Sentence examples for unsecured borrowing from inspiring English sources

Borrowers Levels of unsecured borrowing on credit cards, personal loans and overdrafts have been booming on the back of rising consumer confidence.

Consumer spending held up and unsecured borrowing rose sharply.

"The unsecured borrowing boom is over," he said.

Furthermore, the problems have arisen mainly with unsecured borrowing rather than with loans secured against homes.

But net mortgage lending growth was weak and unsecured borrowing was subdued.

In total, net unsecured borrowing increased by £633m during the month, up from £465m in September.

"Families are cutting back on their borrowing and their saving to help ensure they can afford higher mortgages and other household bills," said Sean Murphy, the director of strategic planning at A&L. "Even though average interest rates on unsecured borrowings have actually fallen over the past 12 months, that has not been enough to tempt mortgage borrowers to take on more unsecured debt.

The BBA's figures for unsecured consumer borrowing showed a rise in credit card use in June, with 231m purchases made worth a total of £13.1bn.

The F.D.I.C. will, in the future, be able to guarantee the debt of solvent distressed banks through programs like its Temporary Liquidity Guarantee Program, which guaranteed hundreds of billions in unsecured bank borrowing during the crisis.

"Libor is also intended to represent unsecured interbank borrowing costs for a range of maturities, but as this type of lending has severely declined since the financial crisis, submissions are more heavily reliant on judgment," Mr. Wheatley said.

They include Northern Rock's notorious Together product, which allowed borrowers to top up their mortgage with an unsecured loan to borrow up to 125% of their property's value.