Sentences with phrase «as paying off other debts»

Read up on the topic more, and you'll find additional ways, such as paying off other debts before applying in order to have a lower debt - to - income ratio — or paying some «points» in order to lower your rate.

Not exact matches

A reserve currency is a foreign currency held by central banks and other major financial institutions as a means to pay off international debt obligations.

Valeant has been focusing on its dermatology, eyecare and gastrointestinal units while selling off some other assets as it looks to pay down its heavy debt, racked up after years of acquisitions.

As with credit card debt, your strategy is to figure out which loan you want to pay off first, and make the highest payments possible on that one while maintaining minimum payments on the others.

Just as debt deflation diverts income to pay interest and other financial charges — often at the cost of paying so much corporate cash flow that assets must be sold off to pay creditors — so the phenomenon leads to stripping the natural environment.

Toward debtor countries American diplomats work through the World Bank and IMF to demand that debtors raise their interest rates and impose taxes and austerity programs to keep their wages low, sell off their public domain to pay their foreign debts, and deregulate their economy so as to enable foreign investors to privatize local electricity, telephone services and other infrastructure formerly provided at subsidized rates to help these economies grow.

So it may make sense for a restaurant owner to pay off other large debts first before pursuing an additional loan, or to make sure you have enough assets to cover debt payments in the event the restaurant doesn't bring in as much revenue as you anticipated.

Prioritizing paying off small - balance cards in full, otherwise known as the snowball method, gives you valuable momentum that encourages you to keep chipping away at other debts.

Lenders want to ensure that you have the financial means to pay off your new mortgage, as well as any other long - term debts (such as car loans) or other living expenses.

The legacy of US colonialism in Puerto Rico, and the island's current status as a US protectorate, has left the island's government without the resources to provide basic services as it struggles to pay off its debts, and at the same time has made it nearly impossible to call on help from other countries.

With a debt consolidation loan, a lender issues a single personal loan that you use to pay off other debts, such as balances on high - interest credit cards.

at one point helping others to pay off debt was ok... but then it DOES get to where God says no more to it... as I said..

The seasons previous to this we could argue all day long as their are the same amount from both sides saying he done well not endangering the club and paying off debts early — to others who say he should have been winning titles.

Too often, the MTA is used as a piggy bank for other state groups to pay off their debts, which leaves transit users paying for debts that aren't theirs.»

... forces the treasury to prioritize paying off debts over all other obligations (such as paying the military, for example).

Forced to work illegally as a dishwasher in a restaurant, he has no qualms about stealing from the till to repair other parts of his broken life, including paying off his dad's debts and replacing his mom's album collection, destroyed in his father's drunken rage.

If you've got other high - interest debt such as credit - card debt and your home has increased in value, this may be the time to consider refinancing to pay off your credit cards.

It doesn't do any good to pay off the mortgage earlier if you have to incur other debts as a result.

You borrow money from a lender to pay off bills and you pay off all your credit cards and other debts as one consolidated monthly payment to the lender, ideally at lower average APR than your current rate.

While student loans have advantages over other types of debt, such as lower interest rates, longer deferment periods and more flexible repayment policies, they can be tough to pay off while you're making the transition to the work force, buying a house and building a family.

«When a consumer is unable to meet their regular monthly debt payments, our agency as well as other (accredited agencies), may establish a DMP to help the consumer manage and pay off their unsecured debt by having the consumer deposit a monthly payment into a (trust account) which, in turn, is distributed to their creditors,» Hannah says.

You can use the funds from a reverse mortgage loan to pay off other debts, such as an existing mortgage or you can use the funds for regular expenses.

If you were investing in homes and put debt on credit cards and you had to let them all go, paying a credit repair company may not be a good option for you especially if they are large debts as at least in Texas (other states vary) you can be sued for 4 years after the charge off date.

As I continue to pay off my other debts, I will start making higher payments on my student loans.

If you have equity in your property, you can use it as collateral to secure another fixed - rate loan and pay off other debts.

Paying off credit card debt and other bills as quickly as possible will reduce the total amount of interest you pay over time.

As a person in your 20s or early 30s, you have one, count it, one strategy to secure a reasonably safe and secure retirement, and that is to live like an anchorite from the time you begin working to the time your career superannuates you into oblivion, and during that productive period to save and invest every penny you can while paying off the roof over your head and avoiding all other kinds of debt.

I would want them to be able to pay off my student loan and other debts immediately with a cushion to help with the financial transition of having my wife take over as sole provider»

If you're lucky enough to be paying historically low rates (as I am on my mortgage) and getting good returns on the investments so the latter is the higher percentage, the balance goes the other way and you'd want to continue paying off the debt relatively slowly — essentially treating it as a leveraged investment.

Among other debts I am trying to pay off, I would like to save for my kids college so that they don't have to deal with the stress of tens of thousands of dollars of student loans post graduation... does that count as a financial hardship?

Student loan debt should be treated like any other: pay off as quickly as possible, regardless of whether it's considered «good» debt or not.

As each debt is paid off the extra amount will be applied to balances on other credit accounts and so on, until you are debt free.

This can be achieved through Debt consolidation as the money received from refinancing can be used to pay off all other bills such as credit cards.

If you are having a hard time paying off your credit card or other debt in the Lower Mainland, it is extremely important you do something about it as soon and as quickly as possible — to leave yourself as many options, choices as possible.

One other word of caution if you already tapped your equity to pay off unsecured debt and face foreclosure in the future is that many lenders are reporting any forgiven debt (the difference between what you owe and what the bank collects) to the IRS as taxable income to you.

Due to these details, fixed rate reverse mortgages are usually best for borrowers who plan to use their reverse mortgage funds all at once, such as to pay off an existing mortgage or other debt, or to make major home repairs or modifications.

In my humble opinion as someone who is now debt free (except the mortgage) after having over $ 90,000 of consumer debt, I do not think it is a good idea to invest in a brokerage account, money market, annuity, or any other financial product until your consumer debt is paid off.

As the monthly payments will not change over the course of the program after a debt is paid in full, the money will go toward your other debts to pay them off even faster.

And as you eliminate some of your debts, use that extra money to pay off other debts aggressively.

Yes, I did rack up $ 12,000 in debt by going to college, but I paid that off as quickly as possible and currently have no other consumer debt.

With a debt consolidation loan, a lender issues a single personal loan that you use to pay off other debts, such as balances on high - interest credit cards.

You want to put as much money as you can for paying off the highest interest balance and the minimum amounts of the other debts.

DO prioritize paying off other debts, such as personal loans, credit cards, and car loans.

Wikipedia defines debt consolidation as «taking out one loan to pay off many others.

Your co-signer is accepting complete liability of your loan; as a result, until you pay off the debt, it will limit his or her borrowing potential and will probably result in higher interest rates on other loans and purchases made on credit.

And if you're able to lower your payment, this frees up cash that can be used for other purposes, such as paying off debts or increasing your emergency fund.

Since your debt - to - income ratio is much higher, banks will see you as having less money to pay off your other debts, like credit cards or student loans.

Think about your plan to pay off credit card debt and other bills as a battle for your future financial security.

As with any other journey, paying off debt, has a destination.

While some graduates focus as much of their income as possible toward paying off student loan debt as quickly as possible (and there's nothing wrong with this if it fits your finances), others take a steady approach, making the minimum payments and investing what they might otherwise put toward larger, monthly student loan repayments.