Sentences with phrase «carrying high interest consumer debt»

Not exact matches

In the near term, higher interest rates will have an immediate effect on consumers with credit card debt, home equity lines of credit and those carrying adjustable rate mortgages.

She continues, «Mot consumer debt carries a higher interest rate than most investment products these days.

Sorry I mean't to add one other thought, if the card holder is carrying a high balance and their interest rates increase like the banks have been raising in recent months, this could backfire on the banks themselves, I mean since the banks give a 45 notification of the increase and the consumer is already maxed out and can barely make the payments as it is, the increased interest rates because of how the congress requires at least all the monthly interest and some of the principle to be paid on the cards, done so that consumers could reduce the amount of time to illiminate their debts, this may spawn many card holders whoms payments will increase much like those adjustable rate mortgages that people walked away from to go wild with their remaining balances on the card and then default, the whole irony is that the consumer may very well use the card thats damaging them to pay for bankruptcy proceedings lol!

Carrying high - interest debt commonly leads to credit problems, which in turn preclude consumers from qualifying for many forms of consolidation.

A lot of this consumer debt is carried in the form of high interest credit cards.

If you are carrying any high interest debt, or have a significant amount of consumer debt (not mortgage debt), then you might have a low ability to take risk.

Personal finance experts often warn consumers with debt to steer clear of rewards cards, which generally charge higher interest and carry higher annual fees.