These loans, also known as auto equity loans, can then be used to pay off other outstanding debts at higher interest rates, such as credit cards. (badcreditloanservices.com)
Yes, your family benefits from having a mortgage - free home, but it won't leave them with any cash to use for other outstanding debts and immediate living expenses. (protective.com)
The public interest in the story was fuelled in no small part by its iconic status, but also the $ 270 - million pension deficit that is unlikely to be fully serviced in light of other outstanding debts. (slaw.ca)