Sentences with phrase «loan defaulters in»

The federal government has already taken a tough stance on defaulters in recent years, with debt collectors earning $ 1 billion in commissions for tracking down federal - student - loan defaulters in 2011, according to Bloomberg.

Not exact matches

Eleven percent of all higher - education students are enrolled in for - profits, but they receive 26 percent of federal student loans and account for 43 percent of defaulters.

This means that in the case of defaulters, the car is repossessed and sold to offset the loan amount and accrued interest.

Receiving a student loan with bad credit means that lenders have ignored the risk involved in lending to bad credit borrowers, and have left themselves exposed to defaulters.

Private lenders might also report on customers to the credit bureaus in a bid to help other lenders avoid serial defaulters but they will not turn down loan requests due to bad credit.

But a TransUnion report in 2011, Life after Foreclosure and Hidden Opportunities, said «life event» defaulters who missed loan payments during the recession «are otherwise good credit risks,» whose short - term woes were not symbolic of some larger economic flaw.

The government sponsored enterprise (GSE), which has been under government conservatorship since 2008, announced that strategic defaulters «who walk - away and had the capacity to pay or did not complete a workout alternative in good faith will be ineligible for a new Fannie Mae - backed mortgage loan for a period of seven years from the date of foreclosure.

In many cases defaulters go for years with unpaid loans without the government coming after them.

In almost every case, the median loan defaulter owed thousands of dollars less than their peers who did not default.

Of the 55 percent of defaulters who resolved their most recently defaulted loans, almost one - half did so by paying off the debt — a solution that could require them to pay large amounts in collection costs.

Defaulters of personal loan results in a low credit rating and also lands you in a legal battle with the lender.

Our law firm is very successfully providing legal services for recovery of bad debts and loan by initiating civil and criminal proceeding against defaulters in very vigilant and aggressive manner.

A collections officer collects outstanding payments from loan defaulters and others in accordance with laws and regulations.