Unfortunately, when you are buried under
excessive personal debt, this is rarely the best strategy.
The lack of a credit history,
excessive personal debt, short - term employment and other more nebulous factors may be the reason for being declined for a credit card.
Not exact matches
If you already have a travel rewards credit card, a
personal loan to pay for a vacation may seem like
excessive and unnecessary
debt.
If
personal credit card
debt is not
excessive and has been paid in a timely manner, that may be a plus for you when you apply for a business credit card.
Excessive debt from credit cards, utility bills, medical bills and
personal loans is one of the primary reasons why people turn to filing bankruptcy.
Ultimately, in an impasse, each side fears losing something: In disputes over Gun Control, it is losing more innocent lives vs. losing
personal safety and protection; in disputes over Immigration Reform, it is losing talented people and necessary social contributions of immigrants vs. losing potential American jobs; in disputes over the
Debt Ceiling / Fiscal Cliff, it is losing on - going social programs vs. losing tax money to
excessive interest payments; and, in disputes over Certification for Mediators, it is losing quality control for consumers vs. losing
personal / professional autonomy to future regulators.
In other words, Grandpa purposely didn't deal with the mortgage lien on the property as grandpa was in fact the mortgagee which by causing a default benefits his
personal interest as the mortgagee by creating a barrier to reinstatement for lack of
debt service and the
excessive accrued interest.