People with excellent credit scores are generally seen as the ideal borrower because they've proven over a long period of time with many different accounts that they can pay
back their debt on time and in full.
Typically, you'd need proof of income and payment history to release a cosigner, in order to show the lender that you can sufficiently pay
back the debt on your own.
You do personally guarantee that you'll pay
back debt on your business credit card, but Chase still needs to do its due diligence.
For consumers with a large amount of debt on revolving lines of credit, such as credit cards, a loan can also help them pay
back that debt on a set schedule.
This helps companies carry out ID checks to make sure you are who you say you are, and it also helps them decide how risky it is to lend you money, based on whether you've paid
back debts on time in the past.
Like many other forms of credit, these options require you to pay
back your debts on time through monthly or bimonthly repayments.
As the interest rate is fixed the loan can make financial planning easier and increase your chances to pay
back all your debts on time.
In general, if you can afford to pay
back your debts on your own by paying more than the minimum payment every month without hardship, it's probably the best route.
Not exact matches
Asked about China's «Belt and Road Initiative,» he said developing countries need to take a careful look at projects
backed by the program and avoid taking
on unsustainable
debt.
In many situations, the factor will insist
on «recourse» — the right to sell the invoice
back to you at face value if the
debt goes unpaid beyond, say, 90 days.
Between 2008 and 2012, the federal government implemented a handful of ad - hoc policies meant to deter poorer households from taking
on excessive
debt, including the reduction of the maximum amortization period for government -
backed home loans to 25 years from 40 years.
Long - suffering shareholders see potential as the company focuses
on shedding
debt and getting
back to gold
And while
debt consolidation is an effective strategy if consumers don't fall
back on bad habits, Terrio says recidivism is a problem.
A few years
back, I was
on the hook for about $ 4,000 — a mix of medical expenses, along with some credit card
debt.
D'Alessandro counters that such poor international performance is more likely because of a lack of leadership, a problem extending
back to the less - developed - country
debt crisis of the late 1970s, when many developing countries defaulted
on their bank loans.
To stay motivated and
on track to pay
back his
debt as quickly as possible, Sall utilized the snowball method, which targets the smallest
debts first.
Pay your
debts back on time and in full, and keep your credit utilization to under 25 %.
Looking
back, I wish I never would have taken
on any
debt at all, because it would have forced me to be wiser from day one.
Military rule will certainly not improve the nation's 8 % - of - GDP budget hole or its 72 % - of - GDP
debt load, which is already well beyond the point that pushed Argentina to default
on its international
debt obligations
back in 2001.
Buffett,
on his part, has disdained private equity's method of investing, which often adds value to a company by piling
on debt, and slashing expenses before turning it
back on the market.
You don't have to sell your property, and you might have to pay
back some of your
debts only partially — depending
on what you can afford, according to Nolo.
«Save more when you get a raise, when you pay off
debt, or cut
back on dining.»
With such an enormous valuation gap and such a massive amount of cash
on the balance sheet, we find it difficult to imagine why the board would not move more aggressively to buy
back stock by immediately announcing a $ 150 Billion tender offer (financed with
debt or a mix of
debt and cash
on the balance sheet).
After the recession, the country spent trillions
on infrastructure projects, with many banks, including unregulated or «shadow» banks, loaning money to companies that have been unable to pay
back their
debts.
First, the European
debt crisis is a bit more complicated than Greeks going
on a borrowing binge
backed by German credit.
«He's walked
back his comments
on defaulting
on debt — but the fact that they even trickled out of this mouth shows that he's a f — ing idiot when it comes to macroeconomics,» he added, one of several lines that got laughter and applause.
Given the softening economy in the latter half of last year and first months of 2013, Finance Minister Jim Flaherty's target of getting
back to balance by 2015 — after piling up $ 172 billion in
debt in eight years — will depend
on three assumptions all coming to good.
The basic problem is that during each recession, governments increase their
debt load to stimulate the economy and maintain (or even increase) services, but rarely cut
back on their
debt loads or services during the prosperous times — creating a long - term upward trend in indebtedness that Tony Boeckh of The Boeckh Investment Letter calls the «
debt supercycle.»
