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  • When is pst due
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    What It Means to Be Past Due on a Loan, Plus Consequences

    What Does Past Due Mean?

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  • What is pst
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  • "Past due" refers to a payment that has not been made by its cutoff time at the end of its due date. A borrower who is past due will usually face some penalties and can be subject to late fees. Failure to repay a loan on time usually has negative implications for a borrower's credit status and may cause loan terms to be permanently adjusted.

    Key Takeaways

    • "Past due" refers to payments that have not been made by the cutoff time on the due date for any financial obligation.
    • Any type of contractual payment agreement can have provisions for missed payments, such as credit cards, auto loans, student loans, mortgages, invoices with suppliers, and more.
    • Credit is one area where past-due penalties are prominent and damaging to an individual's credit profile, hampering their ability to borrow in the future.

    Understanding Past Due

    Past-due status can occur on any type of payment that has not been paid by the cutoff time on its specified due date.

    Payments past due are usually

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