Sentence examples for cycle of borrowing from inspiring English sources

According to the study, three-quarters of the industry's loans are generated from borrowers caught in this endless cycle of borrowing again before the next paycheck.

The next government must complete this review and help break this endless cycle of borrowing.

The rules, which are now open to public comment, aim to crack down on lending practices that have been shown to target low-income individuals and ensnare them in a cycle of borrowing at inflated rates.

The CFPB says it still expects more than 90percentt of payday borrowers to be able to obtain a loan, but it has been highly critical of the industry, which the agency says profits from trapping cash-strapped workers in a vicious cycle of borrowing.

"For the financial industry, that increasing wealth from middle-class homeowners was an attractive target; if they could trap families in a cycle of borrowing every three years or so, then a lot of increased wealth in their homes would end up in the financial sector rather than with those families".

I used a cycle of borrowing money from (and against) savings and repaying with interest to consolidate debt, redirect interest I was paying to lenders back to myself, and ratchet my savings up to over 50% of my income.

The aim of both rule types is to prevent debt traps, in which borrowers get stuck in a devolving cycle of more borrowing to pay off debt.

The main pitfall associated with home-equity loans is that they sometimes seem to be an easy solution for a borrower who may have fallen into a perpetual cycle of spending, borrowing, spending and sinking deeper into debt.

Recognizing Pitfalls The main pitfall associated with home-equity loans is that they sometimes seem to be an easy solution for a borrower who may have fallen into a perpetual cycle of spending, borrowing, spending and sinking deeper into debt.

The International Monetary Fund says that "fiscal consolidation"—IMFese for tax increases is needed if the government is to meet over the next economic cycle its "golden rule" of borrowing only to invest.

What we at the StepChange debt charity have seen over the last few years is that payday loans are a highly destructive form of credit that traps people in downward cycles of borrowing, and which often serves to make them even more financially vulnerable.