Sentence examples for scrap interest from inspiring English sources
"G-20 Agrees to Scrap Interest Deduction".
Earlier this month Wonga was forced by the new City regulator to wipe out loans to 330,000 people, and scrap interest and charges owed by a further 45,000 customers.
The company, which charges annualised interest rates of up to 5,853% a year and has been accused by MPs of "legal loan sharking", said it would entirely wipe out loans to 330,000 people, and scrap interest and charges owed by a further 45,000 customers.
It said it would entirely wipe out loans to 330,000 people who are in arrears of 30 days or more, and scrap interest and charges owed by a further 45,000 customers who are in arrears of up to 29 days.
A viral campaign that spiralled through social networking site Facebook in August last year forced HSBC into a humiliating U-turn over its decision to scrap interest-free overdrafts for university graduates.
The news that HSBC is scrapping interest-free overdrafts for graduates means that thousands of students set to end their studies this summer will have to shop around for new accounts.
The SNP, still with a comfortable lead in the polls, can afford to sit back and watch the developing scrap with interest.
According to Standard Chartered, a bank, household borrowing as a share of national income in Thailand now stands at 68% of GDP, much higher than other middle income countries such as China (20%), India (18%) and Indonesia (17%).To make life harder for loan sharks, the government wants to adopt a counterintuitive measure: scrap an interest ceiling that has been in place sixty years.
Better still, he could scrap mortgage-interest relief, which distorts the housing market.
Scrapping mortgage interest tax relief has hit all homeowners with loans.
The most important scrap centres on interest rates.
