If you have a low score, it means that you probably had missed payments, late payments, or gone into
default on debt in the past.
Last Thursday, the Macdonald - Laurier Institute released a report warning Canadians that several provinces have a high probability
of defaulting on their debt payments over the next 20 years (although they acknowledged that the risk of default for all provinces over the next 5 to 10 years was essentially zero).
Moreover, as the one faction in Congress willing to see the U.S.
government default on its debt, they have greater influence than their numbers would suggest.
Today, the city's past hardships have a silver lining as the city is popular for its classic architecture, which would have been mostly removed if the city
defaulted on its debt like so many other cities did.
The geopolitical risks that have been swirling around the globe this year are as bad, or worse, than the prospect of
Greece defaulting on its debt, and yet, the European debt crisis regularly pummelled markets.
After pinching pennies to avoid a
U.S. default on debts in July, U.S. Treasury Secretary Tim Geithner now insists Uncle Sam will have to break its obligations to creditors in August unless the federal government's debt ceiling is raised.
Sure, there's interest charges, but those are offset significantly by the cost of borrowing money, and by
people defaulting on their debt / entering bankruptcy.
Washington (CNN)-- A back - up plan proposed by Senate Republican Leader Mitch McConnell that would keep the U.S. government
from defaulting on its debts next month is viable and under consideration by Senate Democrats, according to Sen. Dick Durbin, the No. 2 Democrat in the chamber.
Ultimately, it might look more like a balloon slowly deflating, if a large portion of college graduates decide to strategically
default on their debt over time.
That alone will require the IMF to withdraw, because the terms of its Articles of Agreement prevent it from lending to countries that unilaterally
default on debts owed to official institutions.
Today, the city's past hardships have a silver lining as the city is popular for its classic architecture, which would have been mostly removed if the
city defaulted on its debt like so many other cities did.
CNBC's John Harwood with a look at JP Morgan Chase CEO Jamie Dimon and today's speech at the US Chamber of Commerce event, where he criticized the extent of Dodd - Frank regulation and the possibility the U.S. may
default on its debt by not raising the debt limit.
While a U.S. judge awarded the holdouts $ 1.7 billion in a ruling, Argentina decided to
default on its debt again in 2014 rather than pay them.
She may not want to try this option if she intends to apply for a mortgage or other credit in the future,
because defaulting on a debt won't do her credit score any favors.
On the contrary, foreign investors are encouraged to participate in the system of thievery because it is exceptionally profitable and because foreign governments will step in to assure the African countries do not
default on debt repayments (this paradox is what economists call «asymmetric risk»).
Individuals with lower risk appetites may want to look at these funds since all Treasury securities are backed by the full faith and credit of the U.S. government, which has
never defaulted on its debt payments.
If the
US defaults on its debt, the world crisis will be inevitable, so all other currencies will quickly fall against dollar.
The ratings they assign, essentially risk assessments, determine the credit strength of companies and assess their risk
for defaulting on their debt obligations.
In some cases, lenders require a «personal guarantee» from small business owners — a written promise that the borrower's personal assets can be seized if the
company defaults on their debts.
The troubled drugmaker filed its 2015 financial report in late April, allaying concerns about a
possible default on its debt of more than $ 30 billion.
«He's walked back his comments
on defaulting on debt — but the fact that they even trickled out of this mouth shows that he's a f — ing idiot when it comes to macroeconomics,» he added, one of several lines that got laughter and applause.
Among the 28 U.S. companies that
defaulted on their debt through May this year, 11 were energy firms with $ 3.5 billion in outstanding obligations, according to Fitch Ratings Ltd..
That debt level is substantially lower than at the start of the year, when the company's C$ 2.1 billion in outstanding debt had it teetering on the brink of
defaulting on its debt covenants.
Tsipras is seeking to assuage the left flank of his party — some of whom want Greece to
default on its debt altogether — by focusing on tax increases for companies and high - income individuals instead of spending cuts.