Sentences with phrase «paying off credit card debt requires»

Paying off credit card debt requires a payment plan and a lot of discipline.

Not exact matches

Getting serious about credit card debt requires lifestyle changes, so we suggest taking it a step further than just using excess cash to pay off credit card debt.

If you spend your tax refund on luxury goods, use it to repay a friend or family member, or pay off a credit card or other unsecured debt, you may trigger an objection from the trustee, and be required to turn over your tax refund, even if you HAVE spent the money.

Well, actually the law says something like «a sufficient fraction of the balance to ensure that a person making the required minimum payment each month can pay off the debt in a reasonable time» and most credit card companies choose 1 % as the sufficient fraction and 108 months as a reasonable time.

Although a temporary inconvenience to all parties, I could have used the time to build my credit by using a secured credit card (which requires a deposit), paid off credit card debt, consolidated outstanding loans and saved some money for a down payment.

And if you only make the minimum required monthly payment, it can take you years to pay off your credit card debt.

Unsecured credit cards are «regular» credit cards that don't require you to deposit any cash with the bank as collateral against unpaid debt: you're allowed to make purchases up to your credit limit, and can pay for your purchases over time — although you'll typically pay high interest rates on any purchases you don't pay off in full each month.

A tool which takes the interest rate into account in order to help you calculate the length of time required to pay off a credit card debt.

In some simulations, we found a sample user would require an additional two years to pay off their debt compared with a card holder with better credit who qualified for a lower rate.

If, however, you require a longer period of time to pay off your credit card debts, we recommend you sign - up for an offer with a longer promotional period instead.

One recent change is that as of July 1, 2010, the credit card companies are now required to inform card holders of the amount of time it will take to pay off their credit card debt balance if they only make the minimum payment.

Getting serious about credit card debt requires lifestyle changes, so we suggest taking it a step further than just using excess cash to pay off credit card debt.

Unlike credit card debt, an installment loan has a specific term and requires you to pay back interest and principal in every payment, which means you have a set deadline for paying it off and getting out of debt.

You want to consolidate debt - Similar to taking cash out, if you want to pay off your high - interest - rate credit card debt with your low - interest - rate mortgage, you'll only be able to do that through a normal refinance, because an appraisal and additional underwriting is required to get a loan for a larger amount than you currently owe on the home.

Getting rid of credit card debt is the primary goal with balance - transfer strategies, and paying off credit cards fast may require more than just making minimum payments on 0 % APR balances.

Using a balance transfer credit card successfully requires paying off as much debt as possible during the low introductory APR period.

The first step in the Dave Ramsey approach required the Nannies to shun credit cards, establish a $ 1,000 emergency fund, and then systematically pay off debts, smallest to largest.