Negative credit information definition

Negative credit information means information concerning the credit history of a consumer that, because of the consumer’s past delinquencies, late or irregular payment history, insolvency, or any form of default, would reasonably be expected to affect adversely the consumer’s ability to obtain or maintain credit. “Negative credit information” does not include information or credit histories arising from a nonconsumer transaction or any other credit transaction outside the scope of this title, nor does it include inquiries about a consumer’s credit record.
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Negative credit information means information
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Negative credit information means any information relating to the overdue, past due, charge-off, or delinquent status of a credit transaction between a consumer and a bank or another financial institution, or information on bankruptcies and other court judgments.
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Examples of Negative credit information in a sentence

  • Negative credit information will be reviewed as to the age of the account, account type, and the extensiveness of the negative debt.

  • Negative credit information covering delinquencies, late payments, and arrears on most lending products is primarily recorded by the Santiago Chamber of Commerce.

  • Negative credit information also increases self-employment and decreases mobility.

  • Credit scores analyze a borrower's credit history considering numerous factors such as: § Late payments§ The amount of time credit has been established§ The amount of credit used versus the amount of credit available§ Length of time at present residence§ Negative credit information such as bankruptcies, charge-offs, collections, etc.

  • Negative credit information goes to all 3 credit bureaus on defaulted loans.Perkins continued… • Think carefully about consolidation:Advantage is that you will be paying back all loans to ONE lender, but: • Will lose Perkins cancellation provisions.

  • Negative credit information may be submitted to a credit-reporting agency if I fail to fulfill the terms of my credit obligations.

  • Negative credit information is mainly focused on punishing dishonesty, while positive information is relatively scarce, lacking incentives for honesty.


More Definitions of Negative credit information

Negative credit information means information concerning the credit
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Related to Negative credit information

  • Credit information means information about you, including your name, age, date of birth, occupation, place of residence, previous places of residence, occupancy length, marital status, co-occupant’s/spouse’s/same-sex partner’s name and age, number of dependants, particulars of education or professional qualifications, field of employment, places of employment, previous places of employment, employment durations, estimated income, paying habits, outstanding debt obligations, cost of living obligations, involvement in bankruptcy proceedings or landlord and tenant disputes, assets, and banking information (including account and credit card information).

  • Balance Information We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield. Limitations: You must deposit $1,000.00 to open this account. You may not make additional deposits into this account. You may not make withdrawals from your account until the maturity date. Time Account Information: Your account will mature in the term of the Certificate of Deposit. If you withdraw any of the principal before the maturity date, we may impose a penalty of 90 days interest on the amount withdrawn. This account will automatically renew. You will have 10 CALENDAR DAYS after the maturity date to withdraw funds without penalty. If you do not withdraw the funds, each renewal term will be for an identical period of time as the original term.

  • Customer Usage Information means information regarding the historical electricity consumption of a Customer;

  • Information Page means https://indices.vontobel.com.

  • Management Information means the information specified in the Monitoring Schedule.

  • Agent’s Information means, solely, the following information in the Prospectus: the third sentence of the eighth paragraph and the tenth paragraph under the caption “Plan of Distribution” in the Prospectus. This indemnity agreement will be in addition to any liability that the Company might otherwise have.

  • Patient Information means information (however recorded) which—

  • Exempt Information means any information or class of information (including but not limited to any document, report, Agreement or other material containing information) relating to this Agreement or otherwise relating to the Provider, which potentially falls within an exemption to FOIA (as set out therein);

  • Reference Lenders means the Agent unless the Agent resigns said responsibility, at which time and thereafter such term means one or two Lenders selected by the Agent in its discretion from time to time as a reference lender for purposes of determining the Adjusted Libor Rate.

  • Client Information means any data, information, software or other materials that you provide to Red Hat under the Agreement.

  • Material Credit Facility means, as to the Company and its Subsidiaries,

  • information folder means the complete folder, including the information document, file, data, drawings, photographs, and so on, supplied by the applicant, it being permissible to supply the information folder in the form of an electronic file;

  • Limited line credit insurance producer means a person who sells, solicits, or negotiates one or more forms of limited line credit insurance coverage to an individual through a master, corporate, group, or individual policy.

  • Standard Usage Information means the usage data that is made generally available by the gas utility to all similarly situated Customers on a regular basis, delivered by the gas utility in a standard format.

  • Insurance Information means the insurance information required by the Access Provider pursuant to Clause 5(b)(xi) hereof.

  • Transparency Information means the content of this Contract in its entirety, including from time to time agreed changes to the Contract, and details of any payments made by the Authority to the Contractor under the Contract;

  • Confidential commercial or financial information means any business information (other than trade secrets) which is exempt from the mandatory disclosure requirement of the Freedom of Information Act, 5 U.S.C. 552. Exemptions from mandatory disclosure which may be applicable to business information contained in proposals include exemption (4), which covers “commercial and financial information obtained from a person and privileged or confidential,” and exemption (9), which covers “geological and geophysical information, including maps, concerning wells.”

  • Borrower Information has the meaning given that term in Section 2.5.(c).

  • Letter of Credit Report means a certificate substantially the form of Exhibit H or any other form approved by the Administrative Agent.

  • Payment Information means any details required for the purchase of Services from this Website. This includes, but is not limited to, credit / debit card numbers, bank account numbers and sort codes;

  • Line Information Data Base (LIDB means a transaction-oriented database system that functions as a centralized repository for data storage and retrieval. LIDB is accessible through CCS networks. LIDB contains records associated with End User line numbers and special billing numbers.

  • Credit hour means 50 minutes of classroom instruction in

  • Genetic information means, with respect to any individual, information about such individual’s genetic tests, the genetic tests of family members of such individual, and the manifestation of a disease or disorder in family members of such individual. Such term includes, with respect to any individual, any request for, or receipt of, genetic services, or participation in clinical research which includes genetic services, by such individual or any family member of such individual. Any reference to genetic information concerning an individual or family member of an individual who is a pregnant woman, includes genetic information of any fetus carried by such pregnant woman, or with respect to an individual or family member utilizing reproductive technology, includes genetic information of any embryo legally held by an individual or family member. The term “genetic information” does not include information about the sex or age of any individual.

  • Borrower Materials has the meaning specified in Section 6.02.

  • Credit report means any written, oral, or other communication of

  • Remittance Information means the information that must specify the Billing Account Numbers (BANs) paid; invoices paid and the amount to be applied to each BAN and invoice.