Sentences with phrase «financial default often»

Financial default often requires meeting additional conditions such as purchasing within an advantage period from the date of first deposit (usually 14 — 21 days) and most have a 14 day waiting period from the time insurance is purchased.

Not exact matches

And while federal loans come with their own set of challenges and risks, all 1.37 million private loan borrowers are often subject to fewer protections and less flexible repayment plans than those offered under federal loan agreements.Less accommodating repayment options and more rigid terms can quickly lead to private student loan defaults, which is a dangerous financial place to be.

While federal student loans provide for some repayment flexibility for borrowers in financial straits, once in default, garnishment of wages, tax refunds and even Social Security payments are often the consequences.

And while federal loans come with their own set of challenges and risks, all 1.37 million private loan borrowers are often subject to fewer protections and less flexible repayment plans than those offered under federal loan agreements.Less accommodating repayment options and more rigid terms can quickly lead to private student loan defaults, which is a dangerous financial place to be.

When people with million - dollar properties default on home loans, they often continue to have access to other financial resources and investments.

To ensure that lenders are treating consumers fairly and extending loans that they expect will be repaid, regulators and analysts often rely on public financial disclosures about loan down payments, delinquencies, defaults and foreclosures.

Lenders are often more willing to lend higher sums to consumers if the loan is secured by collateral because they have something tangible to repossess or foreclose on if the borrower defaults, according to Andrew Chan, a financial adviser at Locker Financial Services, LLC in Little Falls, N.J. Because this is a lower risk for lenders, they may also be more willing to forgive lower credifinancial adviser at Locker Financial Services, LLC in Little Falls, N.J. Because this is a lower risk for lenders, they may also be more willing to forgive lower crediFinancial Services, LLC in Little Falls, N.J. Because this is a lower risk for lenders, they may also be more willing to forgive lower credit scores.

The Consumer Financial Protection Bureau this week issued an urgent warning to the public about the dangers posed by auto - defaults, the industry - wide practice of lenders placing borrowers» private student loans into default simply because the borrower's co-signer — often a parent or grandparent — had died or declared bankruptcy.