Not exact matches
The average person has only
bad debt,
debt incurred by purchasing liabilities like vacations, TVs, cars, and
houses.
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.
To make things
worse, Canada's economy has been hit hard by falling oil prices, and investors remain wary of a Canadian
housing market that has shown signs of becoming a bubble, as well as rising consumer
debt rates.
We think that the
bad debt charges from moderately rising unemployment and stagnating
housing prices will be actually quite well contained for the overall UK banking system.
In a letter to fellow Senate Democrats on Monday, the Vermont senator says the
House bill to create a control board and allow some restructuring of the U.S. territory's $ 70 billion
debt would make «a terrible situation even
worse.»
Republican
House leaders were facing a losing public relations fight with the White
House over the
debt ceiling that would have gotten far
worse if the government had begun to default on some if its obligations.
Today's report, which will be followed up by a full study published next summer, acknowledges the role poverty,
bad housing, unemployment,
debt and drug and alcohol addiction play in social breakdown, but argues families are also vital.
That means, people whose
bad credit is a result of catastrophic events related to unforeseen circumstances such as a job layoff or the
housing bubble bust are looked at far more favorably than those whose
bad credit is a result of irresponsible spending over a long term and too much current
debt.
Even if the line between good
debt and
bad debt is narrowing, there are other reasons to buy a
house or go to school than financial gain.
Even
worse, too many late payments or a default on a student loan will make you ineligible for some loans, meaning you might not be able to buy that
house or that car a few years down the line because you didn't manage your student loan
debt.
If a
house has too much
debt then private mortgage lenders will dismiss it as a
bad investment idea.
Even if you are borrowing to invest in a
house or an RRSP, if you can't afford the payments you have taken on
bad debt.
In fact, there's good
debt and
bad debt — the former usually involves going into
debt to buy an asset that will eventually grow in value, such as a
house.
Your insurance payment rate, jobs that you wish to land, a
house that you want to rent, the interest rate for your mortgage and many other areas are affected by your credit score because a
bad credit score means that you are more likely to commit fraud or are too irresponsible to pay back your
debts.
Mortgage
debt isn't
bad, and if the
house is income producing, it's great!
Without strong US job growth in this growth cycle and driven by rising US consumer
debt obligations and a US
housing value bubble, the US then lead the world into another financial or «credit crunch» crisis that was far
worse than the dot com crash.
If you file for bankruptcy you will have much
worse scars than with
debt settlement and long - term consequences that are very difficult to overcome if you need to rent a new
house, or buy a car, get a loan for your business idea, etc... Scars are not the end of the world, but bankruptcy, on the other hand, may be the end to your financial health for many years to come!
If you borrow against your
house you may be digging yourself deep into a financial hole, so mortgage
debt can be
bad debt.
If you buy a
house that is bigger than you can afford, that is
bad debt.
Broadly speaking, if Buddy's
housing costs (mortgage, utilities, insurance and taxes) exceeds 32 % of his gross income, and if he will be paying those costs for more than 25 years, then it's
bad good
debt.
An example of
bad good
debt is when Buddy goes out and buys an oversized
house that exceeds his needs.
Most people will tell you there are good forms of
debt and
bad forms of
debt, and I understand what they're saying, they're essentially talking about
debt that's strategic and that lets you got ahead, like if you borrow and you get a home loan, for example, a
house is an asset that potentially can appreciate in value.
For a generation and more the patent system has fallen from a useful ideas clearing
house to a way for big business to kill off the little player and «monetise» ideas that are worthless (rather like the bundling of
bad debt and selling it on).
No one wants to take time away from all of the beauty that life has to offer to think about the
worst — what would happen to my loved ones if I were to die, how would all my stuff be distributed, who would manage my businesses, what would happen to my stocks and investments, how will my
debts be paid off, who gets my
house?
What was
worst was that to pay - off the
debts and continue Rahul's education, she had to sell her
house.
Otherwise, you'll end up feeling exploited — or
worse, going into
debt to feed,
house, and insure yourself.
But once the economic downturn stripped
houses of half their value, the one - time happy abode became the hot potato that no one wanted in a divorce because it came with a mountain of mortgage
debt — «
worse than credit cards,» Sigman said.
Thanks for the detailed answer @Patrick Desjardins, or perhaps we should start calling you the Big
Bad Wolf, going around huffing and puffing and trying to take someone's
house away... never mind the fact that they haven't paid their
debt in years.