When a college graduate experiences difficulty making repayments due to unemployment, ill health or personal circumstances, it is normally possible to defer student loan repayments. Whilst not a panacea, it gives the borrower time to get back on their feet. Deferred Student Loans Most graduates will be aware that they will face difficulty making repayment,…
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Fallout of the Sub Prime Crisis: Loan Applicants to Be Scrutinised Under Credit Crackdown
The high number of sub prime mortgages issued in recent years – both in the US and the UK – is now causing havoc in the global financial system. Due to rising interest rates, falling property values and other macro-economic factors, individuals are rapidly defaulting on their mortgage payments on a wide scale. Disturbingly, these…