Sentences with phrase «because debt accrues»

Not exact matches

Workers often were left beholden to the company because of debts they accrued.

However, other kinds of debt, like the kind from credit cards, can be some of the most expensive and damaging debt we accrue in life because interest rates are generally extremely high and many people get used to spending on things they can't really afford.

At one point the house, that was never mortgaged because of the cash settlement from the fire, was mortgaged just to pay off the debt, which was then accrued again.

If you are deep in credit card debt it can be hard to get out because interest is accruing almost as fast as you make your payments.

It also has the potential to save you money, because the quicker you pay your debt off, the less interest accrues.

Pay off your highest interest loans first Some financial experts will advise you to tackle the highest - rate debt first because interest is accruing at a brisk pace.

Johnson believes that many students accrue so much student loan debt because federal loans are so easy to apply for.

For example, if you have credit card debt accruing interest at 25 percent, it's hard to justify building a stock portfolio instead of paying down debt because the chances that you earn a 25 percent return investing are slim.

The problem there is that people would accrue all this debt, then find they couldn't stay in these public sector careers because they didn't pay well.»

I was confused at first because, like you said, it's counter-intuitive to put money in your savings account when your have interest accruing on your credit card debts.

However, just because you don't need to make payments doesn't mean that interest stops accruing during that period — your student loan debt continues to grow during that time.

Some financial experts will advise you to tackle the highest - rate debt first because interest is accruing at a brisk pace.

Liabilities that are not related to financing activities of an organization (e.g. accrued liabilities, trade payables, tax liabilities, etc.) may be excluded from the calculation of debt because they usually do not affect the financial risk of an organization significantly and any liquidity risk that such liabilities may pose can more effectively be measured under liquidity ratios.

This amount can differ from your statement balance because interest accrues daily on your student loan debt.

Afterall, credit repair you're considering business bankruptcy because you simply don't have enough of money — not to accrue more debt to carry into the future.

The NCLC concluded that debt settlement companies use «a business model that is inherently harmful to consumers» because consumers are required to pay high fees for debt settlement programs that they are unable to complete, resulting in increased collection efforts and growing debts while their creditors continue to pile on fees and interest accrues.

Comments: One commenter stated that loan debt incurred by a medical school graduate increases because interest accrues while the student is in a residency period and that this additional debt would affect D / E rates.

If you are currently in debt, transferring your balance to a credit card with 0 % APR is a great decision because it will allow you to continue to pay off your debt without accruing more interest.

E.g. the Scandinavian countries, perhaps the Netherlands, maybe New Zealand, should long ago have taken action, knowing that their future citizens would be content to pay any accrued debt, because of societal and ethical progression.