Sentences with phrase «vast debt default»
The idea is otherworldly and has no possible chance of being enacted, because it would cause a vast debt default as a result of plunging prices, incomes and employment.
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The risks: Despite some high - profile municipal bond defaults, such as the 1994 default by California's Orange County, the vast majority of state and local bond issuers repay their debts as promised.
If you defaulted on student loans that you took out from a private lender, such as Sallie Mae, Navient, National Collegiate Student Loan Trust, then they will use their vast debt collection resources and teams of attorneys to sue you to collect the debt.