Your English writing platform
Discover LudwigSuggestions(1)
Exact(25)
"The very economics of the payday lending business model depend on a substantial percentage of borrowers being unable to repay the loan and borrowing again and again at high interest rates," said Richard Cordray, the consumer agency's director.
The percentage of borrowers delinquent on payments and bad debts will rise as the year goes on, noted Keith Sherin, G.E.'s chief financial officer.
The share of people defaulting for the first time has declined as a percentage of borrowers in repayment, which is the total universe of people repaying their loans.
The stock of student loans has reached $1 trillion, while the percentage of borrowers in default jumped to 8.8 percent in 2009 from 6.7 percent in 2007.
If they were included in the total, the percentage of borrowers who were 30 days late in making payments is 14 percent.
The percentage of borrowers that missed their first mortgage payment dropped in the third quarter, both from the second quarter and from the third quarter of 2009.
Similar(35)
One provision would revoke federal funding for institutions that have high percentages of borrowers who are at least 90 days delinquent on loan payments.
In other words, regulators determined that the same percentage of Citibank borrowers were improperly denied a permanent loan modification as borrowers at Bank of America and JPMorgan Chase.
The percentage of underwater borrowers, 31.4, is up slightly from 31.1 percent in the fourth quarter of last year, according to Zillow's "negative equity report," released Thursday.
Because payments are based on a percentage of income, borrowers with low incomes can conceivably pay nothing each month and still remain current on their loans.
The percentage of their borrowers who are delinquent (meaning that they've missed at least one payment) has doubled, and predictions of more than a million foreclosures have become commonplace.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com