Sentence examples for true cost of borrowing from inspiring English sources
Barclays wrote in a September report, "Our feeling is that Libors are again becoming rather unrealistic and do not reflect the true cost of borrowing".
Wonga.com said that it had a transparent method for detailing the true cost of borrowing on its website, and said that the loans it advertised on TV had to be applied for online.
But he seemed somewhat less revolted by a second sort of misconduct, which occurred after the banking crisis first struck in the summer of 2007 and continued as it intensified in 2008, when the bank submitted rates to the LIBOR panel that were lower than Barclays' true cost of borrowing so as to calm fears about the bank's financial health.
A higher submission rate might be interpreted by the market as a sign that Barclays was in particular trouble compared with other banks, and this created an incentive for Barclays to under-report its true cost of borrowing to the Libor committee.
"Although we noted that the APR was high (listed on the Wonga website at the time of the advertising as 4,214%), as was the actual interest rate, we noted that this information was provided clearly on the website, which also included a mechanism that allowed consumers to calculate the true cost of borrowing," the ASA said.
It should be said, however, that Pariti isn't just a way of creating a pipeline of prospective people for its partner lenders to lend to, but is founded on the premise that a lot of consumer debt is opaque and too many people aren't aware of the true cost of the money they've — sometimes inadvertently — borrowed.
And even then, Congress isn't appropriating enough money to cover the true cost of battling fires, forcing the Forest Service to borrow from other, non-fire accounts.
The Treasury report said these products also "unnecessarily increase consumers' total borrowing costs, and disguise the true cost of the insurance on a monthly basis".
They also accused Democrats of negotiating the budget piecemeal to hide the true cost of their budget priorities and lay the groundwork to claim that only new borrowing or higher income taxes could bring the budget into balance.
The true cost of demutualisation".
The true cost of an iPad?
