Eliminating or consolidating high -
interest rate debt solves multiple problems.
Not exact matches
I think I can predict that negative
interest rates and more aggressive money printing are not going to
solve the
debt problem.
While some financial emergencies can be
solved by using a credit card, cards have been a source of financial problems because as a source of existing easy credit they have often been used casually, at times irresponsibly, and ultimately led to people having significant unsecured
debt incurring high
interest rates.
Reducing the aggregate
interest rate on student loan
debt can help
solve this problem.
If you're in
debt because you were out of work but now you're working and have a good job you may have already
solved your cash flow problem so a
debt consolidation loan may be a good way for you to lower the
interest rate you're paying and get back on track.
Plugging the metrics into the format, and
solve for the
interest rate being paid for the
debt.
And not
solving the root issue of
debt can lead to such negative consequences as sky - high
interest rates, heavy fees, serious credit damage, legal action - even bankruptcy.