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What is an account in arrears?

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May 9, 2019 by   admin

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   admin

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 […]