Sentence examples for rolled over loans from inspiring English sources

Pay-day opponents offer anecdotal stories of customers overwhelmed by mounting debt, such as the borrower who rolled over loans 24 times in 15 months, borrowing a total of $400 yet paying back $1,364 and still left owing $248.But the true social cost of pay-day lending is more ambiguous.

Jean-François Belis, the lawyer in Brussels who presented Hynix before the commission, argued that the commission "found no evidence that the banks acted at the instruction of the Korean government" and that the banks had rolled over loans as strictly a business decision to salvage what they could from a bad situation.

I rolled over loans, halved our repayments.

The firm rejects 62% of loan applications, using clever algorithms to judge risk, and makes far less money from rolled over loans than other firms.

The regulator found that lenders relied on penalty charges and constantly rolled over loans for their profits; in other words they were only really interested in customers who wouldn't be able to repay their loans on time.

That is akin to what the Japanese banks did during their decade of insolvency: they rolled over loans to borrowers who they knew could never pay the money back, in order to avoid taking losses that would wipe out the banks' capital.

Lenders will no longer be able to roll over loans more than twice or to make repeated unsuccessful attempts to take money from borrowers' bank accounts.

In April, the Financial Conduct Authority will take over regulation of the sector, and it has already told lenders they will be limited to allowing customers to roll over loans just twice.

Payday lenders will no longer be able to roll over loans more than twice or make continued raids on borrowers' bank accounts to recover their cash following the introduction of new rules by the financial regulator.

Under the new regime, lenders will be banned from allowing borrowers to roll over loans more than twice, and have limits to how many times they can try to collect repayments from customers' bank accounts.

Cash Genie has agreed to: write off or refund fees and charges which should not have been added to customer accounts; write off or refund rollover interest where the firm rolled over customers' loans inappropriately; refund payments taken without authorisation.