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Debt is a big problem for many Americans,» NerdWallet's Sean McQuay told CNBC's «On The Money» in an interview, obligations he said many try to ignore.
More from Personal Finance: 5 graduate degrees that leave people drowning in debt 10 states where student loan
debt is a big problem Grads of this college get a starting salary of $ 80,000 — plus more best value schools
The reason is that sovereign
debt is a bigger problem than subprime mortgages ever were.
While student loan
debt is a big problem for all students, it is an especially big one for professional school graduates.
Medical
debt is a big problem for many Americans.
Private student loan
debt is the bigger problem, over credit card debt, in the US.
Debt is a big problem keeping many from fully enjoying life.
Long story short, unpaid student loan
debt is a big problem for the federal government and the average college student.
First off, student loan debt, especially federal student loan
debt is a bigger problem than credit card debt.
In my opinion, unmanageable
debt is a bigger problem than a poor credit score.
Consumer
debt is a big problem and knowing how to deal with debt collectors when you owe and can not afford to pay is becoming a basic survival skill in today's economy.
Not exact matches
Though Portugal
is one of the fastest growing euro zone economies,
problems with non-performing loans and high
debt among businesses, individuals and government
are a
big hurdle - mainly at a time when the government's strategy
is focused on consumer spending.
The government's failure to tackle the
big underlying
problem — deep rooted corruption and mismanagement in Brasilia —
was «distressing,» said one fund manager who trades sovereign
debt.
In 1998 you had a rolling crisis of sorts where lots of little
problems (emerging market
debt scares) eventually boiled over into one
bigger problem (the Russian default) and then appeared to
be rolling over into foreign markets with the LTCM debacle.
Forcing a creditor to turn your
debt over to a collection agency will simply cause you
bigger problems in the future because many collection agencies
are relentless when it comes to recovering money.
... Frankly, it
's the health care entitlements that
are the
big drivers of our
debt, so we spend more time on the health care entitlements — because that
's really where the
problem lies, fiscally speaking.»
To make this an even
bigger challenge, popular media would have us believe that capital
is the answer to every
problem business owners face; and many business owners who aren't, or lack, a «profit expert» make decisions that seemingly make a lot of sense, but in reality makes it more difficult to
be profitable by further burdening their business» cash flow with
debt they can't support.
[16:00] Pain + reflection = progress [16:30] Creating a meritocracy to draw the best out of everybody [18:30] How to raise your probability of
being right [18:50] Why we
are conditioned to need to
be right [19:30] The neuroscience factor [19:50] The habitual and environmental factor [20:20] How to get to the other side [21:20] Great collective decision - making [21:50] The 5 things you need to
be successful [21:55] Create audacious goals [22:15] Why you need
problems [22:25] Diagnose the
problems to determine the root causes [22:50] Determine the design for what you will do about the root causes [23:00] Decide to work with people who
are strong where you
are weak [23:15] Push through to results [23:20] The loop of success [24:15] Ray's new instinctual approach to failure [24:40] Tony's ritual after every event [25:30] The review that changed Ray's outlook on leadership [27:30] Creating new policies based on fairness and truth [28:00] What people
are missing about Ray's culture [29:30] Creating meaningful work and meaningful relationships [30:15] The importance of radical honesty [30:50] Thoughtful disagreement [32:10] Why it
was the relationships that changed Ray's life [33:10] Ray's
biggest weakness and how he overcame it [34:30] The jungle metaphor [36:00] The dot collector — deciding what to listen to [40:15] The wanting of meritocratic decision - making [41:40] How to see bubbles and busts [42:40] Productivity [43:00] Where we
are in the cycle [43:40] What the Fed will do [44:05] We
are late in the long - term
debt cycle [44:30] Long - term
debt is going to
be squeezing us [45:00] We have 2 economies [45:30] This year
is very similar to 1937 [46:10] The top tenth of the top 1 % of wealth = bottom 90 % combined [46:25] How this creates populism [47:00] The economy for the bottom 60 % isn't growing [48:20] If you look at averages, the country
is in a bind [49:10] What
are the overarching principles that bind us together?
There will likely
be some
big bumps on the road, given the European
debt problem is far from over.
It
is true that the housing bubble caused more damage because it
was a
debt bubble vs. an equity bubble, and that caused a
bigger financial
problem because banks and shadow banks
were more financially exposed to the equity losses of the housing bubble (equity based upon
debt x 10).
