Not exact matches
They want borrowers who can
afford to take on new
debt, along with some
extra cushion.
Would you be able to
afford the
extra money when your
debt is paid off?
If you have time and can
afford it, try to pay off all your
debt (or at least all your high - interest
debt) before you retire to give you a little
extra cushion.
So if you find yourself paying a lot in interest every year, find out how much
extra you can
afford for
debt repayment and attack that highest interest rate balance.
There is a significant percentage of clients who could go either
debt settlement or credit counseling and these customers have to decide if they want to tighten their belts enough to
afford credit counseling or save an
extra couple hundred a month possibly and deal with the negatives and risks of settlement.
Once you have filled out your budget sheet (and maybe made a plan to cut back on unnecessary spending) you will be able to determine how much «
extra» income you can
afford to pay on your credit card
debt each month.
Work out how much of this you can
afford to put towards
extra repayments to clear your
debts.
Over the past several years I have been teaching
extra courses to pay off
debt, visit my now lovely wife (we did a long - distance relationship for two years), travel, and ultimately
afford a house.
Once you know what kind of
debt you have and how you want to pay it off, you have to figure out how much
extra you can
afford to pay on your loans.
As we are just starting our first serious attempt to get out of
debt, snowflaking an
extra $ 50 a month (all we can
afford right now, really) just doesn't give any psychological payoff.
You've done a great job paying down
debt, but with only a low interest rate mortgage and a short amortization, I think you can
afford to focus on investing with your
extra cash flow.