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How to Decode TLV Quickly

In TLV, the format is Tag, Length, and Value. The TLV protocol needs this type of data. Here you will know how to decode TLV data. According to IBM , TLV data is three parts. The tag tells what type of data it is. The length field denotes the length of the value. The Value-field denotes the actual value. Structure of TLV. TLV comprises three field values.  Tag Length Value EMV formulated different tags. They have their meanings. Usually, the Tag and Length together takes 1 to 4 bytes. The Best example for TLV. In the below example, you can find the sample TAG, LENGTH, and VALUE fields. [Tag][Value Length][Value] (ex. " 9F4005F000F0A001 ") where Tag Name =  9F40 Value Length (in bytes) =  05  Value (Hex representation of bytes. Example, "F0" – 1-byte) =  F000F0A001 In the above message, tag 9F40 has some meaning designed by EMV company. Here  you can find a list of EMV Tags. How to read the TLV Tag: 1 or 2 bytes Length: Length of the Value. F0-00-F0-A0-01 ==> 5 By

What is Deferment in Card Payments to Read Today

You are an employee and you are working for a company. You are unable to pay your credit card amount. So you have an option.
deferment in credit cards

What is Deferment? 

It is a temporary suspension of the repayment of a debt. Most creditors will not offer a deferment unless a debtor’s circumstances prevent him from making payments for a temporary period of time.

A debtor, therefore, may need to provide documentation of his circumstances or may need to attest to the truthfulness of the request.

Credit Cards

Credit card companies do not normally provide a deferment as an option. Instead, a debtor who is experiencing a financial hardship, such as unemployment or a decrease in income, may ask the creditor to agree to reduce payment amount.

Many credit card companies offer hardship programs that result in a reduced interest rate and a reduced payment. This may be a short-term plan for one year or less or a long-term arrangement that results in the payoff of the debt within a specific number of years.

Mortgage

A mortgage lender may offer a borrower a deferment, or forbearance. If granted a forbearance, the lender will suspend the borrower’s payments or may allow the borrower to pay a portion of the regular monthly payment.

This is a temporary solution to a borrower’s inability to pay. Most often, this is granted in short-term situations, such as loss of income because of a medical problem or a natural disaster. Fannie Mae, however, allows servicers to suspend or lower an unemployed borrower’s payment for a specific amount of time.

Student Loans

A student loan deferment suspends payments for a specific amount of time. A lender determines the conditions of the deferment, which may include unemployment, disability, returning to college or enlistment in the military.

In some situations, the loan will not accumulate interest while it is in deferment. If a borrower does not qualify for a deferment, he may qualify for a forbearance, which is similar to a deferment but interest will continue to accumulate regardless of whether the loan is subsidized or unsubsidized.

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