Negative credit information definition

Negative credit information means information
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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 concerning the credit
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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.

  • We built an interview protocol with 12 questions addressing enterprise’s responses to legitimacy demands (Interview protocol in Appendices A - A1).

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

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

  • Negative credit information includes default rate (broken by 30-day, 60-day, etc.), recovery in case of default and any legal ac- tions against the borrower in the past.

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

  • 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 remains on an individual’s credit report for up to seven years and will follow an individual if they move out of Alaska.

  • 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 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.


More Definitions of Negative credit information

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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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 180 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;

  • Alternate Credit Facility means any irrevocable direct pay letter of credit, insurance policy or similar credit enhancement or support facility for the benefit of the Trustee, the terms of which Alternate Credit Facility shall in all respects material to the registered owners of the Bonds be the same (except for the term set forth in such Alternate Credit Facility) as those of the Letter of Credit.

  • Market Information means an electronic document (also available in paper form upon request) located on the Trading Platform which sets out the commercial details for each Market, including but not limited to: Margin Factors, the minimum and maximum Quantity and Our Spread. In the event you elect to use a third party hosting or trading application (for example, MetaTrader), information specific to such third party hosting or trading application located on the Website shall supplement the Market Information; however, to the extent there are any inconsistencies the Market Information will prevail. Note that certain components of Market Information may not be available via a mobile application and must be accessed via desktop.

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

  • Original Applicable Credit Support Percentage With respect to each of the following Classes of Subordinated Certificates, the corresponding percentage described below, as of the Closing Date: Class B-1 % Class B-2 % Class B-3 % Class B-4 % Class B-5 % Class B-6 %

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

  • Cumulative Credit means the sum of (without duplication):

  • 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;

  • Portfolio Information means confidential and proprietary information of the Fund, the Adviser or the Sub-Adviser that is received by a party hereto in connection with this Agreement, and information with regard to the portfolio holdings, investment activity and characteristics of the Fund.

  • 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.

  • Applicable Credit Support Percentage As defined in Section 4.02(e).

  • 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;