At the time the former seemed a more dangerous risk than the latter — although even then massive overinvestment
was China's true vulnerability — but I think by now there
is a rapidly developing consensus that investment, and the unsustainable concomitant increase in
debt,
is China's
biggest problem.
Big banks» annual results suggested China's bad
debt problem is easing.
The forecast loss for the latest quarter
is modest, but if
big losses outside Mexico continue the company's $ 8.1 bln of
debt maturing in 2014 will pose a
big problem.
«The
biggest problem is nobody could quantify the buying pool in the high - end community,» said Adi Chugh, head of real estate
debt brokerage Maverick Capital Partners.
The amount of
debt and delinquencies
are climbing, and some experts say the official numbers don't even capture how
big the
problem really
is.
If they
are happy, not bothering anyone leave them
be and thats one of the
big problems in this country; The Goverment wants to control everything and should try running thier own business and get us 0ut of
debt, not worrying about how many wivies I have.
...» the
debt accumulates while the rat
's going through the python,» so by the 2040s the
debt itself and its gargantuan interest payments become
bigger problems than entitlements.
«Of course, there
are arguments that can
be made about the volatility of dependence on oil, or the
problems of
debt and a
big banking system.
«How can we avoid the «too
big to fail»
problem reoccurring in future» - according to Nissim Taleb, by moving away from the concept of
debt and into more equity (he
's the person who popularized the term «Black Swan», btw)
«The temptation for Cuomo will
be to use state - budget surpluses to avoid the
problem for a couple of more years — that
is, give them a few hundred million dollars a year out of the state budget to cover the operating budget deficits that will get
bigger as the M.T.A. devotes more money to
debt service,» she emailed.
The
biggest effect that a current or past
debt problem will have on immigration
is that you can not sponsor someone to immigrate to Canada while you
are an undischarged bankrupt.
While credit cards have
been a
big problem for consumer's personal finances, there
is a renewed encouragement to learn how to utilize cards for your benefit rather than avoid them in the interest of
debt.
Debt is a financial
problem, and a
big stress on many marriages.
Problems that are left unattended, will usually present themselves as bigger problems in the near future, so today is the day that you need to start looking at your debts and debt elim
Problems that
are left unattended, will usually present themselves as
bigger problems in the near future, so today is the day that you need to start looking at your debts and debt elim
problems in the near future, so today
is the day that you need to start looking at your
debts and
debt elimination.
If anything, it would prevent you from getting into
debt further, which
is probably not a
big problem in your situation.
The
big problem with this
is that people will then use these mental gymnastics to justify financing a renovation — and take on
debt today, in order to increase your home's value tomorrow
is not financially savvy (particularly with rates poised to rise, which will prompt a cooling housing market and declining housing prices).
So what do Americans think
is the
bigger threat to this country: the national student loan
debt or the ever - increasing
problem of sensitive data getting stolen?
«Our
biggest problem with high - yield
debt is it
's much more highly correlated to the stock market than it
is to fixed income,» says Allworth.
Carefully consider each option to make sure you
are not creating a
bigger financial
problem by trying to get yourself out of
debt more quickly.
I mean the
big problem I think, and Trans Union used to have great media releases on this,
is that people tend to start with credit card
debt.
«The
big problem, even with small loans of $ 5,000 to $ 10,000,
is that it creates a cycle where you
're continually chipping away at
debt through the year until it
's paid off just in time for the next RRSP season,» he says.
Unfortunately, in my experience meeting with thousands of people in the Kitchener area over the last ten years, there
are two
big problems with
debt consolidation loans.
One of the
biggest problems of college students and newly graduates
is student
debt.
Although cashing in an RRSP might seem like a quick fix for getting out of
debt, it
's only a band - aid solution that will lead to
bigger problems once you
're forced to rely on that savings in retirement.
Credit card
debt is often the
biggest problem in the credit repair equation since missed and late payments or too much credit card
debt is the reason your credit needs to
be repaired in the first place.
But there
was a
bigger problem: I'd already
been drowning in credit card
debt for years.
One of the
biggest problems with overspending
is the inability to pay
debt.
The
biggest problem for credit counseling and
debt settlement companies seems to
be in blindly assisting the consumer to repay
debt which would otherwise not
be legally repayable.
There
is no doubt that student loan
debt has become a
bigger and
bigger problem in recent years.
I
'm a
big fan of SoFi because the student loan
debt problem in the United States
is huge.