Sentences with phrase «unaffordable payments»
"Unaffordable payments" refers to payment amounts that a person or household cannot comfortably afford to pay. It implies that the cost of the payments exceeds their financial means and could impose a strain or difficulty to meet. Full definition
As Google reps reported, «Research has shown that these loans can result in unaffordable payment and high default rates for users.»
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Borrowers would no longer have to worry about paperwork deadlines, eliminating their risk of suddenly facing unaffordable payments.
NCLC attorneys said that borrowers with unaffordable payments have described how difficult it is to work out any kind of payment plan with private lenders (federal student loans, in contrast, offer a number of repayment and reinstatement options).
«Borrowers who do not report an accurate family size risk an inaccurate and potentially unaffordable payment.
The deferments and delays in paying take away the pressure of making unaffordable payments right now but it also inflates the balance due.
A Chapter 13 bankruptcy would protect you from harassment and unaffordable payments for up to five years.
Mortgage lenders can offer services to persons who are facing unaffordable payments.
Even the townhouse wasn't purchased the traditional way for young folks — with no down payment and unaffordable payments.
Beginning in July, Google will ban lenders that charge annual percentage rates higher than 36 %, since «these loans can result in unaffordable payment and high default rates for users.»
Pew's analysis of the initial proposal recommends a stronger ability - to - repay standard in the CFPB rule and clearer guidelines to prevent unreasonable loan durations, unaffordable payments, and lender abuse of checking account access.