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In another, a £40,000 high-risk investment was recommended, with the adviser failing to suggest the customer repaid existing debts first.
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Some customers repaid loans with cow's milk.
All of the 100 stoves were sold within 2 weeks, and all of the customers repaid the cost of the stove over a period of four months.
Outstanding mortgage balances at Lloyds fell by £3.7bn as customers repaid home loans while gross new mortgage lending of £35bn was down from £78bn a year ago.
Mr. Peck said the vast majority of Art Capital's customers repaid their loans and were satisfied with the company's services.
The supply of lending contracted by £3.2bn in March as customers repaid more in loans than they took out in new ones, taking the total amount of credit leaving the economy since October 2008 to nearly £100bn.
Santander has been scaling back its mortgage lending in the UK and in the first half its customers repaid more than it granted in new mortgages, resulting in negative net lending of £2.8bn.
The customer was repaid.
However, as the SLC only receives information from HM Revenue and Customs HMRCC) about what customers have repaid once a year – after employers have finalised their annual tax returns – there is a 'time lag' which means thousands of people nearing the end of their repayments overpay, unless they opt for payment by direct debit.
"I believe that this deal will result in Full Tilt's customers being repaid". U.S. players who had money on deposit at Full Tilt when the company collapsed will be able to apply to the Department of Justice to get reimbursed out of the proceeds from the forfeiture.
DealBook » MF Global Trustees Differ Over Amount Customers Will be Repaid | An MF Global trustee damped hopes that customers would recover all of their missing money from the bankrupt brokerage firm, telling lawmakers on Wednesday that a $1.6 billion gap remained.
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