements or unfair practices, to collect past due
In the second case, debt was issued with a stated interest rate of 8% and a 10% penalty rate of interest accrued on past due
Nevada, which has topped the list in eight of the past 11 months, showed signs of continued improvement in overall past due
accounts but led all states in extreme past due
accounts (the percentage of accounts 90-plus days past due
) by a sizable margin.
The foreclosure numbers for prime fixed-rate loans will get worse, because those loans represented 54 percent of the quarterly increase in loans 90 days or more past due
but not yet in foreclosure.
Ask how they think of their credit and past due
A/R management function and most business people will respond with a negative.
Skip" Falgout III, Car-Mart's CEO, said the additional charge-offs occurred because the company reduced the percentage of accounts more than 30 days past due
and will continue to reduce that percentage through April 30.
Based on this assessment, and because of serious doubts about California's long-term energy supplies, Hahn's request that Freeman take steps to ensure Los Angeles receives payments long past due
for energy sold to the state was right on point.
Rent, he observed, is usually paid in advance and therefore would not be a "debt" of past due
Cortera[TM], a community-driven business information company, today published its October 2009 Cortera's High Risk Debt Report, a monthly index of current accounts receivable debt and high risk 90-plus days past due
It considers loans two or more payments past due
They are also questioning past due
real estate tax payments and other charges in order to avoid the additional lien certificate sale surcharges.