Sentence examples for car borrowers from inspiring English sources

Just as people must obtain a driver's license before driving a car, borrowers must obtain a regulatory license before borrowing money.

The average car title borrower renews the loan eight times, paying $2,142 in interest for $951 in credit.

NEW YORK TIMES   Zipcar Invests in Car-Sharing Company  |  Zipcar has led a $13.7 million funding round in a company that uses a business model similar to its own: Wheelz, a service that matches cars with borrowers, AllThingsD reports.

SAVING the consumer money is the heart of the lender's pitch, of course, a pitch often directed to the names in commercial databases of recent car-loan borrowers.

Consumers also benefit: homeowners, credit card borrowers, students and car buyers gain access to more widely available credit and lower interest rates.

In recent years, he's voted for everything from subsidizing risky Wall Street derivatives trades to helping car dealerships charge borrowers of color higher prices.

The loans are secured by the titles to the borrowers' cars.

That encouraged banks to take bigger risks since they would assume ownership of a more valuable car if a borrower defaulted.

To be covered by the rule, an installment loan must carry a rate higher than 36percentt, including fees and insurance charges, and either promptly take the borrower's car title as collateral or gain access to the borrower's bank account to collect payment.

Sara Williams, a Citizens Advice adviser, says other forms of high cost credit such as "logbook loans" (money secured against the borrower's car), guarantor loans and doorstep lending can be just as problematic for the borrower.

But what if a borrower's car breaks down or the home heating system stops working?