Student debt can become a heavy burden but if you default on your student
debt you risk ruining your credit.
Not exact matches
If FUBU had failed, he explained, at least he wouldn't have run up huge
debts just to live, and run the
risk of going bankrupt personally or
ruining his credit rating.
Reduce financial
risk: Paying off credit card
debt saves money and reduces the
risk or
ruining your credit should you become unable to pay your
debt.
Without loan guarantees, private banks would charge high premiums on
debt to compensate them for the technology and scale - up
risks inherent in first - of - a-kind project — and these capital costs can
ruin project economics.
With this much leverage, your
Debt Coverage Ratios can potentially get very thin, and multiplying this across an entire portfolio of properties financed in such a fashion, the
risk is very high that a confluence of issues with the economy / rents, large capital repairs, high vacancies, etc., can bring down the house of cards and
ruin your credit for a long time.