Sentences with phrase «number of borrowers because»

The Debt Snowball, from a numbers perspective, is going to cost you more money, however the snowball method works for a large number of borrowers because of the added incentive people often get to keep paying off debt when those smaller loans and cards get paid off.

Not exact matches

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

According to the CFPB, the number of borrowers age 65 or older who had their Social Security benefits seized — or «offset,» as it's called — because of defaulted student loans increased from 8,700 to 40,000 between 2005 and 2015.

That said, there will still be some refinancing, because even with today's higher rates, large numbers of borrowers can still get a financial advantage.

Using 438 borrows (June's number of borrows) as the benchmark, I'd need only 1 out of every 7.5 KU borrowers to choose to buy the book over passing on it because it's not in KU.

That said, there will still be some refinancing, because even with today's higher rates, large numbers of borrowers can still get a financial advantage.

In other words, the delinquency percentage is down not because we have fewer borrowers making late payments or no payments but because the universe of loans is growing faster than the number of delinquent borrowers.

FHA Offers More Than Low Down Payments Sure, there are a number of borrowers who prefer FHA loans simply because of the low down payments.

Because of the competitive rates that are available through VA - approved lenders, these types of loans can provide a number of different benefits for borrowers.

Because online lenders have less overhead as compared to the number of borrowers that they service, they may offer you a reduced rate of interest on your dental loan, making your dental work cost less.

According to the CFPB, the number of borrowers age 65 or older who had their Social Security benefits seized — or «offset,» as it's called — because of defaulted student loans increased from 8,700 to 40,000 between 2005 and 2015.

Because a small number of borrowers account for the majority of dollars in default, changes targeted at a small number of individuals and institutions could have large implications for taxpayers and the students involved, helping to keep borrowing to levels borrowers can realistically repay and to reduce costs of these programs for taxpayers.

Note: we did not break up these servicers because we only had data for the number of borrowers for the group as a whole.

The second alternative would increase by 25 percent the number of payments that affected borrowers made — and because income tends to increase with experience, it would probably boost the sums that they repaid by an even larger percentage.

We could only use federal student loans because we are unable to find out the number of borrowers each servicer deals with for private student loans.

21) Buffett notes that a decent number of borrowers that lost their homes did well in the crisis, because of all the money they extracted from loans.

Loans typically default because of one of the 5 Ds, and modifying terms is adequate to help a small number of the borrowers.

«A lot of borrowers have had to cease business operations because of the disaster, and travel warnings issued by foreign governments have reduced the number of tourist arrivals,» OJK chairman Wimboh Santoso said in a statement on Sunday.

An increasing number of student loan borrowers are trying to get their student debt canceled because they were «deceived by colleges,» The Wall Street Journal reports.

Prices are rising because the number of foreclosures is declining and underwater borrowers are...

The holiday adjusted numbers may overstate the level of refinance applications because some lenders who rely primarily on the internet / consumer direct channel for originations saw little if any decline in applications for Labor Day as compared with the drops for lenders relying on retail offices, perhaps because borrowers had additional time over the Labor Day weekend to complete online refinance applications.

This is because a greater number of lenders are willing to take a chance with borrowers today that they once turned down for home loans.

Because qualification requirements can vary with the purpose of the loan and type of property, there are a number of other situations where borrowers can only qualify for an FHA.