Non-performing assets are loans that are at risk of default due to changes in the borrower’s financial situation. Loans exceeding 90 days with no payment are classified as non-performing. Lenders work with borrowers to prevent default. Late payments do not necessarily make a loan non-performing. Lenders classify a loan as non-performing only when the borrower […]
“Bad blood” refers to deteriorated relationships due to perceived or actual injury. It can occur between family, friends, or businesses. It can be carried for years without retaliation. Factors such as money, relationships, and beliefs can cause rifts that poison other relationships. “Bad blood” is a common idiom among English speakers. Typically, the term is […]
Getting a mortgage with bad credit involves assessing financial situation, credit score, and cost of ownership. Borrowers may need to put more money down or participate in additional housing counseling. Pre-approval involves a thorough financial review and may recommend special loan programs. Final approval requires an appraisal and review of financial information. The process for […]
The idiom “bad apple” refers to a person or thing that negatively affects those around them. It comes from the idea that a rotten apple can spoil the rest in a barrel. The phrase is still relevant today and can refer to individuals in a large organization or a person’s negative attitude affecting those around […]
Non-downloadable debt cannot be resolved through bankruptcy and includes student loans, tuition, and alimony. Chapter 7 allows termination of non-bad debt, while Chapter 13 involves a repayment plan. Student loans and alimony must be repaid, while taxes are dischargeable under Chapter 13 but not Chapter 7. Reductions in non-repayable debts are possible through a lawyer. […]
Fixing bad credit history is crucial for buying a car or a house. Paying bills on time, keeping 70% of a credit card open, and checking for incorrect documentation are steps to repair credit history. Bankruptcy, tax liens, foreclosures, and collections can’t be removed, but responsible credit card handling can reverse bad credit history. A […]
Leasing a car with bad credit may mean accepting a higher payment or finding a cosigner, but options are available. Leasing can be advantageous for repairing credit, and a good debt-to-income ratio and substantial savings for a down payment can be more important than good credit. Bad credit can make buying or leasing a new […]
A bad debt write-off is a way to remove uncollectable debt from a company’s accounts receivable and use it as a tax deduction. It can occur when a customer defaults on a balance or files for bankruptcy, but efforts to collect the debt may still continue through collection agencies or debt sales. A bad debt […]
A bad debt reserve is a way to create a bank of funds to offset accumulated bad debt, which occurs when customer invoices remain unpaid. It can be used in receivable factoring, to write off bad debt due to bankruptcy, and to guard against bad debt incidence for small businesses. As a means of minimizing […]
Words have denotation (factual definition) and connotation (emotional and cultural associations). Negative connotations have unpleasant undertones and can depend on individual perception. Writers must be careful with connotation to stir emotions effectively. Word meanings have two parts. The denotation of a word is a factual definition that can be found in a dictionary. Connotation, on […]
Unrecoverable debts can occur due to various reasons, including unexpected circumstances, changes in the market, or fraud. Governments allow tax deductions for such accounts, and some companies opt for credit security guarantees or create reserves to cover such debts. Las cuentas incobrables refer to deudas that cannot be paid or not. All cases of the […]
Loans for people with bad credit are available, but come with higher interest rates. Personal loans without guarantees are risky, so research companies carefully. Guaranteed loans, using property as collateral, are easier to find. Look for reputable agencies and understand the interest rates and payment requirements. Loans with bad credit are those loans obtained by […]
