Question

At 90 days past due, what happens to all CH accounts associated with a MA?

Answer 1

When a CH account associated with a MA reaches 90 days past due, it can be sent to collections, negatively affect the account holder's credit score, and may result in legal action by the lender.

Step-by-step explanation:

When a CH account associated with a MA (Maturity Account) reaches 90 days past due, several actions can occur:

1. The account may be sent to a collections agency, which will attempt to collect the outstanding balance.
2. The account holder's credit score may be negatively affected, as delinquent payments are reported to credit bureaus.
3. The lender may take legal action against the account holder, such as filing a lawsuit or obtaining a judgment against them.

It is important for account holders to make timely payments to avoid these consequences and maintain a good credit history.