Sentence examples for Contracted debt from inspiring English sources

The department's in-house auditor, the Government Accountability Office and the Consumer Financial Protection Bureau all have separately slammed the department in recent years for either its lackluster oversight or alleged wrongdoing by its contracted debt collectors.

The holdup may hamper distressed borrowers who want to make good on their debts, said consumer advocates, who added that borrowers may continue to be misled by the department's contracted debt collectors.

Heald's owner, Corinthian, secured a federal bailout last year following a deal with the Education Department that called for the company to sell most of its campuses to one of the department's contracted debt collectors.

In a report last week, the Consumer Financial Protection Bureau said a number of the Education Department's contracted debt collectors misled troubled borrowers and obstructed some of them from making payments to get out of default, likely violating federal law.

The Huffington Post reported in November that the Treasury would soon take some student borrowers' accounts away from the Education Department's contracted debt collectors and give them to federal workers in a pilot program that may cut out student loan middlemen.

The Education Department subsequently bailed out the company and brokered a sale of more than half of Corinthian's campuses to ECMC Group, one of the department's contracted debt collectors, in an effort to avoid a collapse that could have forced the department to forgive hundreds of millions of dollars in federal student loans given to Corinthian's students.

Brazil had contracted debts in dollars when interest rates were 3%.

In "Uncle Tom's Cabin," for example, human beings are sold to pay off the rashly contracted debts.

The current atmosphere of calm could still be broken by events in Italy, where the economy is contracting, debt levels are rising and Silvio Berlusconi, the scandal-tainted former prime minister, has threatened to try to reclaim his old office next year.

"Five years ago, when most of Latin America was contracting debt to sell more to China, Mexico stood steady," he said.

Recent decades have seen more and more people contract debts to buy a home, and naturally it's in their interest if house prices continue to scale new heights (read: burst bubble upon bubble).