Sentence examples for defaulted on credit from inspiring English sources

They have defaulted on credit card debt or have lost their homes to foreclosure in record numbers.

According to Cameron Findlay, the chief economist at LendingTree, an online mortgage lender and broker, New Jersey's borrowers have defaulted on credit lines at a lower rate than in many other states, and property values are dropping less sharply.

At Dimon's bank, JPMorgan Chase, according to Jeff Horwitz, the author of the American Banker series, the records used by outside law firms to sue people who had defaulted on credit card debt "sometimes differed from Chase's own files at an alarming rate, according to a routine Chase presentation".

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.

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.

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.

Defaulting on credit card bills can result in damage to your credit score and even bankruptcy.