On the other hand, another survey by Bank of America and Merrill Lynch showed that 65 % of firms polled said they would use the new gains to pay down debt, 46 % would buy back stock, and just 35 % would spend on capital expenditure
On the other hand, another survey by Bank of America and Merrill Lynch showed that 65 % of firms polled said they would use the new gains to pay down
debt, 46 % would buy
back stock, and just 35 % would spend
on capital expenditure
on capital expenditures.
At the last review in May 2014, Greece's public
debt was assessed to be getting
back on a path toward sustainability, though it remained highly vulnerable to shocks.
«A lot of people were allowed to take
on debt with little or no prospect of paying it
back,» Porter says.
If Greece votes No and leaves the euro, defaulting
on all its
debt, then Germany won't get
back a huge sum of money it has used to finance Greece, The Telegraph reports:
But
on July 2, the IMF released this report in which it admits that there was no way Greece could ever pay
back its
debt, vote or no vote.
If you wait, you may not be able to get them
back on track and might end up with more bad
debts write - offs than you can afford.
In three rounds, the last of which concluded in 2014, the central bank credited itself with funds that it then used to buy
debt — Treasurys and mortgage -
backed securities, the latter in an effort to drive down rates
on housing loans during the worst real estate market since the Great Depression.
Despite the increase in
debt, households continued to get richer in the third quarter as their net worth gained 2.2 per cent
on the
back of a strong stock market.
At least, that's what the state - owned banks who
backed the round (and whose commercial arms are sitting
on billions of bad industrial
debt) will be telling themselves, with crossed fingers.
On the other hand, Yellen might decide to hold off scaling back the QE stimulus if the current government shutdown and debt - ceiling battle last long enough to take a sizable toll on the economy or end with a deal that entails more heavy - handed spending cut
On the other hand, Yellen might decide to hold off scaling
back the QE stimulus if the current government shutdown and
debt - ceiling battle last long enough to take a sizable toll
on the economy or end with a deal that entails more heavy - handed spending cut
on the economy or end with a deal that entails more heavy - handed spending cuts.
A CEO can have a history of paying
back loans, whereas their business could have defaulted
on its
debts.
(Bloomberg)-- An investment fund that's seeking a payout from the Cuban government
on more than $ 1.3 billion in defaulted
debt and
back interest has hired the lawyer who won a settlement for hedge funds in a long - running legal battle against Argentina.
This is especially true when
debt consolidation allows the consumer to better meet their obligations and get
back on their feet financially.
Examples of such projects providing marginal benefits are: improving financial reporting systems through better information technology, minor tweaks to supply chain logistics, cutting
back on marketing or increasing low - cost advertising (like social media), «rationalization» of head count, holding average wages as low as possible, squeezing suppliers a little bit, not repatriating earnings to stave off taxation, refinancing rather than retiring
debts, and the share buyback that is insensitive to a company's current stock price.
They've taken
on debt to buy
back their stock, throwing cash to the wind that should've gone to developing their business.
«I think the I.M.F. raising the
debt sustainability issue as clearly as they did, the United States making clear that sustainability had to be dealt with, was a helpful contribution to the conversation, because without dealing with some form of
debt restructuring, this problem will just come right
back,» a senior United States Treasury official said
on Thursday, as Treasury Secretary Jack Lew traveled through Europe.
While Toronto - Dominion is building its U.S. base and Scotiabank is renewing its focus
on Latin America and credit - card growth, CIBC has concentrated
on wealth management and consumer lending at home, where
debt - laden consumers are paring
back on borrowing.
«net private sector
debt is actually quite low and
on par with the 70s» — Stock buy -
backs have pushed up
debt.
A DTI ratio of 50 % or higher is a bad sign to lenders, as it means you may have trouble paying
back your
debts (and thus may default
on the unsecured loan you're applying for).
Rather than scaling
back the U.S. economy's over-indebtedness, for instance, the Treasury and Federal Reserve have bailed out the banks to save them from taking a loss
on debt write - downs.
The sooner you're able to pay
back debt, the more money you'll save
on interest payments.
«We're going to have to get
back next year at entitlement reform, which is how you tackle the
debt and the deficit,» Ryan said during an appearance
on Ross Kaminsky's talk radio show.»