Sentences with phrase «debt against those lines»

For example, if you have $ 20,000 in credit lines, and $ 10,000 in outstanding debt against those lines, your credit utilization ratio is 50 % ($ 10,000 divided by 20,000).

Not exact matches

The home equity line of credit has allowed millions of households to borrow against their properties, providing cash for everything from renovations to investing to debt consolidation.

Republican senators who had previously assailed the nation's debt burden — including Senators Jeff Flake of Arizona and James Lankford of Oklahoma — eventually fell in line to support the bill after efforts to include a backstop against growing deficits failed.

Make sure you have a plan in place to repay the amount that you borrow against your credit line, so you can pay it off quickly and avoid high interest fees, penalties or possibly incurring a debt you can't afford to repay.

Your home equity — the value of your home less any other debt registered against the home — serves as collateral for the credit line.

In line with accounting conventions, interest on the National Debt is treated as part of public revenue expenditure, and therefore counts against the annual PSNCR.

· Home Equity Line of Credit (HELOC): Debts can be refinanced through a loan against the value of your home.

Meaning, the price for which your home could be sold on the market today, less any debts registered against the property, such as mortgages and secured credit lines.

Consolidating debt is usually one of your first lines of defense against the bad outcomes of severe financial distress, but can the solution also cause any delay to achieving your future goals?

It also matters if you're looking to refinance your investment property or borrow against it with a home equity line of credit, as lenders will consider your debt - to - equity ratio as a measure of creditworthiness.

Consumer advocates are concerned that the FTC proposal does not provide for legal action or other sanctions against debt collectors that «step over the line» in attempting to collect debts incurred by deceased borrowers.

Using the moneystepper method, Brian would pay # 400 against his current debt each month and any emergencies would be funded through his existing lines of credit (credit cards up to # 11500 and parents at 40 % APR after this).

Revolving debt allows you to borrow against a predetermined line of credit and pay at least the minimum due each month.

Make sure you have a plan in place to repay the amount that you borrow against your credit line, so you can pay it off quickly and avoid high interest fees, penalties or possibly incurring a debt you can't afford to repay.