Sentences with phrase «credit as a safety net»

But when you have no credit as a safety net, it becomes your number one financial priority to make sure the cash reserve you have is enough to live on.

But when you have no credit as a safety net, it becomes your number one financial priority to make sure the cash reserve you have is enough to live on.

Not exact matches

Credit serves as a safety net to rely on in times of need and helps to borrow some cash, let's say a personal loan.

A Line of Credit can help you pay for unexpected expenses, cover overdrafts or just serve as a safety net in a financial emergency.

If your poor credit is the result of an unforeseen disaster, you need to change your money habits so that you are building up a good emergency fund to serve as a safety net.

The reasons for this include easier access to credit cards (which are used as a safety net) and increases in divorce, job loss, and housing prices.

This idea of the credit card safety net quickly evaporated during the recession, as credit card companies embarked on a spree of rate increases and credit limit cuts that left many people stuck with expensive debt and barely enough credit to buy a tank of gas, let alone cover a real emergency like a costly car repair.

Thus, while paying down credit cards should be a major priority for anyone with this type of debt, doing this in order to create a credit card safety net is not a good way to prepare for financial unknowns as available credit can disappear when it is needed most.

Reduce or eliminate bad debt such as high interest credit card debt, and establish an emergency fund as a safety net.

Credit products like credit cards, overdrafts and payday loans aren't sustainable when used regularly as a safetCredit products like credit cards, overdrafts and payday loans aren't sustainable when used regularly as a safetcredit cards, overdrafts and payday loans aren't sustainable when used regularly as a safety net:

The purpose of the fund is to improve financial security by creating a safety net of funds that can be used to meet emergency expenses as well as reduce the need to use high interest debt, such as credit cards, as a last resort.».

These loans are especially appealing to individuals who lack a financial safety net, such as a savings account or credit card.

(obviously, not suggesting use this as your sole safety net, as there's nothing more safe than a cash cushion) As an aside, I make it an annual thing to call all my credit card companies to ask them to boost my lines so as to lower my utilization rateas your sole safety net, as there's nothing more safe than a cash cushion) As an aside, I make it an annual thing to call all my credit card companies to ask them to boost my lines so as to lower my utilization rateas there's nothing more safe than a cash cushion) As an aside, I make it an annual thing to call all my credit card companies to ask them to boost my lines so as to lower my utilization rateAs an aside, I make it an annual thing to call all my credit card companies to ask them to boost my lines so as to lower my utilization rateas to lower my utilization rates.

«The net lease sector is doing slightly better than the broader commercial real estate investment market as a whole because, on the longer - term type leases, the credit crisis causes a flight to quality and flight to safety,» Blankstein says.