Sentences with phrase «as debt traps»

While we often we think of credit cards as debt traps, the truth is that, used responsibly, credit cards actually provide a number of benefits.

Not exact matches

As investors seek to sell when prices are falling, debt managers become trapped.

Canadians risk falling into a «dangerous debt trap» as they borrow more to make ends meet, new survey says

The Case for Banning Payday Lending: Snapshots from Four Key States (June 2013) This report outlines the battles against the payday lending industry in states with strong usury cap protections, such as New York and North Carolina, and in states like California and Illinois with weaker laws that allow payday lenders to charge triple - digit APR loans that trap people in a cycle of debt.

Privately held debt of the U.S. government as a share of GDP increased this cycle to 74 % from 39 % in 2008, prompting concern that the U.S. is doomed to a debt trap in which high debt and low yields result in more debt.

The government has fallen into the classic trap that a teenage girl might make of treating credit card debt as new revenue instead of a temporal redistribution of existing revenue, subsidised by interest.

Koenig says environmental campaigners are deeply concerned about stepped up drilling plans in other parts of the Ecuadorian Amazon but they see merit in supporting the Yasuni Initiative as a means by which to enable Ecuador to extricate itself from its current «oil debt trap.»

As someone already getting one's debt consolidated knows, it is another trap that you could possibly get trapped in.

Short - term loans, either from payday lenders or lenders that demand property such as an auto title as collateral, can ensnare borrowers in debt traps and lead to property losses while the annual interest rate can soar to over 400 %, according to federal regulators.

They see you as you as a source of cash and so seek to trap you in debt.

They see you as you as a source of cash and so seek to trap you into debt.

If you're in a pinch and have poor credit, short - term loans can provide emergency funds as needed, but we highly advise you to pay the loan back in full as soon as possible, or you may quickly find yourself in a debt trap.

Neoclassical economists, who have dominated the Fed for over 40 years, drove us into a huge inflation, which Volcker choked, and then Greenspan & Bernanke drove us into a liquidity trap by refusing to let recessions eliminate bad debt, creating the «great moderation,» which is now known as a sham.

Instead, the debt grew exponentially as the Fed created the Great Moderation, which in other terms would be eventually be called a liquidity trap.

Until you do, you will not be eligible to borrow money at the best rates for things you want to do in the future and can fall into debt traps such as payday loans much easier than someone who understands how credit and bank accounts work.

Many people will search for help in consolidating debts as a way to avoid filing bankruptcy and often fall into the trap of committing to a higher interest rate debt consolidation loan because the only financial institutions that will qualify you will typically charge you a higher rate of interest for doing so.

What begins as a quick fix for a financial emergency quickly spirals into a long - term debt trap.

Otherwise, you could find yourself trapped in a cycle of upside - down debt that will only get worse as you roll it over into more and more cars, digging a deeper hole with each attempt.

Like many others you are now in the trap of paying the minimum monthly amount to safeguard your credit rating as well as trying to reduce your debt.

This has had consequences for those who are irresponsible spenders, as they have worked their way into a debt trap that is hard to escape.

Canadians risk falling into a «dangerous debt trap» as they borrow more to make ends meet, new survey says

If you fall into any of these common credit card traps, Spergel can help with a formal debt management plan, such as helping to create a consumer proposal.

In some cases, millennials may feel trapped in their careers as well, maybe because of student loan debt.

Payday loans are a debt trap by design and lead to cascade of other financial consequences such as increased overdraft fees and even bankruptcy.

The longer it takes to pay the loan back, the interest will continue to accrue and make it extremely difficult to pay off, and can lead you into what is known as a «debt trap» — taking out loan after loan to cover the new and quickly accruing fees.

As Down To Earth magazine has reported, there are concerns that the financing terms India is providing could put Bhutan into a «debt trap».

This can create a spiraling vortex of cost that can trap you just as quickly as credit card debt or payday loan schemes.

He says that Jacob Zuma is failing South Africa and is falling into the same trap as the US politicians by stealing, mismanaging state money and creating massive amounts of debt.