Sentence examples for default on credit from inspiring English sources

Beyond that, studies have shown that payday-loan customers are more likely than others to default on credit card debt, file for bankruptcy protection or lose bank accounts for abusing overdraft policies.

Not surprisingly, payday borrowers are more likely than others to default on credit card debt, to file for bankruptcy or to lose their bank accounts because of abuse of overdraft privileges.

That's bad news for blue-collar and low-income payday borrowers, who are more likely to default on credit card debt, to declare bankruptcy and to lose their bank accounts for abusing overdraft protections.

If the U.S. defaults on its borrowings Aug. 2 for the first time its history, credit rating agencies will increase interest rates just as when individuals default on credit cards or other loans.

After twenty years of helping family and friends work their way out of dire financial straits, I am used to explaining that an unplanned default on credit cards is not a crime, it's only a civil law matter -- a breach of contract.

In 2005, they were four times as likely to default on their credit cards as their mortgages.

In the Northeast, borrowers with high FICO scores were still twice as likely to default on their credit cards as their mortgages.

Some loan types were supposed to be offered only to borrowers with high credit scores; but often credit scores were inflated, because people had avoided defaulting on their credit cards or other debt by refinancing their homes.

Secondly, the file details your repay ment history, warning lenders if you have been in arrears or have defaulted on a credit agreement.

"I'm not proud to say I've defaulted on every credit card and on every loan I've ever had.

We've seen the government shut down; we almost defaulted on our credit.