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What is an account in arrears?

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May 9, 2019 by   Zoe Stabler

Put quite simply, if you have an “account in arrears”, it means that at least one payment is overdue. You’ll know how many payments are […]

What does it mean if I default on an account?

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by   Zoe Stabler

If you do not pay arrears on an account, the lender considers you to have “defaulted”. What will happen is this: The lender cancels the […]