Sentences with phrase «especially high interest debt»

Start cutting your debt immediately, especially high interest debt (credit cards, etc.).

«Finding a way to put money toward paying off debt, especially high interest debt, is the best way to free yourself from the vise grip debt can have on your budget,» says Kimberly Palmer, NerdWallet's credit card expert.

Finding a way to put money toward paying off debt, especially high interest debt, is the best way to free yourself from the vise grip debt can have on your budget.

Not exact matches

Minimize the amount of debt that you carry, especially high - interest debt, such as credit card debt.

Some things to consider when making this plan are 1) which debt has the highest associated interest, 2) what is your largest debt, and 3) is there any debt that is especially restrictive on your business via loan terms?

One of the most common reasons individuals take out a personal loan is to consolidate high - interest debt, especially credit card debt.

This brings me to a third plot line: that is, how we deal with the higher level of household debt and higher housing prices, especially in a world of more normal interest rates.

The only variables he admits are structure - free: The federal government can indeed spend more and reduce interest rates (especially on mortgages) so that the higher mortgage debt, student debt, personal debt and corporate debt overhead can be afforded more easily.

Students who rack up a large amount of debt and begin their careers in an entry - level position can be particularly at risk, especially if they owe larger monthly payments on high - interest debt, such as private student loans.

The PBO identified four key downside risks to the private sector forecast: global growth, especially in the U.S. could be slower than anticipated; the appreciation of the Canadian dollar could adversely affect exports; sovereign debt issues in Europe could restrain recovery there and put upward pressure on global interest rates; and the high level of household debt in Canada could restrain domestic demand.

Although all forms of debt can be costly, credit card debt is especially expensive due to high interest rates.

If some of your balances are carrying an especially high interest rate (anything over 10 % APR), you'll likely want to prioritize paying those debts off first.

Financial planner Benjamin S. Offit, partner with Clear Path Advisory in Pikesville, Maryland, said it is ideal for retirees to have all debt paid off by retirement, but especially «bad debt» such as high interest credit cards.

For many borrowers, especially those with higher interest rates, keeping up with interest charges is the biggest pain point of student debt.

Higher U.S. interest rates will make servicing debt tougher for developing country governments and businesses, especially those who have borrowed in dollars.

Having that debt hanging over your head can be difficult to deal with, especially when you consider the high interest rate you pay when you carry a balance.

When you are in debt, and especially when it comes at a high rate of interest — say, anything greater than 5 % — then compound interest is your enemy.

At the above poster, it definitely makes sense to pay off certain debts before investing especially if they are at high interest rates because it's a guaranteed return.

The best way to do this is to aggressively reduce your debt, especially high - interest revolving credit, like credit cards.

If you're in debt, especially if it's high - interest debt, using your tax refund to make an extra payment on that debt is a great idea.

For example, credit card debt can be deadly to your financial future, especially considering its high interest rate.

There are few things more tempting than a 0 % introductory rate offer, especially if you've managed to rack up some high interest debt on another card.

If the borrower has low credit, the creditor charges a higher interest rate premium due to the risk of default, especially on uncollateralized debt.

At the above poster, it definitely makes sense to pay off certain debts before investing especially if they are at high interest rates because it's a guaranteed return.

This is especially true if your debt is high interest debt, like credit card debt.

The advice on avoiding high - yield debt needs more explanation, because bonds with high payouts are not especially sensitive to interest rate movements.

Especially added to credit card debt, often with extremely high interest rates, these payments can cause many problems.

But it requires discipline, and extending the term on your education loans will increase their cost, especially if you fail to pay off your higher interest debt.

Both impact your score, but high revolving debt, like that from a credit card can do a lot more damage — especially when the interest rates are often three or 4 times as high.

Debt, especially that with high - interest rates, is a massive obstacle to financial security.

Chris Cottier, a Vancouver - based investment adviser with Richardson GMP, says any young investor with large debts — especially high - interest credit - card debt — should forget about TFSAs until they've eliminated that debt.

This is especially attractive to those whose homes have appreciated significantly since they bought them, especially if they have a lot of high - interest debt (e.g. credit cards) they want to pay off.

I especially appreciate has strong cautions before transferring any student debt to a credit card about paying attention to details, reading the fine print, and taking measures to assure you don't get burned by high credit card interest rates after a transfer.

While it's OK to splurge from time to time, it's important to keep debt as low as possible, especially if your plastic carries a high interest rate.

This is especially the case when it's high - interest rate consumer debt.

If you have a lot of debt, especially high - interest debt, you can pursue consolidation or refinancing.

That's a lot of debt, especially when you consider that consumer credit cards often come with interest rates of 16 percent or higher.

Consolidating your debts, especially high - interest credit card balances.

Creating and implementing a get out of debt plan is one of the best thing you can for your finances, especially if you have high interest debt.

The less debt you carry, especially the high interest ones such as credit card debt, the more money you will have to invest.

A higher cash turning business (quicker cash conversion cycle) and cheaper cost of debt (interest rate) will allow a company to lever up more, especially if the assets that are - part of the collateral do not depreciate very quickly (long lived assets).

High interest credit card debt is on of the most dangerous financial pitfalls, especially once it's able to gain momentum.

Pay off the debt, especially credit card and then adjust your w - 4 so you get a smaller refund next year and apply the «extra» money each month to you highest interest debt

Low - interest debt consolidation loans are difficult to get approved for, especially if a person has a high utilization of credit ratio, low credit score, and high debt.

One of the most common reasons individuals take out a personal loan is to consolidate high - interest debt, especially credit card debt.

The biggest downside of consumer credit is its high interests and penalties, especially for unsecured debts.

This is especially important when you're using the personal loan to pay off higher - interest debt, as you want to replace that high rate with a rate as low as you can get.

Lenders are ingenious at keeping you in debt, especially high - interest debt.

Start by paying down debt with high interest rates and then focus on saving any extra income, especially windfalls and holiday bonuses.

This is especially true if your debt is high interest debt.