Your English writing platform
Free sign upExact(3)
More companies now have clawback provisions, so bonuses can be repossessed if a company subsequently underperforms.
A 1986 state law exempted rent-to-own companies from small-loan usury caps; and under the law, because the stores retain legal title to rented items until the final payment is made, the product can be repossessed if a payment is missed.
For example, if a friend's car payment is due and their car is about to be repossessed if a payment isn't made, you could loan the money for a temporary fix, but how possible is it that you'll end up in the same position in the next couple months.
Similar(56)
Far from tugging at the nation's heartstrings, its festive offering is as cheery as a reminder that your house may be repossessed if you don't keep up your mortgage repayments.
However, interest rates are often in excess of 500% APR, so costs quickly add up – and because lending is secured, cars can be repossessed if payments are missed.
SD A The difference between Hire Purchase (HP) and a personal loan is that the car would be security against the debt with HP so it could, in certain circumstances, be repossessed if you defaulted on the payments.
The downside of remortgaging is that your home could be repossessed if you get into financial problems and can't pay the mortgage, whereas this would not be the case with a personal loan.
Land Registry data can also tell you about any charges on the property – these are loans, including mortgages, where the building is used as security and can be repossessed if payments are missed.
The FCA said the risk warnings to be attached to adverts would be similar to those used by mortgage lenders, which remind borrowers that their home may be repossessed if they fall behind with payments.
Beware when you rent to own that the merchandise will be repossessed if you do not make timely payments and that you will forfeit any and all money you already paid toward the item.
If you're buying a car, your bad credit may not be a terrible hindrance to getting a good loan because the term of the loan is short and the car itself is essentially collateral (it can be repossessed if you fail to make payments).
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.
Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com