Sentences with phrase «debt treadmill»
The phrase "debt treadmill" refers to being stuck in a cycle of borrowing money to pay off existing debts, only to accumulate more debt and repeating the process. It implies being trapped in a never-ending loop, struggling to get out of debt. Full definition
People often find themselves on a debt treadmill, struggling to make the minimum payments and watching their principal balances grow.
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They feel like they're on a debt treadmill — working hard, but making little progress.
If you have already landed on the debt treadmill, and your credit is beginning to suffer, it's time to get help.
You may feel like you're on a debt treadmill, working hard but not making much progress.
Americans of all ages, professions and backgrounds are racing each other on the debt treadmill.
These modest millionaires have stayed away from the debt treadmill and they don't have the status symbols to show for it.
Rolling negative equity into a new car loan can lead to more costly credit obligations and it may put car buyers on what the Financial Consumer Agency of Canada (FCAC) calls an «auto - debt treadmill» where you are perpetually servicing debt associated with the vehicle you drive, or used to drive.