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Exact(27)
The result, though, is that too many people end up with debts they cannot repay.
But they cannot repay the bank by selling the home, and refinancing may also be difficult.
But to do nothing might lead people to take on debts they cannot repay when rates eventually rise.
The boats' destruction becomes an economic millstone hung about individuals' necks; a debt that they cannot repay.
Other nations, such as Ecuador or Argentina or Iceland, have simply declared they cannot repay all that they owe.
That will help in trying to ensure that consumers do not get loans they cannot repay, regulators said.
Similar(30)
Bombarded with microloans in such a way that today they simply cannot repay even a fraction of what they owe (estimates are that 40% of the South African workforce's income is spent on repaying debt), South Africa's poor are now caught in a microdebt-trap of unimaginable proportions.
They understand that Greece cannot repay loans at this level, especially when they are front-loaded with a €38bn repayment this year.
If they do not or cannot repay it, that loan is simply deducted from the ultimate death benefit.
Typically, the applicants are in a hurry to repay the sum, which they have borrowed and cannot repay on a low-ranking officer's monthly salary of $100.
Second, international lenders need to be clear-eyed: if a country cannot repay its debts, they must be restructured early and decisively.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com