Sentence examples for rollover loans from inspiring English sources

She said: "Behind the glamorous marketing lie extortionate interest rates and charges and the misery of multiple rollover loans".

A second investigation into the payday loans sector is also under way by the Financial Conduct Authority which is examining rollover loans and some of the exorbitant interest rates charged.

The high-cost credit industry is also facing a crackdown on the number of times they can rollover loans and may be forced to introduce time-lags on loans, so borrowers don't end up choosing a lender on the basis of how quickly it can get at the cash.

"We are keen to look at the automatic rollover of loans, the use of continuous payment authorities, and the upfront credit checks," he said.

But Lamidey's argument is that 94% of CFA customers report satisfaction, a verdict resting on greater transparency, prompt repayment rates and only – on average – two rollovers per loan; ie the loan rolled over for another month.

His remarks, at a news conference, responded to criticism of government approval of rollovers of loans for several large companies and fresh loans for Hyundai Engineering and Construction.

Mr Freeman agreed that there were cases in which it was better for a customer to rollover a loan and pay the extra interest.

The regulator is particularly keen to look at the automatic "rollover" of overdue loans, which are supposedly designed to be short-term products; the use of so-called continuous payment authorities, which allow lenders to keep trying to collect missed repayments from a borrower's debit card; and problems with upfront credit checks.

A restriction to only one rollover per payday loan.

This could be a cap on rollover to stop unaffordable loans from spiralling out of control.

It will surely need more help—either an open-ended rollover of the official loans or some kind of debt rescheduling.This is the contradiction in the rescue plan.