sloppy payer

sloppy payer
n.
A person who is careless about paying bills and repaying debts.
Example Citations:
By contrast, there are "sloppy payers," who pay only some bills on time; "abusers," who are defiant about paying; and "distressed borrowers," who simply do not have the means to pay.
—Eric Dash, " Risky Borrowers Find Credit Again, at a Price: http://www.nytimes.com/2010/12/13/business/13credit.html," The New York Times, December 12, 2010
"I think we are seeing some consumer behavior change where people are paying attention to their financial situation, keeping an eye on keeping their [credit] score intact," said Christopher Brendler, an analyst at Stifel Nicolaus. "Credit card [companies] make a lot of money on sloppy payers, people who pay you but pay you late. The worst case for credit card companies is when everyone who pays you late charges off."
—Jonathan Starkey, " Capital One Copes as Clients Kick Habits: http://www.washingtonpost.com/wp-dyn/content/article/2009/08/09/AR2009080902095.html," The Washington Post, August 10, 2009
Earliest Citation:
Early payment delinquencies and other types of accounts viewed as most likely to go seriously delinquent must be pursued aggressively, while customers who are routinely "sloppy payers" likely require little or no expensive collection activity.
—Andrew J. Jaske, "Managing mortgage credit risk," Mortgage Banking, May 1, 1997
Notes:
Here's a slightly older citation that references a country instead of a person:
Other observers are less positive, noting laws are rarely implemented properly, state corruption is endemic and Kazakhstan is proving to be a sloppy payer of foreign debts.
—Douglas Busvine, "Kazakhstan to vote for strong presidential rule," Reuters News, August 27. 1995
Related Words: Categories:
I will have to use this, as the Word OF The Day, in our next meeting! Thanks, Rebecca Gold

New words. 2013.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • Money — 419 scam affluenza alpha boomer alpha earner appraisal mill bad debt art bid shielding BIY …   New words

  • People — 99er adultescent agritourist alpha earner alpha geek alpha girl alpha pup altruistic donor …   New words

  • bad-debt art — (BAD det art) n. Art that is sold cheaply or donated because the owner is deeply in debt. Also: bad debt art, Bad Debt Art. Example Citations: Painted just a few weeks before he died a picture of the doctor who couldn t cure him Van Gogh s… …   New words

  • debt porn — n. Stories related to people who run up massive amounts of debt. Also: debt pornography. Example Citation: If Double Down and 24/7 are more exciting reads, it s mostly because the stakes are higher. Both books have the thrilling appeal of debt… …   New words

  • fiscalamity — (fis.kuh.LAM.uh.tee) n. Dire financial or economic distress created by fiscal mismanagement. Example Citation: Not only did soaring debt and deficits guarantee that the NDP would be a one term government, but the resulting fiscal crisis so… …   New words

  • homedebtor — n. A homeowner with an extremely large mortgage, particularly one that he or she is unlikely to ever pay off. Example Citations: In these places, accepting a government bailout that pays them, say, 90 percent of the value of the house to keep… …   New words

  • jingle mail — n. The practice of abandoning one s house and mailing the keys back to the creditor because the mortgage is worth more than the house itself. jingle mailer n. Example Citations: Making it harder for people to discharge their credit card debts has …   New words

  • liar loan — n. A loan or mortgage provided without requiring documentation from the borrower. Example Citations: Last year almost forty per cent of subprime borrowers were able to get liar loans mortgages that borrowers can get simply by stating their income …   New words

  • ninja loan — n. A loan or mortgage given to a person who has no income, no job, and no assets. Also: NINJA loan. [From the phrase, No Income, No Job or Assets.] Example Citations: It s not as though the absurd excesses of the mortgage market were some big… …   New words

  • peak debt — n. In an economy or household, the point at which the costs to service increasing debts become so high relative to income that no more debt can be taken on, so consumption plummets. Example Citations: A corollary, peak debt, was coined in 2006 by …   New words

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”