Sentence examples for pension loans from inspiring English sources

Exact(8)

However, the Government charged, the defendants continued to obtain pension loans on misleading applications for real‐estate projects.

HIGH COSTS FOR PENSION LOANS  |  Companies offering so-called pension advances to retirees are drawing scrutiny from Congress and the Consumer Financial Protection Bureau, Ms. Silver-Greenberg reports.

But, at the very least, state and federal authorities need to force these "advance" companies to conform to state usury laws and truth-in-lending disclosure rules on pension loans.

Much like payday loans, which typically are aimed at lower-income borrowers, pension loans can aggravate the distress of the vulnerable elderly who already are grappling with dwindling savings.

The pitches for pension loans emphasize how difficult it can be for retirees with scant savings and checkered credit histories to borrow money, especially because banks typically do not count pension income when considering loan applications.

But, like payday loans, which are commonly aimed at lower-income borrowers, pension loans can turn ruinous for people who are already financially vulnerable, because of the loans' high costs.

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Similar(52)

Archives|WILL PROTECT THE FRANC.; Herriot Refuses National Guarantee for Pension Loan.

WILL PROTECT THE FRANC.; Herriot Refuses National Guarantee for Pension Loan.

But the veterans, among them Daryl Henry, retired Navy disbursing clerk, first class, in Laurel, Md., who received a $42,131 pension loan at a rate of 26.8percentt, have not received any relief.

The government is out over $130 million thanks to pension, loan, and EI fraud.

"I'll take a pension loan and hang onto it as long as I can, just paying the bare minimum," said Schielzo, who lives in Bergen County, New Jersey.

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