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Failure to pay off a bank loan or trade credit incurs a variable default cost.
Military clients have been victims of " 'bait-and-switch' financing, falsification of loan applications or other documents, failure to pay off liens on trade-in vehicles, 'packing' loans with items whose price tag bears little or no relationship to their actual cost or value, and discriminatory lending," among other schemes, Mr. Stanley said.
Mr. Stanley reached that conclusion, he wrote, after an internal survey of domestic military bases revealed cases of " 'bait and switch' financing, falsification of loan applications or other documents, failure to pay off liens on trade-in vehicles, 'packing' loans with items whose price tag bears little or no relationship to their actual cost or value, and discriminatory lending".
Similar(57)
In Karnataka, the law states that if a farmer has taken their own life because of crop failure or an inability to pay off a debt, the loan will be cancelled.
Isn't it a little too easy to celebrate the risk of failure when, in your case, it happened to pay off so handsomely?
The fund, the Life Insurance Policyholders Protection Corporation of Japan, uses money from life insurers and the government to pay off policyholders, but the failure of several large life insurance companies has drained almost all the money from the fund.
Investments in green energy technologies will inevitably result in failures, and even those investments that are successful cannot be expected to pay off for a long time.
"It's all starting to pay off".
We had to pay off customs.
I hope to pay off my mortgage".
It needs to pay off that loan".
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CEO of Professional Science Editing for Scientists @ prosciediting.com