Sentences with phrase «in a debt trap»

If you use your credit cards too much, without being able to pay off your balance, it's easy to get caught in the debt trap.

When you have a considerable amount of debt, and a poor credit rating, you're essentially stuck in a debt trap.

Don't get in the debt trap unless you have your escape route planned.

It is important to plan your finances to ensure that you do not fall in a debt trap.

While challenging times can build moral fiber, you don't want to build character by getting involved in the debt trap.

If you don't pay off the balance each month, the interest charges will completely overwhelm your rewards, and you run the risk of getting caught in the debt trap.

«The rule is an important first step and will benefit some consumers who need relief the most, but a great deal of work is still needed to ensure that American families are no longer ensnared in the debt trap of high interest, abusive loans,» Michael Best, director of advocacy outreach at Consumer Federation of America, said in a statement.

Now the unlucky consumer is right where high - interest lenders want them to be: snared in the debt trap, paying interest and fees to the lender with little chance of escape.

Short - term loans, either from payday lenders or lenders that demand property such as an auto title as collateral, can ensnare borrowers in debt traps and lead to property losses while the annual interest rate can soar to over 400 %, according to federal regulators.

Oftentimes, a successful «predatory» loan results in a debt trap for the consumer, leaving them with harmful fees and mounting debt payments under their belts.

These lenders often bank on catching an inexperienced or desperate consumer in a debt trap, allowing them to make money off of strenuous demands under repayment agreements.

Financial Planning — Now that you have entered the world of self - dependents, it is time to stay prepared for facing numerous situations like getting locked in debt trap or loss of huge funds.

What can you do to juggle all those credit card bills and avoid drowning in a debt trap?

For people who are desperate to buy a home, the honey of a big, fat mortgage means they can be caught in a debt trap.

If a high - priced lender is keeping you in a debt trap, get out of it!

In The Debt Trap, Canderle explores some of the more controversial business strategies such as quick flips, repeat dividend recaps, heavy cost cutting,...

We need to address the public financial management system, otherwise, we will find ourselves in the debt trap and leave huge debts for coming generations.»

When balances are carried forward then the debts mount quickly and before one realizes they are in a debt trap and struggles to pay due to high...

If you're in a pinch and have poor credit, short - term loans can provide emergency funds as needed, but we highly advise you to pay the loan back in full as soon as possible, or you may quickly find yourself in a debt trap.

Often, in desperation, entrepreneurs take on more debt to repay the debt taken earlier, and end up in a debt trap that can be very difficult to get out of.