If this source of finance runs dry, desperate borrowers like Lucent will have no place to turn. |
And we've had over a million letters mailed out to borrowers at risk who have not been in contact with our servicer. |
In this way, spendthrift borrowers are prevented from abusing the service and falling into the trap of revolving credit. |
There was also a benefit for many banks from fees which arose when borrowers refinanced their mortgages because of lower interest rates. |
They do this by passing on the full whack to borrowers, but only slightly increasing their savings rates. |
The bank is planning to offer a group insurance cover for its depositors and a loan cover term assurance plan for its borrowers. |