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Dealers, by contrast, make most of their money on servicing old cars and selling used ones.
What's more, the APR cap of 26.8% means credit unions make a big loss on servicing small loan amounts: on a loan of £300 for one month they can only charge a maximum of just £6 interest.
The company, based in Brampton, Ontario, is splitting its main unit, which makes equipment for large phone companies, into two divisions, one focusing on gear for communications systems in urban areas and the other on servicing large clients.
Low-cost economics rely on servicing high-density, short-haul routes.
They could give Greece a 30-year grace period on servicing all its European debt.
He warned Britain was spending more on servicing its debt than on defence and policing.
That is £74.22bn a year, more than the £48.2bn the UK spends on servicing its debt.
Richer households spend 8% of their budgets on servicing home loans.
It spends almost as much on servicing its debt as it does on the Police and Sanitation Departments combined.
In 1933 almost-two thirds of Greek public spending went on servicing foreign debts, before the country defaulted.
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The VA's low rates of serious default are attributable in part to its intensive, hands-on servicing of mortgages.
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