Aggressive methods of debt collection, such as taking the borrower's bank card and PIN number, have been banned.
From the economist.com
Recent cases shows that Ah Longs also displays the borrower's identity card on a huge banner and post it on fences.
From the en.wikipedia.org
Modifications on credit card accounts can damage a borrower's credit history several ways.
From the washingtonpost.com
In raising card limits, Belew says, banks look first to a borrower's ability to repay a loan.
From the usatoday.com
The problem is, credit card issuers will report the borrower's failure to make payments to the credit bureaus.
From the usatoday.com
In response, the Fed in 2008 adopted rules requiring lenders to determine a borrower's ability to repay and issued rules restricting credit-card issuers.
From the bloomberg.com
To say nothing of the lasting damage to a borrower's credit score, which will make it hard or impossible to get a credit card, auto loan, or mortgage.
From the businessweek.com
For instance, many card issuers are raising interest rates, which can cause payments to increase, perhaps beyond a borrower's ability to pay.