Sentence examples for behind on payment from inspiring English sources
More than 300 customers were 90 days behind on payment, some as much as a year.
But, in a recent white paper, the nonprofit outfit American Student Assistance (ASA), which advocates for responsible lending, contends that it is "difficult to argue that someone who is 269 days behind on payment is really 'repaying' their loan".
On Thursday, the Mortgage Bankers Association said more than one in six F.H.A. borrowers was behind on payments.
Foreclosures increased 65% from a year earlier and defaults doubled, and twice as many families fell behind on payments as caught up.
G.E. has already acknowledged difficulties selling its credit card operations as concerns grow about consumers falling behind on payments.
In addition to the potential for being held responsible for repaying a large mortgage if your relative or friend fell behind on payments, there are other potential risks.
Worse, loans are decaying remarkably quickly: the number of borrowers falling behind on payments in the first few months has leapt, to around 4% of the total.
In December, the first subprime lenders started failing as more borrowers began falling behind on payments, often shortly after they received the loans.
Furthermore, the increasing number of borrowers falling behind on payments means charge-off rates are almost certain to increase as the economy worsens.
