Sentences with phrase «repeat borrowing»

Avoid the «rollover trap» because a cycle of repeat borrowing will only make your situation worse.

Here's everything you need to know on repeat borrowing, from exactly what it is to what makes it so dangerous.

I wondered: maybe repeat borrowing is not good if the client's business does not continue to grow.

Borrowers who make all of their payments on time and keep their accounts in good standing can improve their loan terms with repeated borrowing.

Cash - strapped consumers run the risk of becoming trapped in repeat borrowing due to triple - digit interest rates, unaffordable repayment terms, and coercive collection tactics made possible by check - holding.

How Repeat Borrowing Works

Repeat borrowing is a common problem for borrowers of short - term loans with high interest rates.

Just like the name suggests, repeat borrowing is when a person borrows multiple times in a row, with each new loan they borrow covering the balance of the previous loan.

The price cap will apply to each loan agreement, and so to repeat borrowing in the same way as for a first loan.