Student loans have the problem in that the collateral is your personal earnings, so it really can take a bigger
toll on borrowers.
This is attributed to the changing lending environment as well as tough economic times taking
their toll on borrowers» credit scores.
Not exact matches
On March 22, 2010, the privately owned
toll road operator and TIFIA
borrower, SBX LP, applied for reorganization under Chapter 11 of the U.S. Bankruptcy Code.
The TIFIA loan is also secured by a mortgage
on the
Borrower's leasehold interest in the real estate underlying the
toll road right of way.
Beyond the financial
toll it can take
on borrowers, getting out of it can be a hard and confusing process.