You might not realize just how big that number is until you start making
huge payments on your debt.
Not exact matches
Lower interest rates, slower amortization rates («interest - only loans»), lower down
payments and easier credit terms enabled millions of Americans to take
on huge debts today with the hope of reaping
huge capital gains sometime in the future — or simply to avoid having to pay more as home prices rose beyond their means.
Maybe, the Ashanti regional minister needs to be reminded that Ghana is a nation governed by laws and not
on whims of self conceited government appointees who take instructions from political simpletons; may he be reminded once again that, through this act of indiscretion, he is effectively opening the government up for
huge legal liabilities that may culminate in the
payment of
huge government
debt.
And if a
debt settlement company tries to sell you a repayment plan based
on arbitrary monthly
payments over three or five years, that could be a
huge problem for you and lead to you getting sued by a creditor or three.
Your mortgage
payments go through
on time for half a decade, and suddenly the
huge debt does not keep your credit score suppressed.
Beginning to make
payments on such a
huge amount of
debt can feel incredibly overwhelming — especially when you're already paying for holiday travel, gifts, and entertainment.