Lenders know this, so they generally are willing to accept a lower interest rate payment on the loan knowing that the borrower has a big incentive to repay it. (debt.org)
The reality of a bankruptcy is it will limit you to high - interest lenders that will squeeze out high interest rate payments from you for years. (joescreditrepair.com)
Their return on the investment in the $ 100 above what they paid, plus the same interest rate payment ($ 50 per year) as was originally agreed. (maximizeyourmoney.com)