Sentences with phrase «high balance debts»

If one or more high rate, high balance debts remain, however, the debt avalanche approach to debt repayment can save a bundle.

Not exact matches

If you can leave this decade with minimal debt, you're in good shape — focus on paying off your highest interest rate debt, and your credit card balances monthly.

In its last assessment, S&P said that Portugal's outlook was stable, «balancing our expectation of further budgetary consolidation and likely receding banking sector risks over the next two years against the risks of a weakening external growth environment and vulnerabilities related to high private - and public - sector debt.»

Some consumers prefer to focus the highest - rate debt first (a.k.a., the avalanche method); others knock out the smallest balance first (a.k.a. the snowball method), said Greg McBride, chief financial analyst at Bankrate.com.

Some consumers prefer to focus the highest - rate debt first; others knock out the smallest balance first, said Greg McBride, chief financial analyst for Bankrate.com.

• Pay debts on time • Maintain a higher average daily bank balance • Become profitable (if that's not the case currently) • Continuously check your credit score to determine if it is improving

However, there's still time to consider a zero interest balance transfer offer and make aggressive steps toward paying down your high - interest debt once and for all.

Get aggressive and knock out high - interest debt now, since later you'll probably be balancing saving for your own retirement and for college if you have kids.

An alternative is to pay off high - interest credit card balances using another type of debt consolidation loan or by refinancing your mortgage with a cash - out option.

Last, companies with high cash balances can also return money to you directly by paying off debt, and thus increasing profits; buying back outstanding shares; and even paying a dividend.

NEW YORK — Auto loan originations are at the highest level in eight years and auto loan balances, which include leases, have increased for the 13th consecutive quarter, according to the Federal Reserve Bank of New York's Q2 2014 Household Debt and Credit report.

People who carry a balance on their credit cards typically pay rates of 17 percent or higher, according to Nick Clements, author of «Secrets From An Ex-Banker: How To Crush Credit Card Debt» and co-founder of price comparison website MagnifyMoney.

Similarly, the debt avalanche method requires you pay down the highest interest rate loan first while paying the minimum balance on the rest of your loans.

A more cost - effective strategy is the debt avalanche method, under which you tackle the balance with the highest interest rate first.

The more deeply unbalanced an economy, the higher its debt levels, or the more highly systematically distorted its balance sheets, the more the two forecasts will diverge and the more urgent it is that economists incorporate the balance sheet in their analyses.

Outstanding revolving balances — largely credit card debt — again hit a record high in January, while student and auto loan debt grew by 5.6 %.

The solution points toward higher global inflation to solve overextended debt - ladened balance sheets, he warns.

Your debt - to - income ratio is one of the main ways that lenders can assess your viability as a borrower, so if you carry high balances on your credit card, it could affect your overall DTI.

Admati and Hellwig counter that the only reason stockholders demand such a high rate of return from banks is to compensate for the relative riskiness of banks — and that they are risky precisely because of all the debt they hold on their balance sheets.

We estimate that balancing the budget in ten years would require savings of between $ 7 trillion and $ 10 trillion, while just stabilizing the debt at its already high level would require $ 5.4 trillion to $ 8 trillion.

The sharpest declines in private - sector employment have occurred in the «high - tech» industries whose balance sheets have become so debt - ridden that they have been obliged to cut back their investment in order to use what revenues they have to pay their bankers and bondholders.

This is the next great challenge for Beijing, and when the regulators finally do start to repair overextended balance sheet, with a much higher debt - to - GDP ratio than any other country at China's stage of economic development, according to a presentation Monday night by my very smart former student, Chen Long, I expect annual GDP growth rates will continue dropping steadily, by 1 - 2 percentage points a year through the rest of this decade (and there has been increasing talk in the past month or two that GDP growth rates are already 1 - 2 points below the printed rates).

The decrease was the result of both higher levels of «chargeoffs» — debt that card issuers write off as uncollectible — compared to 2007 and lower new balances than in 2007.

Relatively high debt loads as featured on pretty much every junk - rated issuer's balance sheet must be serviced with cash.

There has been some progress in strengthening household balance sheets in Korea, but debt - stress indicators are still high and this process seems likely to have further to run.

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.

If you have high - interest debt, such as credit card balances, but are keeping up with payments and maintaining good credit, you're an ideal candidate for debt consolidation.

In December, PK repaid $ 55 million in maturing high - yield bonds, which carried a 7.5 % coupon, leaving the company with a forward debt maturity schedule that is well - balanced and very manageable with no major maturities until 2021.

By throwing those extra funds toward your smallest balances or the loans with the highest interest rate, you can start really digging your way out of debt once and for all.

My balance was higher than my nonprofit salary and I had no idea how I was ever going to get out of debt.

Where some people focus on the debt snowball or debt avalanche methods, others might transfer high - interest balances to a 0 % credit card, sell possessions to raise cash they can use to pay down debt, take on a part - time job to speed up the process — or some combination of all these methods.

Higher costs and an increase in debt payments for outstanding balances are the new realities for borrowers with debts that adjust based on an underlying short - term reference rate (LIBOR and the prime rates are examples).

Also known as debt consolidation, borrowers with multiple high interest cards often transfer their balances elsewhere to benefit from a zero or low interest introductory rate.

An example of high - interest debt is an outstanding balance on a credit card, which can sometimes come with interest rates in excess of 20 %.

You should still try paying down your debt balances, especially the ones with rates of 10 % or higher, but balance it with investing.

Businesses with less free cash on their balance sheets and higher debt levels would be expected to be more sensitive to absolute rates and / or interest rate changes than others.

According to the CFPB, the median IRA balance for savers ages 50 to 59 was $ 25,000 higher for those who didn't have student loan debt.

Verizon now carries a high amount of long - term debt on its balance sheet, partly due to that purchase.

When you have lower monthly debt payments through credit card consolidation, a smart idea is to build up a higher savings account balance with small, regular deposits in your savings account.

But the company is planning around $ 8 billion of acquisitions over the next two years, a sum that, while large, is easily affordable, given DHR's high cash balance and low debt - to - capital ratio.

Generally, the ideal candidate to consolidate debt through Payoff will have a relatively high level of income and significant account balances on high interest credit cards, but they may have managed to maintain a high credit score despite their struggles with debt.

They failed to take credit or make the case for the economic upturn, and how their policies have much to do with lower unemployment (5.8 %), significant debt reduction, healthy corporate balance sheets, greater financial stability (Dodds - Frank), record stock market numbers, as well as reducing the gap between high earners and the middle class through Obamacare and reducing the Bush tax cuts.

Also, if you've got decent credit but have high interest credit card debt, you may be able to lower your card payments by considering the possibility of moving your balance over to balance transfer cards, but only if they turn out cheaper for you in the long run.

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.

Your balance transfer card should be used exclusively to pay down debt faster, and you don't need high - rate purchases mucking up those efforts.

Often their revolving balance is much higher than what is listed, and / or they have loans other than credit card debt, or income doesn't include their spouse's income, etc..

You move your high - rate balance to a new card with a 0 % introductory rate, and you make payments aggressively to reduce your debt.

Now, in order to boost your debt pay down, you would want your entire $ 250 to go toward the purchase balance, with the higher APR..

With this method, you order your debts from lowest balance to highest balance.

Last but not least is STORE's fortress - like balance sheet, exemplified by its very low leverage ratio (Debt / EBITDA) and one of the highest interest coverage ratios in the industry.