So far, we have settled three debts and I have just two
more higher debts that they are going to have to settle, which would be about another year.
Not exact matches
DAKAR, April 24 - Congo's state miner Gecamines is starting legal proceedings to dissolve its Kamoto copper and cobalt joint venture with a subsidiary of Glencore, blaming the commodities giant for
high debts that have weighed on the mine for
more than 10 years.
«Their economies are actually growing
more than other economies, their quality rating is
higher, the
debt to GDP is much lower than the industrialized world.
While Canada's record
high household
debt makes the economy
more vulnerable, the bank's cautious approach is helping to manage the risks, Poloz said.
But
debts that carry a
high interest rate (typically over 8 %) and weren't used to strategically help you afford a big purchase, are
more problematic.
Two
more years of economic pain Australia faces a longer period of low growth,
higher debt and
higher unemployment than predicted just four weeks ago as the wave of job losses gathered strength, with clothing manufacturer Pacific Brands axing 1850 staff across the country.
And as organizations such as the IMF and the OECD have constantly warned,
high household
debt renders the country far
more vulnerable to economic shocks.
Household
debt is
high, but Bank of Canada governor Stephen Poloz is
more focused on sluggish growth
Of the nine winners who did report challenges building their startups because of student - loan
debt, only three left school owing
more than $ 35,000, the average amount for class of 2015 graduates (the
highest in U.S. history), according to a report by financial aid resource Edvisors.com.
Many consumers use HELOCs to refinance
higher - rate
debt, or simply to help them spend
more.
The pressure to put money into the industry has created ideal conditions for fundraising, which is why we have such a
high amount of dry powder and that's creating even
more intense competition for deals along with continued favorable credit markets which allow for cheap
debt.
For a retailer with scant discounting and zero
debt, Nasty Gal has racked up some seriously drool - worthy numbers: international sales of $ 128 million in 2012, four times
higher than the year before; 535,000 Facebook fans; 420,000 Instagram subscribers; 68,000 Twitter followers; and
more than 2 million monthly unique visitors to the website in September 2012.
The
higher the cash flow and lower the
debt, the
more chance these companies will continue paying dividends when timber prices are down.
Take that funding away and the market settles back into something
more closely aligned with the underlying reality — the one of
high unemployment / underemployment,
high oil prices, stagnant middle - and lower - class incomes, unprecedented wealth concentration in the upper class, demolished savers, under - investment in capital, and an ongoing transition to a low - wage service economy hard - pressed to service
debt.
Despite lower pay, women handle credit
more responsibly than men, on average, according to Experian, which reports that men have a 7 percent
higher incidence of late mortgage payments and 4.3 percent
more debt than women.
But for most households,
high debt is the disease, not the cure, and adding
more debt to «stimulate spending» is like trying to put out a fire with gasoline.
At
more than $ 26,000 per capita, the average Canadian's non-mortgage
debt is as
high as it has been since at least 2004, according to Transunion, a credit bureau.
«There's
more than enough global demand for
high - quality U.S.
debt,» he said.
Given that the government is currently running a deficit and is $ 20 trillion in
debt, scratching up the money to redeem those bonds would require either
higher taxes or
more government borrowing.
If mortgage interest rates were
higher, paying down this
debt would make
more sense, but with rates at about 4 percent, investing that money could yield a
higher rate of return.
Although mathematically it makes the most sense to pay back the
debts with the
highest interest rates first, for Sall, starting with the smallest ones — regardless of interest rate — was far
more motivating.
Although that's technically your lowest - rate
debt, it may be a
more pressing priority if you'll soon have a much
higher rate.
The
debt crisis will change the focus to the probable solution: A future of far
higher taxes and a government on autopilot to absorb
more and
more of the private sector.
Since credit card
debt compounds faster (at a
higher rate) than traditional investments, your
debt will grow
more quickly than your savings and investments.
who have thus far shown a willingness to buy
more despite Japan's relatively
high debt - to - GDP ratio.
