When there is a chain of parties
relying on debt repayment, like a set of dominoes, the system is fragile; one little jolt could change things for many.
Not exact matches
If your only significant
debts are government guaranteed student loans, you will have to
rely on the government's
Repayment Assistance Plan (RAP) for relief.
What if I am in
debt, and most of my economic contacts are in
debt, and many of our assets
rely on the
repayment of
debt that is coming from assets with impaired prospects?
Unsecured credit card
debt consolidation loans do not require any collateral and instead the lenders
rely on repayment capacity of the loan seeker.
But even if we had the data, adopting this suggestion would have the perverse effect of overstating the performance of a program where, absent adequate employment, many students who completed the program have to
rely on the
debt relief provided by income - driven
repayment plans — an outcome that belies the purpose of these regulations.