The firm has warned for months that
increasing debt loads at companies could stir up trouble as interest rates move higher, making it more difficult for them to refinance.
Unfortunately, this can only
increase your debt load at an uncontrollable rate.
Not exact matches
Strong second - quarter economic growth figures last week has an
increasing number of economists predicting the central bank will raise rates sooner rather than later, which could help to curb consumer borrowing
at a time when Canadians have record
debt loads.
The best way, and frequently the only practical way, for a company to reduce its
debt load is to
increase net worth through retaining earnings
at a time
increases in assets are minimal.
Take a good, hard look
at your income and expenses and look for ways to either
increase the income or decrease the expenses until you can lighten your
debt load.
Student
debt loads have been
increasing at similar levels, with average private law school graduates owing over $ 90,000.
Legal education: as the cost of legal education has
increased the
debt load gets tougher to repay
at salaries that may be a fraction of big city firms.