Sentences with phrase «fall in a debt trap»

Not exact matches

«An individual should sit down with a financial professional to look at their whole picture if the windfall is of any size,» said Alexis Hongamen, a money manager at Federal Retirement Investment Advisers in Orlando, Fla. «For small windfalls, it may be best just to pay off credit card debt and promise themselves never to fall into that trap again.»

Falling in the trap of debt is...

I'm a twenty three year old woman who fell into the credit card trap and was in debt for more than I make a year.

These parents can fall prey to payday loans and get trapped in a vicious cycle of long - term, high - cost debt.

Until you do, you will not be eligible to borrow money at the best rates for things you want to do in the future and can fall into debt traps such as payday loans much easier than someone who understands how credit and bank accounts work.

Many people will search for help in consolidating debts as a way to avoid filing bankruptcy and often fall into the trap of committing to a higher interest rate debt consolidation loan because the only financial institutions that will qualify you will typically charge you a higher rate of interest for doing so.

Just make sure you aren't going to fall into the debt trap again in the future.

I've been very careful not to fall into the «debt trap» that many Americans will be caught in by living below my means and saving.

The trap of debt can be very easy for you to fall into in a variety of ways, particularly if you look to solutions like payday loans to help you when you are experiencing a severe money shortage problem.

Buying a House in the Military is a Horrible idea — Unless you Do this Many service members have fallen into the trap of buying an over-priced house, which can lead to massive debt or foreclosure.

Lower - income borrowers often wind up trapped in a cycle of debt, taking out a string of payday loans, paying high fees with each one and falling further behind financially.