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What does M5 stand for on credit report?
M5 on a credit report indicates a payment status code that signifies a mortgage account is currently in a "payment deferred" status, meaning that the borrower is not required to make payments for a specific period. This status can occur due to various reasons, such as temporary financial hardship or loan modifications. It's important to understand how this status may affect creditworthiness and future lending decisions.
What situation would result in a credit card issuer charging a late payment fee?
A credit card issuer typically charges a late payment fee when a cardholder fails to make the minimum payment by the due date specified on their billing statement. This can occur if the payment is not received by the issuer, whether due to mailing delays or if the payment was made online after the cut-off time. Consistently missing payment deadlines can also lead to increased fees and potentially higher interest rates.
Why did the car dealership run my credit 7 times?
The car dealership ran your credit 7 times to check your creditworthiness and determine the best financing options for you. Multiple inquiries may occur if you are shopping for the best loan rates within a short period.
How often does your credit score goes up?
Your credit score can fluctuate frequently, often changing monthly or even weekly, depending on various factors such as your credit utilization, payment history, and new credit inquiries. Regularly monitoring your credit report and making timely payments can help improve your score over time. However, significant changes usually occur after major financial events, like paying off a loan or reducing credit card balances. To see consistent upward movement, it's essential to maintain good credit habits.
What is letters of credits?
Letters of credit is a binding document that a buyer can request from his bank in order to guarantee that the payment of goods will be transferred to the seller. Basically, a letter of credit gives the seller reassurance that he will receive the payment for the goods. In order for the payment to occur, the seller has to present the bank with the necessary shipping documents confirming the shipment of goods within a given time frame. It is often used in international trade to eliminate risks such as unfamiliarity with the foreign country, customs, or political instability.
What is the best definition of the word epoch?
a particular period of time marked by distinctive features, events, etc.: The treaty ushered in an epoch of peace and good will.~I do not plagerize~ ~Credit to Dictionary.com~
Did the renaissance period occur after the medieval period?
yes
Why did the car dealership run my credit 7 times?
The car dealership ran your credit 7 times to check your creditworthiness and determine the best financing options for you. Multiple inquiries may occur if you are shopping for the best loan rates within a short period.
Did the Medieval Period occur before the Baroque Period?
yes.
What is heterozygouse and when does it occur?
I'll be expecting payment!!! =] Nt really =p
When did your time period occur?
eeeweeddddd
What changes occur from the pre adolescene period to adolescene period?
prenatal
The number of births that occur in a period of time in a given area?
A birth rate is a number of births that occur in a period of time in a given area.
When did the Classical Period occur?
700b.C- 200a.d
How often does a period occur?
About once a month
Can pregnancy occur without period?
YES!
What is recurring payment mean?
A recurring payment is a payment made over and over, such as a house payment, car payment or electric bill, etc. that come due monthly or bimonthly etc.
