'payment reduction' is a correct and usable phrase in written English.
It can be used to refer to a decrease in how much money is owed or paid in a given situation. For instance, "As part of the new budget agreement, union members will receive a 5% payment reduction in health insurance premiums."
I say, 'I can't afford to pay this, I need a payment reduction,' and they push me toward forbearance.
New financing of durable consumption by borrowers with lower housing wealth responds more to mortgage payment reduction relative to wealthier households.
The potential value of BSS in payment reduction and the optimal size can be determined by formulating and solving standard mathematical programming problems.
Meanwhile, if you participate in the temporary payment reduction program for unemployed people, you will probably see some damage to your credit report.
Under the reforms, tenants with one spare bedroom have had a payment reduction of 14 per cent and those deemed to have two or more spare have seen their benefits cut by 25 per cent.
As of the end of December, they said, more than 853,696 homeowners were actively in the modification program, with a median payment reduction of at least $500 a month.
"Try asking for better deals or payment reductions and holidays from businesses you use.
But retirees of a company like Lucent, with its history of substantial benefits, are more likely to face payment reductions.
Refunds or payment reductions under the GMAC settlement have been estimated to total as much as $100 million.
It calls for additional cuts that would affect the working poor, including minimum wage and welfare payment reductions.
"These payment reductions will not adversely affect access to care," but will bring payments in line with costs, the House Ways and Means Committee said.
