0
Failure to pay a debt means that under the terms and conditions of the credit, the payment was not made on time or at all. Usually after 90 days of no activity (that is, no payments), then this establishes failure to pay a debt.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Definition of primary promise?
promise to pay another's debt that is not conditioned upon the other person's failure to pay promise to pay another's debt that is not conditioned upon the other person's failure to pay
What has affected Greece?
Debt, endemic corruption (failure to pay taxes due) and a inadequate politiacal system.
What is Barack Obama's biggest failure as president?
The failure to solve debt.
Can you use a judgment that you own to pay a debt to the debtor of that judgment?
In the Bible it says, "Let he who without sin cast the first stone." So whomever that may pass judgment be in debt to those who prove them wrong. So you may only pay off the debt of judgment if the person(s) judgment of you has been in turn, forgotten.
Will your spouse have to pay for your debt if you stop paying on it?
If your spouse co-signed the debt, they will have to pay your debt. In most cases, the answer will be no, it is your debt and you are responsible.
This refers to the outcomes of court actions such as judgments to pay a debt?
The term for the outcomes of court actions like judgments to pay a debt is typically called a "court order." It is a legal mandate issued by a judge that requires a party to perform a specific act, such as paying a debt or compensating for damages. Failure to comply with a court order can result in legal consequences.
Can a family member buy the house that is in a reverse mortgage?
Only if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgage
What is a bad debt?
A bad debt is a debt which cannot be recovered from the debtor, either because he does not have the money to pay it or because he cannot be found and/or forced to pay.
What does the cowboy slang 'flat-out' mean?
Flat Out - To collapse, to prove a failure.
What do you do if your parents think you are a complete failure?
You either prove to your parents that you're not a complete failure, or just accept that you are.
How can one pay your credit card debt?
The best way a person can pay their credit card debt is by getting a job to earn money to pay off the debt. By being wise about how their money is spent, a person can begin to pay off the debt without creating more.
What is a sentence with the word debt in it?
You should always pay your Debts. Japan is in great Debt.
