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As the economy slackened they encouraged individual indebtedness and home ownership to bolster consumption.
It is our society's assumption that individual indebtedness is required to obtain big-ticket items, whether they are cars, houses or higher education.
But the behavior of individual Americans, in this sense, is probably worse: Our taste for individual indebtedness is greater than the Greeks' taste.
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Measures of private indebtedness are rising again.
The credit score is calculated using factors such as the payment history on other loans, the number of open credit lines and the type and amount of an individual's indebtedness.
The contract also stated that by entering into the agreement, the parties did not intend to create any individual personal indebtedness, and that all funds provided for in the contract were to be payable from the proceeds of the operation of P. B. Services , Inc
Prospective lenders had no way of knowing the aggregate indebtedness of individual and typically penurious borrowers, some of whom had taken on excessive debt.
An individual who has outstanding indebtedness to the university will not be allowed to register or re-register in the university, receive a transcript of record, have academic credits certified, be granted a leave of absence, or have a degree conferred.
Indebtedness redirects an individual's energies inward: failing to pay the mortgage and college tuition can bring up feelings of anxiety, shame and a sense of personal failure.
Low interest rates have also, of course, helped keep afloat individuals and businesses whose level of indebtedness would, in previous downturns, have caused them to sink.
The Director may opt to disburse available funds pro rata or to adjust award levels on an individual basis considering salary and total loan indebtedness.
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