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His family gave 10 percent of its income to charity, exercised daily and paid debts on time.
Unlike most other payday lenders, Oakam shares data with credit reference agencies meaning people who repay their debts on time will see their credit rating improve.
In late 2009 the government-run investment company Dubai World announced that it would be unable to repay its debts on time.
"Simply paying all your debts on time could bring your score up to a reasonable range in nine months," Ms. Davies said.
To begin with, the rescue of Greece was a botch: it fudged the obvious issue that Greece will never fully be able to repay its debts on time.
Nonetheless, federal prosecutors say they have a tape of Mr. Casale describing to the restaurateur exactly how he treats people who fail to pay their debts on time.
Similar(38)
In good times and bad, the world's financial system has long been able to rely on one thing: that the United States government would pay back its debt on time.
If you fail to redeem the debt on time you get nationalized.
As a consequence, by 1989 the Soviets could no longer service their hard currency debt on time.
At the same time, asset managers and banks began taking steps to be ready if the Treasury Department is unable to pay back its short-term debt on time.
They have largely remained confident that the government will pay back its longer-term debt on time, keeping the prices of those bonds stable.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com