Women are also taking longer to pay off student
debt, according to a report completed this year by the American Association of University Women, despite being
more likely to enroll and earning
higher grades than most of their male peers.
DAKAR, April 24 (Reuters)- Congo's state miner Gecamines is starting legal proceedings to dissolve its Kamoto copper and cobalt joint venture with a subsidiary of Glencore, blaming the commodities giant for
high debts that have weighed on the mine for
more than 10 years.
Wayne, New Jersey - based Toys «R» Us, which also owns the Babies «R» Us chain, is among dozens of traditional brick - and - mortar retailers that have struggled under
high debt as
more consumers shop online.
«Not just when they have a
higher paying job, but they're saving
more after paying off
debt and after getting married — those things are really notable,» she said.
Public sector banks are likely to be
more hesitant to lend money to these borrowers because chances of a turnaround for companies with
high levels of
debt seem unlikely, at least in the near term, according to Awtani.
The country also has a
high level of
debt servicing ratio, which made its banking system
more vulnerable.
His comments come after the IMF in October said that Canada's
high debt levels, and
higher - than - average pressure on Canadian households» ability to pay down that
debt in the private non-financial sector, leaves its economy
more sensitive to tighter financial conditions and weaker economic activity.
There has been a public debate about whether Canadians will have sufficient income in retirement given that generally people live longer, that there are
more people of retirement age and that savings rates are low
debt levels
high.
«
More debt interest,
higher taxes and smaller GDP.
Some funds are from
debt (less risky to the creditors, so it has a lower cost of capital to the firm), and some funds come from equity (
more risky to the investors, so these have a
higher cost of capital).
In addition, lower - and middle - income groups are relying
more and
more on their credit cards, with these groups reporting a
higher use of credit - card
debt.
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.
«What we really need is a
more flexible and accessible system of post-secondary education that's affordable, that allows people to shift between fields while they're in study, to train or retrain as market demands change, and right now, it's quite difficult to do that because of
high tuition and
high student
debt,» said McCormick.
Even young people with jobs still grapple with low wage growth, job insecurity,
high debt loads and
more
Notably, families in the Northeast spend about 70 %
more on college than those in the West, Midwest, and South, which might explain why the average
debt per graduate is
higher in that part of the country.
If you direct any extra money to your
highest interest rate loan first, you may save hundreds of dollars or
more in extra interest payments and you may be able to get out of
debt faster.
Asking for a
higher credit line does not necessarily result in
more debt.
We're investors at heart, and the best way to get started investing
more is by cutting out
high - interest
debt.
It's a (mostly) short term,
higher risk,
higher reward place to invest cash that has a low correlation with the stock market, but is far
more passive than buying and managing properties, has
more opportunity for diversification than private placements (minimums of 5 - 10K, rather than 100K), and most of the equity offerings (and all of the
debt offerings) provide monthly or quarterly incomes.
Irregular income and business expenses could help explain why self - employed individuals have
more credit card
debt, which leads to
higher interest rate costs.
Any refinancing of our
debt could be at
higher interest rates and may require us to comply with
more onerous covenants, which could further restrict our business operations.
The amount of
debt that is projected under the extended baseline would reduce national saving and income in the long term; increase the government's interest costs, putting
more pressure on the rest of the budget; limit lawmakers» ability to respond to unforeseen events; and increase the likelihood of a fiscal crisis, an occurrence in which investors become unwilling to finance a government's borrowing unless they are compensated with very
high interest rates.
As Scotiabank mentioned in a note last week: «
Higher interest rates are going to make the burden of refinancing the
debt considerably heavier, and as
more money goes into servicing the
debt, it means less money is available to spend on other things, which could lead to less infrastructure spending and increased austerity.»
The improvement in the current fiscal results was due to
higher revenues and lower public
debt charges, which
more than offset
higher program expenses.
The so - called «
debt - resource - hypothesis» suggests that
high indebtedness leads to increased natural resource exploitation as well as
more unsustainable patterns of resource use (Neumayer 2012).