Sentences with phrase «for paying off other debts»

However, if they would rather use the money for paying off other debts, or even for taking a nice vacation, they have that option, too.

These policies will typically have a face amount of coverage that is between $ 5,000 and $ 25,000 — so in many cases, an insured may also have additional funds in the policy that can be used for paying off other debts, uninsured medical expenses, and other ends of life costs.

It can also be used for paying off other debts, such as uninsured medical bills and the cost of hospice care.

One key reason for this is because the other life insurance that is already in force may be earmarked for paying off other debts.

Besides mortgages, term life insurance is also effective for paying off other debts.

Even though a quick cash loan looks like an economic solution for paying off other debts it is still one of the most expensive loans a consumer can get.

In many instances, the death benefit proceeds are used by the insured's loved ones for paying final expenses — such as funeral costs and unpaid medical bills — as well as for paying off other debt such as the balance of a mortgage.

Not exact matches

This makes for a great opportunity to focus on paying off your mortgage and any other debt.

Stashing away other windfalls — gifts of cash, gambling winnings, an inheritance — enables you to cover unexpected expenses, pay off debt or save for retirement.

Homeowners often tap it to pay for other expenses, like education, home repairs or remodeling — or to pay off other, more expensive debt.

In the NerdWallet survey, many Americans who have been in credit card debt said that if they didn't have credit card debt to pay off, they would save that money for emergencies (57 %), save it for a future goal (50 %) and / or put the money toward paying down other debt (33 %).

So it may make sense for a restaurant owner to pay off other large debts first before pursuing an additional loan, or to make sure you have enough assets to cover debt payments in the event the restaurant doesn't bring in as much revenue as you anticipated.

It's not hard to imagine that after a few years of owning your home, crushing it at work, and paying off other outstanding debts, that your credit could shoot for the sky.

May 03, 2018 Saving money for retirement or a major purchase can be difficult, especially if you're still paying off student loans, credit card bills and other kinds of debt.

If you'd like to take advantage of your home's equity to access cash for home improvements, pay off high - interest debt or manage any other expense, a VA Cash - Out loan may be just what you're looking for.

But if you need cash for something, whether it's for an investment or to pay off other more expensive debts, this could be a worthwhile decision.

Too often, the MTA is used as a piggy bank for other state groups to pay off their debts, which leaves transit users paying for debts that aren't theirs.»

They do not simply print money directly but instead sell bonds to the Federal Reserve in exchange for the currency it needs to pay off other debts.

... forces the treasury to prioritize paying off debts over all other obligations (such as paying the military, for example).

The other big issue is the proceeds of this will be used for the most part to pay off debt.

Once approved, we provide you a check to pay off your high interest debts, and also keep cash for any other reason.

If you're looking for lower monthly payments to ease cash flow, pay off other debt, or invest in other financial instruments, then refinancing into a new long - term loan makes sense.

This will include a debt reduction plan to cut out unnecessary expenses and finding other sources of funds for paying off debt.

If you're struggling with your credit, you likely have other financial issues and could use that money to pay off debt, start an emergency fund or save for retirement.

In most cases, if you are serious about paying off your tax debt, payroll deductions and direct debit offers more benefits than any other type of payment method for an installment plan.

If the creditor will not waive fees for paying off a debt early or any other fees attached to the debt, then you'll have to pay more money.

You can even use this savings for other money goals you want to achieve like paying off debt, boosting your emergency fund, or adding to your retirement savings.

On the other hand, the debt I acquired has been difficult to pay off — something I take full responsibility for taking on.

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.

If you were investing in homes and put debt on credit cards and you had to let them all go, paying a credit repair company may not be a good option for you especially if they are large debts as at least in Texas (other states vary) you can be sued for 4 years after the charge off date.

According to the National Foundation for Credit Counseling, credit counseling services typically do not negotiate reductions in credit card balances, they can help reduce interest and other finance charges that make it difficult to pay off your credit card debt.

But for others, that could mean canceling your cable TV subscription or giving up those manicures or hair cuts until you pay off all the debt.

In other words, if you pay off the debt two years after it was charged - off, the negative impact remains on your credit score for another five years, making it difficult to get a mortgage, auto loan, or even a debt consolidation loan.

If you can not qualify for any other type of loan, you're better off continuing to pay down your credit card debt.

For others, it's not an aggressive enough approach for paying off deFor others, it's not an aggressive enough approach for paying off defor paying off debt.

Many people will use money from a «cash out refinance» for home improvements, college tuition, weddings or other major events, or to pay off other debt.

That might be hard if Canadians not only stop saving for retirement but neglect to pay off their mortgage and other debts.

In fact, a high percentage of people, when their debt is paid off, simply find some other payments to make, for no other reason that it lets them off the hook of redefining their identity.

Among other debts I am trying to pay off, I would like to save for my kids college so that they don't have to deal with the stress of tens of thousands of dollars of student loans post graduation... does that count as a financial hardship?

While some people visit Ohio for the Rock and Roll or Football Halls of Fame, there are others who are going through their everyday lives wondering how they will pay off their debt.

«Though some parents may not be adversely affected by taking on student debt at midlife, other parents may be making trade - offs between saving for retirement and paying for their children's college through student loans.»

Subprime loans are a great way for people to pay off other debts.

You might also apply for a personal loan from a bank, credit union, or other financing source, and use the money from this loan to pay off your credit card debt.

A better options may be to opt for a 20 year term life insurance policy and deposit the difference in premiums into a retirement or other savings account (or use it to pay off debt).

Young, healthy individuals with families typically need enough life insurance coverage to pay off a home mortgage and other outstanding debt and provide some income replacement for their spouse and children.

One of the first cited reasons is to pay off high interest debt with a personal loan; however, borrowers with other plans can still qualify for a personal loan.

«Save big» is always a formula when it comes to paying off your credit card debt sooner, but if you're tired of carrying over the balance from one month to the other and you're looking for ways to pay off credit card debt fast, then you must educate yourself on some important points.

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.

You can then use the extra money that your reduced payment frees up to make additional payments toward your debt in order to pay it off faster — or use that money for other expenses.

Depending on when payments are due and other options available for handling retirement costs, annuities provide a solution for people struggling to pay off student debt.