You may need to
consider taking on more debt than expected when it comes to funding a quality college education.
Not exact matches
It is a calculation that lenders use when
considering if you can handle
taking on more debt.
Before applying for one of the best rewards credit cards, it's best to
consider whether you can afford to
take on more credit card
debt.
Consider this: after purchasing a house and
taking on a mortgage, you indeed have
debt — but, (1) it is long term
debt, not short term
debt, with
more time to pay it down; and (
more importantly)(2) you now also have equity — the house and property itself (which has value that hopefully will increase over time — tax free).
Since these loans come with even greater responsibility than federal student loans (read:
more stringent repayment requirements), it's important to know the weight of the
debt you're
considering taking on.
And while having your wages
taken to pay off a creditor is
considered an extreme «last resort» to collect
on a
debt, it is
more common than you may think.
If you're currently paying off
debt,
consider utilizing other ways that can help raise your score without
taking on more debt.
We also project credit growth out to 2017 by
considering how much
more debt each major sector of the economy will be able to
take on.
I have been investing for 30 years and have been through multiple bear markets, have no
debt, and I do not have to access most of my savings for a long time... but, I have
more than enough in pensions and savings, and I do not need to
take on very much risk to maintain the lifestyle I enjoy, even after
considering the effects of inflation.
March 8 The Supreme Court
on Monday unanimously upheld part of the U.S. bankruptcy law that bars attorneys from advising clients to
take on more debt while
considering a bankruptcy filing.
If you're
on the fence (say rent has been late the past few months), you may
consider rescreening them at renewal to ascertain if your renter's credit profile has gotten worse or whether they've recently
taken on more debt.