"Mounting debt" means that the amount of money owed keeps increasing and becoming larger over time.
Full definition
A number of countries
with mounting debt loads can't continue to pay the interest portion of their debt, let alone ever pay it back.
While this may not pose a problem in every case,
mounting debt loads may ultimately take a toll on many of those families.
Still, it's hard not to imagine our freshly
mounting debt as the «This is fine» meme.
In fact, studies have shown that worries
over mounting debt can cause depression and other serious health issues.
You can face
mounting debt for a myriad of reasons from unemployment to divorce to medical issues and other financial reasons.
Consolidation is the recommended course of action
when mounting debts are getting too much to handle individually.
There is never a «right» time as some consumers don't care much about debt collector calls or
mounting debt totals.
It's not always a given in these uncertain times for several occupations, but one of the best ways to
avoid mounting debt is to maintain full - time employment.
Speaking in general terms, people with lower credit scores are perceived to value their possessions less, and are more likely to commit insurance fraud to
meet mounting debt obligations.
So with that in mind, how beneficial are consolidation loans when it comes to dealing
with mounting debts?
Some people facing foreclosure find themselves in this position because
of mounting debt that made it harder to make their mortgage payments.
On the other hand,
mounting debt burdens have made U.S. households more vulnerable to crises, and have presented a major obstacle to economic recovery.
Mounting debt tops America's jeremiad; the nation is busily paving a 12 - lane expressway to serfdom.
Remington Outdoor, one of the oldest firearm manufacturers in the United States, filed for bankruptcy protection yesterday
amid mounting debt and declining sales.
It's an effort to mollify deficit hawks who worry that tax cuts for businesses and individuals will add to the nation's
already mounting debt.
The U.S. government's AAA credit rating was reduced several years ago by Standard & Poor's because of the country's
mounting debt levels.
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.
A molasses - like economy and
mounting debt across the country has made the chances of a rate hike in the near future unlikely, as lower rates would lead to Canadians taking on even more debt.
Mounting debt paired with persistent financial illiteracy creates precarious economy, a recipe for the next crash.
As the nation
battles mounting debts and the shaky economic recovery, NAR draws a line in the sand to preserve generations - old housing policies.
Credit Management: Many consumers are finding themselves buried under a pile
of mounting debt.
It is therefore not difficult to see why the suggestion that you are not bound by legislation or commercial law may be attractive to someone who has
mounting debt problems or is facing eviction from their home.
Interviews with a half - dozen former employees showed the company's financial situation to be dire,
while mounting debts, unpaid bills, supplier lawsuits, and financial mismanagement have all served to chip away at the company's foundation.
Rising prices, stagnant wages and
mounting debt loads could send the housing market into a tailspin.
When you're
facing mounting debt, it can be tempting to turn to a quick fix, but doing so can actually do more harm.
«But if it has, if we finish this and all we've got is
mounting debt, then we really have not done our job.
As some countries in Europe suffer from low economic growth, high unemployment, and
mounting debt, it's not surprising that the European Union is faltering — and economists are busy parsing the stakes.
Valeant Pharmaceuticals is beset with problems — a collapsing share price,
mounting debt, unreliable financial statements — and it's now jettisoning its CEO and pinning blame for shoddy accounting on a former CFO.
What it means to you: Rising prices, stagnant wages and
mounting debt loads could send the housing market into a tailspin.
The Beijing branch of the China Securities Regulatory Commission (CSRC) issued a notice last week ordering LeEco CEO Jia Yueting to return to China to sort out
a mounting debt pile linked to his firms and protect investors» rights.
The legal proceedings stretched on for 15 years and included 341 meetings involving thousands of creditors, as ever -
mounting debt was restructured and Trump received a $ 500 million credit line from banks that assumed ownership of the property.
Couple that with
mounting debt and they almost had no choice but to accept a $ 1.3 billion bid from the global drinks giant Constellation Brands.
Phrases with «mounting debt»