Sentences with phrase «in a debt cycle»

With the right education, entrepreneurs can keep running their businesses instead of getting trapped in a debt cycle until better standards for unregulated lenders are in place.

Do you feel you are stuck in a debt cycle of paying high monthly payments but not making any real progress paying down your debts?

This means the principal amount remains untouched and you'll be in a debt cycle until circumstances change and you can clear the whole amount.

Looking at the table above, it's easy to see how you could get trapped in a debt cycle with interest rates higher than 36 %.

However, in reality this is a recipe for becoming trapped in a debt cycle.

Payday loans are almost never a smart choice, since the high - interest rates and short repayment periods can quickly trap consumers in a debt cycle.

Debt Resolution is a viable option for anyone that has accrued debt due to unforeseen circumstances, is facing higher interest rates making it difficult to make the monthly payments, or feels they are stuck in the debt cycle of paying high monthly payments every month but not making any real progress paying down their debts under the original terms.

Often, people stuck in a debt cycle take one look at their minimum monthly payment and see an impossible sum — an amount that if added to living expenses becomes totally unaffordable.

Defaulting on payments will result in you paying hefty rates of interest and getting caught in a debt cycle again — not to mention further damaging your score.

This often traps borrowers in a debt cycle.

So I targeted my online marketing efforts at that point in the debt cycle.

As the founder of a small - business loan advisory, my firm often receives calls from entrepreneurs who are stuck in a debt cycle.

Otherwise, you become trapped in a debt cycle that costs you a great deal in interest.

If you simply must have a loan, be quite certain you won't get trapped in the debt cycle.

And this can land you in a sticky situation where you might have to default on the loan, trapping yourself in a debt cycle that can be difficult to break.

He says, «While these are advantages, business owners should always approach borrowing online with caution, as it's easy to get caught up in a debt cycle.