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  2. Clear an outstanding balance on an inactive account - AOL Help

    help.aol.com/articles/mailing-address-to-clear...

    • A check or money order to cover the balance. If you don't remember your username, include as much as you can such as: • Your account number • Your cancellation or confirmation number • The daytime phone number you provided when you registered with us. Please send the requested information to: AOL Inc. Billing Operations & Services

  3. How to write a letter of explanation for a mortgage - AOL

    www.aol.com/finance/write-letter-explanation...

    The letter of explanation addresses red flags that might derail your approval: why you were unemployed for a period of time or why there’s an unpaid balance on your credit report. Not every ...

  4. 4 Tips to Minimize Damage After a Late Payment - AOL

    www.aol.com/lifestyle/4-tips-minimize-damage...

    For instance, if your card has a $10,000 available credit limit and your balance is $8,000, you have an 80% credit utilization ($8,000 / $10,000 = 0.80), which is too high.

  5. Missing mortgage payments: How many can I miss before ...

    www.aol.com/finance/missing-mortgage-payments...

    Credit score. Missed mortgage payments. Damage to score. 793. 1 (30 days past-due) 63-83 points. 710. 1 (30 days past-due) 45-65 points. 607. 1 (30 days past-due)

  6. Dunning (process) - Wikipedia

    en.wikipedia.org/wiki/Dunning_(process)

    Sample dunning record, from a 1913 business manual. Dunning is the process of methodically communicating with customers to ensure the collection of accounts receivable . Communications progress from gentle reminders to threatening letters and phone calls and more or less intimidating location visits as accounts become more overdue .

  7. Unpaid principal balance - Wikipedia

    en.wikipedia.org/wiki/Unpaid_principal_balance

    Unpaid principal balance (UPB) is the portion of a loan (e.g. a mortgage loan) at a certain point in time that has not yet been remitted to the lender. [1]For a typical consumer loan such as a home mortgage or automobile loan, the original unpaid principal balance is the amount borrowed, and therefore the amount the borrower owes the lender on the origination date of the loan.

  8. Accounts receivable - Wikipedia

    en.wikipedia.org/wiki/Accounts_receivable

    Accounts receivable represents money owed by entities to the firm on the sale of products or services on credit. In most business entities, accounts receivable is typically executed by generating an invoice and either mailing or electronically delivering it to the customer, who, in turn, must pay it within an established timeframe, called credit terms [citation needed] or payment terms.

  9. What happens if I default on an installment loan? - AOL

    www.aol.com/finance/happens-default-installment...

    If your debt is outstanding for a long period of time, the lender may send the balance to a debt collection agency. This can result in regular phone calls, letters and emails from the agency in an ...