Sentences with phrase «loan cycle begins»

Not exact matches

«The cumulative effect of interest rate hikes is going to begin mounting,» said Greg McBride, Bankrate.com's chief financial analyst, particularly on variable - rate loans such as credit cards, home equity lines of credit and adjustable - rate mortgages, which could rise within one to two statement cycles.

That is exactly what happened, the lenders exhausted the pool of borrowers, the reflexive impact of rising demand pushing prices higher began to wane, and the virtuous cycle turned dramatically (as they always do eventually) into a vicious cycle that triggered the Global Financial Crisis and those same banks that made all the ill - advised loans were crushed by massive losses Then, yet again, what were the «Masses» doing at the peak?

They then take out a new loan and the cycle begins again, until they're in over their heads.

The interest - free loan period can last as long as forty - five days for purchases made at the beginning of the billing cycle.

Taking out your first payday loan can be the beginning of the never - ending cycle of constant loans over a period of months and years.

If you do borrow to top up your RRSP, use the resulting tax refund to pay off as much of the loan as you can, suggests Mastracci, and certainly within a year before the cycle begins all over again.

Doing so will begin the payday loan cycle and increase the cost and the time to pay off the loan.