That is because many past-due debts are owned not by the banks that issued them, but by debt collectors who bought, for cents on the dollar, a list of names and amounts due.
Pay down current and past-due debts first.
Many people assume that if you have a public record for a past-due debt, the record will automatically fall off once you pay off the debt.
Salable possessions had already been sold, the unpaid debts already past due.
A large number of "past due" flags will knock your debt-to-equity ratio out of line and hammer your credit rating.
In 2012, 30 acres of land in Kaka'ako were conveyed to OHA to settle the State of Hawai'i's past due public land trust revenue debt, an amount owed of Native Hawaiians under the Hawai'i State Constitution for the State's continued use of lands illegally seized from the Hawaiian Kingdom.
Do you have debts that are past due and the creditors are hanging out on your door step demanding your first-born?
NLI bought portfolios of nonperforming consumer debt (180 days or more past due) for pennies on the dollar, hoping to collect a little more than it paid.
I was past due on a credit card and got a call from a debt collector.
As Oliver explained, Americans collectively owe $12 trillion in debt, and $436 billion of that is seriously delinquent – i.e., 90 days or more past due.
