Sentences with phrase «always pay back your debts»
You should always pay back your debts as quickly as possible to avoid unpleasant consequences.
http://financeviking.com/ Not exact matches
Your credit score reflects your history of debts and how well you've been able to pay them back: if you always pay off your credit cards each month, if you're on time with your rent and you pay your bills as soon as you receive them, your credit score should be good.
Paying down your debt is always an excellent first step to take in getting your financial life back on track.
No matter how low your credit score is, you can always get back on track as long as you pay your payments on time, do not have outstanding debt, and always pay more than what you owe.
Your only viable asset would be the 401k, but after penalties and taxes for early withdrawal you would not have much left, and I would never recommend liquidating retirement assets to pay debt anyway (though if you did get really desperate you could always take a loan from the 401k to pay off the highest rated debt — you'd have to pay the money back though, plus interest).
You should always try to work your debt, whether by negotiating it down, changing your payment terms, or earning more money to pay it back.
There are always very clear and real responsibilities when dealing with debt, especially when you don't pay back 100 % of what you owe.
Of course, your goal should always be to pay back any debt as quickly as possible, so don't use your lower payments and a license to go wild with your spending!
Generally, though not always, your creditors will freeze the interest and penalties on your debts so that your reducing your monthly payment doesn't have significant adverse effects in the long run on the amount you need to pay back.
I love cc's its easy and global in nature, but I have ALWAYS paid all my cc debt unfailingly on time and 100 % balance and never paid interest... i have also gained quite some $ $ back from them... which has been a big bonus for me and fmly... i wish more americans would show some restraint in spending beyond means...