Sentences with phrase «existing debts using»

Debt Consolidation: You can pay off existing debts using the money.

I love the solvency ratio as it typically indicates the ability of an individual to repay all existing debts using existing assets in case of a downside scenario.

Not exact matches

An opportunity also may exist to use home equity to bundle high - interest debt at lower rates, he adds.

To qualify for the lowest rate presented, a borrower will need an excellent credit profile, take the loan out with a qualified co-borrower, use their loan to consolidate existing debt, and authorize the direct payment of that debt to their existing creditors using the loan proceeds.

Like a 7 (a) loan, loan proceeds can't be used to pay existing debts.

Approximately 75 % of borrowers use Prosper to consolidate or refinance existing debt.

Part of this additional spending can be used to pay down existing household debt, enabling a significant level of debt reduction overall.39»

The system threatens to collapse in such a way that will leave a legacy of financial cleanup costs for the bad debts that form the counterpart to the economy's «bad savings», that is, savings lent to speculators who use the money simply to buy existing properties rather than to create new assets.

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

Proceeds can then be used to refinance existing debt, acquire new titles or catalogues, facilitate ownership transfers; or be set aside for working capital needs, investment purposes and tour financing.

The proceeds will be used for general corporate purposes and to repay existing debt.

Essentially, you use a new personal loan to pay off existing debt.

Although you're taking out a new loan, you're not adding new debt because you're using the loan to pay off existing debt.

In the early stages of this recovery, many corporations sensibly used access to inexpensive debt to term - out existing debt and to raise cash cushions on their balance sheets, an understandable response to the financial crisis and subsequent recession.

Remember that in terms of «debt productivity» each additional dollar of debt has less and less impact on GDP growth as a larger percentage of the new debt has to be used to service the existing debt.

It means that all of the business's net income for a year will need to be used to pay off existing debt.

An adoption of this method would also affect existing incentive structures within the international financial system as the risk of repudiating illegitimate debts would cause creditors to lend with increased caution, exercise due diligence and implement policies that encourage transparency of how the funds are used.

The reason for the capping is to use the excess amount over the cap to retire existing debt, in line with the Law.

Instead of using government money to service existing bad debt, the Post Bank would provide stable finance where it is needed most, in the heart of our local economies.

We have been variously told that the money doesn't exist, that it will be used next year, that it's needed to pay down debt last year and that it is going to be used for investment.

[53] In the case of a TIFIA guaranteed loan used to refinance interim construction financing, the guaranteed loan may not refinance the existing debt (x) if that debt's maturity is later than 1 year after the substantial completion of the project, or (y) later than one year following substantial completion of the project.

How it works is you would take out a new loan or line of credit and use that to pay off your existing debts.

Personal loans are used by consumers to consolidate existing debt, build credit or finance everyday expenses.

Always use your existing assets — such as savings and investments outside of retirement accounts — to pay down high - interest debt.

Consolidation is based on taking all of the existing debt as one debt, clearing it and then repaying the loan used to do so over a longer term.

The most practical way to do this is to use a consolidation loan to clear all existing debts.

It may be using consolidation loans to lower monthly payments, or simply getting more debt to allow you to make the payments on your existing debt.

But you can also use it to decide whether to put extra payments to existing debts or find the right time for getting a new loan, especially if you can't get a new loan.

If you can't pay off debt using your existing assets, the next best option is to exchange it for lower interest rates until you can pay it off.

The funds are generally used to pay off existing debts, hire in home medical care, make home renovations, or to cover ongoing living expenses.

If the debt consolidation loan is approved, you will use the proceeds to pay off your existing debts.

Personal installment loans are generally used by consumers seeking to consolidate outstanding debt or pay down existing credit card debt.

Using this option, you can ditch the existing mortgage and get money to pay off pending debts.

When it comes to getting a personal loan for bad credit management, the loan itself can be used to lower existing debt by consolidating the loans together into one single debt.

You can use the funds from a reverse mortgage loan to pay off other debts, such as an existing mortgage or you can use the funds for regular expenses.

Those dealing with existing credit card debt can also use this card to pay down those balances interest - free for year.

It mandates principal reductions and does not permit new subordinate liens to be used to pay off some portion of the existing mortgage debt, even if that debt were secured by the value of the property.

A debt consolidation loan is typically an unsecured form of financing used to combine existing debt and may be used to simplify bills and reduce monthly payments.

A consolidation loan can be used to clear all of the existing debts in one go, and reduce the overall monthly outgoings.

Approximately 75 % of borrowers use Prosper to consolidate or refinance existing debt.

While some financial emergencies can be solved by using a credit card, cards have been a source of financial problems because as a source of existing easy credit they have often been used casually, at times irresponsibly, and ultimately led to people having significant unsecured debt incurring high interest rates.

Cash - out refinancing is when you take out a new mortgage for more than you owe, allowing you to take the difference in cash or to use towards paying off existing debt.

They also provide a discount on your rate if you use at least 50 % of the amount of your loan to pay down existing debt.

This contradicts the typical format of lender priority, in which existing lenders who already have a claim to collateral used to secure debt would have the primary position.

If a borrower needs the bulk of their reverse mortgage payment immediately, they can receive it as a lump sum payment.6 A lump sum is recommended if the borrower has an immediate need to use a large amount of money to pay down existing debts, make renovations to the home, pay for healthcare expenses, or for any other reason.

The second consumer group which benefits from the DTI rule change is existing homeowners doing a debt consolidation: refinancing and using home equity to pay down credit cards.

By taking advantage of the intro APR offer new cardholders can transfer their existing credit card balance and begin using their payments to reduce their debt.

For example, you might want to use a 0 % balance transfer offer to pay off an existing debt with one card; take out another with a cashback or rewards incentive for everyday purchases; and then a third with a fixed - term 0 % spending deal for a big one - off spend, such as a holiday or home improvements.

Due to these details, fixed rate reverse mortgages are usually best for borrowers who plan to use their reverse mortgage funds all at once, such as to pay off an existing mortgage or other debt, or to make major home repairs or modifications.

In today's low interest rate environment, my advice is to pay down existing debt and use this opportunity to free yourself.