"payment situation" is a correct and usable phrase in written English.
You can use it when you need to refer to the circumstances or status related to payments, such as the type of payment, payment amount, time of payment, etc. For example, "The payment situation has become more complicated due to the current economic crisis."
Admittedly having slight knowledge of economics, Sir Alec as prime minister was unable to improve the deteriorating British balance-of-payments situation.
Even if it were established that the terms of trade have moved against the less-developed, largely primary-producing countries, this would not necessarily mean that their balance-of-payments situation has been adversely affected.
But when homeowners fall behind on their payments, the situation becomes far more complicated.
They're accepted as payment in situations in which network operator rules mandate their use, but nobody else really wants them.
While too many Nevada homeowners owe more than their homes are worth or struggle to make their mortgage payments, the situation is improving, Shaun Donovan, secretary of housing and urban development, wrote Wednesday in the Las Vegas Review-Journal.
Bridging visas create a kind of open-air prison for refugees and asylum seekers, as a person on a bridging visa is not allowed to work or claim welfare payments, a situation that makes many new arrivals entirely dependent on charity to survive.
This would lead to the birth of Plastiq, an online platform that allows consumers to use their credit cards for payments in situations when they previously could not.
In cases where families were having trouble paying their mortgage, banks were erroneously encouraging homeowners to miss payments -- a situation which led to needless foreclosures.
We did not find evidence of informal payments, unlike the situation in many other middle income countries.
Again, try to negotiate lower monthly payments until your situation changes.
