Sentences with phrase «high interest consumer debt»

The payment on a consolidated debt will be much lower than the payments on high interest consumer debt.

Paying off any debt (especially high interest consumer debt) means you'll have improved cash flows because you won't have to worry about interest accumulating on the debt.

Although not the most prudent fiscal strategy, it is not uncommon for consumers to consolidate debt and pay off higher interest consumer debt by consolidating it into a lower interest mortgage.

There is some debate as to whether or not you should pay off high interest consumer debt such as credit card balances before you establish an emergency fund.

After your emergency fund is in place focus on high interest consumer debt.

I must admit that when people ask on what to do with their excess cash flow, besides the obvious of high interest consumer debt, paying down the mortgage is probably what I suggest most.

Remember that if you are carrying high interest consumer debt, as in higher than 3 - 4 %, you already have the best «deal»... use your cash to pay it off.

One of the biggest benefits of buying within your means is that it gives you flexibility in your finances — lower mortgage payments means more money to save, invest, pay down any high interest consumer debt or simply put towards the mortgage principal.

It depends on a lot of factors but I'd consider paying off the debt right away if its high interest consumer debt as you'd see an immediate improvement in your monthly cash flows (your monthly debt payments would be eliminated / decreased).

Do you want to make your high interest consumer debt part of your past?