"overdue on payment" is correct and usable in written English.
You can use it to describe a situation in which a payment has not been made in time. For example: "The company was overdue on payment for the supplies, so their order was canceled."
(And 30percentt of students are more than 30 days overdue on payments).
The credit report also showed that she had Banana Republic and Gap credit cards and that she was 30 days overdue on a payment in July 2008, when Mr. Obama was running for president.
The lenders involved– JPMorgan Chase, Bank of America, Countrywide Financial, Citigroup, Washington Mutual and Wells Fargo –say they will contact homeowners who are 90 days or more overdue on mortgage payments and work with them on ways to make their mortgages more affordable.
The creditor's claim, filed in Cuyahoga County Probate Court on Wednesday, states that Tamir's estate is overdue on a $500 payment for "emergency medical services rendered as the decedent's last dying expense".
Now they don't even pretend to know the price of milk, never mind the financial knife-edge that many live on, where the lateness of one overdue payment can drive people into despair.
He spoke of finding $80,000 inside, spending some on his son's legal defense and some on overdue mortgage payments on his Queens house and giving the rest away.
Pile that onto to the nearly 15% of the 77 million deed-holding American households that are either facing foreclosure or are 60 days overdue on their mortgage payments, plus the $850 billion in net small business lending that has essentially fled the small business community, "an outrageous number," and reality sets in: "We cannot have a jobless and consumer-less stock market recovery".
Ryan Tsang, a banking analyst at the rating agency, said that the percentage of bank loans overdue on principal or interest payments had fallen to 45percentt from 50percentt.
In October, Catholic Charities drew an additional $1,200 from the fund to help Ms. Marshall with overdue payments on her mortgage, which is $535 a month.
But the drop, he said, mainly reflects a huge expansion in new loans that might later go bad, as opposed to a resumption in overdue payments on bad debts.
