Sentences with phrase «other borrowers facing»
Not exact matches
On the other hand, borrowers with delinquencies or defaults in their past could face additional scrutiny when applying for a mortgage loan.
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A high ratio means borrower faces a greater burden repaying debts and difficulty accessing other financing options.
To some extent, the lenders are being fair because with bad credit loans they face an added degree of risk due to the borrower's credit history or other circumstances.
Faced with a 546 % interest rate some potential borrowers may be encouraged to look for other options before falling into the payday loan trap.
It also doesn't offer benefits like deferment and forbearance to borrowers who lose their jobs or face other types of financial hardship.
Without payday loans these borrowers could face late fees, overdraft fees, and many other consequences.
Recent graduates and other student loan borrowers entering or already in repayment may be facing many years of repaying high - interest student loans.
Private student loan borrowers may have complained more due to private lenders» limited repayment plans and options for those who are facing hardship, among other reasons.
The stakes are high — Some borrowers are facing costly delays in getting out of default, others may be inadvertently kicked out of IBR or other programs due to operational breakdowns.
The problem that many borrowers will face as they try to sell their homes short and claim relief under the Act is that they obtained «cash - out» refinancing and applied that cash to items other than their home.
This length of time applies to self - employed borrowers as well, though they might face additional scrutiny in other areas.
Because these loans are easy to obtain, borrowers may be tempted to borrow repeatedly from payday lenders or several other sources when faced with cash crises.
DRB provides unemployment assistance in the form of a short - term forbearance should borrowers become unemployed or face other economic hardships.
The CFPB said that since July 2011, when it began operations, tens of thousands of borrowers have filed complaints with Navient, the agency and other government agencies about the obstacles they faced in repaying federal and private student loans serviced by Navient.
If a borrower loses his or her job or face some other form of economic hardship, Laurel Road will allow for partial to full forbearance of payments for up to a year.
And of course by that time these lawyers and others, these borrowers can face debt loads as we mentioned before that are far higher than the amount they originally borrowed, because of all the money that they had to borrow to go to law school, and we're putting these young lawyers and their futures into financial peril if they are found at the end of 10 years to be ineligible when they had every reason to believe they had been eligible.
On the other hand, borrowers with delinquencies or defaults in their past could face additional scrutiny when applying for a mortgage loan.
This length of time applies to self - employed borrowers as well, though they might face additional scrutiny in other areas.