Sentences with phrase «of consumer debt for»

That's a lot of consumer debt for a nation of 300 million people.

Not exact matches

Debt levels for the average Canadian household are moving down (perhaps we've been taking those warnings from the Bank of Canada to heart), and as a result there's been «modest» growth in consumer spending, said Ferley.

But debt is still a major consideration for most Canadians when they head out to shop, which is limiting the strength in consumer spending and having an effect on the balance sheets of retailers, Ferley added.

Those consumers are carrying record levels of debt, so it's unlikely they can be counted on to carry the economy for much longer.

Known as debt settlement, it's a process by which consumers stop paying unsecured creditors, wait months or even years until creditors have given up hope of collecting, then offer to settle outstanding balances for mere fractions of the amounts owing.

Consumers using their tax refund to pay down credit card debt should also look for ways to improve their cash flow, said Andrea Blackwelder, a certified financial planner and a co-founder of Wisdom Wealth Strategies in Denver.

The Bank of Canada, for one, has carefully assessed the economic risks of consumer debt in order to determine how quickly it can raise interest rates without piling on too many debt - servicing costs for over-stretched households.

«You exchange not having that debt for having a bankruptcy on your report,» said Ike Shulman, co-chair of the National Association of Consumer Bankruptcy Attorneys» legislative committee.

While student loan debt currently is difficult to discharge in bankruptcy — you must prove undue hardship — most other consumer debt is fair game for either eliminating or negotiating a lower payback amount, depending on the specifics of your case.

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(Residential mortgage credit reliably accounts for about two - thirds of total household debt; the rest is composed of lines of credit, credit card and other consumer debt instruments.)

Thankfully a number of reputable financial companies allow consumers to search and apply for debt consolidation online, from the convenience of their home.

Our survey found that consumers accumulate credit card debt for different reasons, including spending above their means, bouts of unemployment and paying for the essentials that their income doesn't cover.

Consumers took advantage of the rates, rolling up loads of cheap credit for consumer loans, mortgages and student debt.

Consumers with student loans are more likely to turn to other sources of debt, including credit cards and personal loans, to help them pay for holiday spending — the survey showed they're also more likely to try to save money by selling presents they receive or re-gifting items.

The ensuing boom endowed the middle class in the United States and other countries, but was debt financed, first for home ownership and commercial real estate, then by consumer credit to purchase of automobiles and appliances, and finally by credit - card debt just to meet living expenses.

Risks associated with the Consumer Discretionary sector include, among others, apparel price deflation due to low - cost entries, high inventory levels and pressure from e-commerce players; reduction in traditional advertising dollars; increasing household debt levels that could limit consumer appetite for discretionary purchases; declining consumer acceptance of new product introductions; and geopolitical uncertainty that could impact consumer seConsumer Discretionary sector include, among others, apparel price deflation due to low - cost entries, high inventory levels and pressure from e-commerce players; reduction in traditional advertising dollars; increasing household debt levels that could limit consumer appetite for discretionary purchases; declining consumer acceptance of new product introductions; and geopolitical uncertainty that could impact consumer seconsumer appetite for discretionary purchases; declining consumer acceptance of new product introductions; and geopolitical uncertainty that could impact consumer seconsumer acceptance of new product introductions; and geopolitical uncertainty that could impact consumer seconsumer sentiment.

EarnUp puts a few dollars aside for loans when consumers can afford it — then makes payments for the consumer, allocating funds the way that gets consumers out of debt faster.

With its flexible financial system and the gradual elimination by the 1970s of all capital restrictions, the United States was able quickly to adapt, and began running large trade deficits whose costs, in the form of unemployment and consumer debt, it was willing to absorb for geopolitical advantage, the importance of which soared during the Cold War.

Western allies press Trump to maintain nuclear deal with Iran: Reuters US intelligence monitors Iranian cargo shipments into Syria: CNN A trade war is a major risk for China's debt - ridden economy: CNBC Federal judge orders gov» t must accept new DACA immigration applications: WaPo Unification of Koreas still unlikely as leaders prepare to meet: Reuters US Consumer Confidence Index rebounded in April after March decline: CB New home sales in US increased to 4 - month high in March: MarketWatch Richmond Fed Mfg Index turns negative for first time since 2016: Bond Buyer S&P Case - Shiller Home Price Index surged in Feb, up 6.3 % y - o - y: CNBC Federal Housing Finance Agency: US house prices continued to rise in Feb: HW Corp bonds with lowest investment - grade rating look vulnerable: Bloomberg 10 - year Treasury yield reaches 3.0 % for first time since 2014: CNN Money

Just like a thorough vetting of cabinet nominees could have foreseen the scandals that later emerged, a thorough vetting and review process for the monster tax cut legislation would have cautioned against such radical moves in the face of massive maturing supply, a trimming Fed, and a debt - strapped consumer that is seeing higher interest rates on mortgages and credit cards as a result of the spike in rates.

Here are some goals for this period of your life: Aim to be free of consumer and student debt; accumulate an emergency reserve fund of six to 12 months of living expenses; and try to increase your retirement savings contribution up to 15 percent.

MH: The problem of inadequate consumer demand to fuel an economic recovery does not lie with the cost of labor so much as with the fact that it is now normal for families to pay a quarter or even a third of their income for debt service.

It's a challenge for Canadians still struggling to cope with the record amounts of consumer debt they amassed after the 2008 financial crisis because lenders use their prime rate as a benchmark for setting some other short - term rates including variable - rate mortgages and lines of credit.

Minister of Finance Bill Morneau is trying to balance soaring household debt levels against the need for strength in consumer spending.

If you are owed money but you are unable to collect for any reason, or you have a portfolio of consumer's schedled payments or process, our debt collection or loan service can be your answer.

We did not account for debt in mortgages, for example, in our estimate of the rate hike's impact on consumer finances.

On the heels of multiple warnings from the Bank of Canada that Canadians have taken on too much household debt for comfort (we hold the dubious distinction of having the worst consumer debt to financial -LSB-...]

We are accredited by the Office of the Superintendent of Bankruptcy to provide government debt relief programs for Canadians including personal bankruptcy and consumer proposal services.

Canadians have a debt problem — the key measure of a consumer's debt burden now stands at a record level — which is why Finance Minister Jim Flaherty and Mr. Poloz's predecessor Mark Carney urged households for months to put a lid on it.

According to Statistics Canada, Canadians now owe $ 1.67 for every dollar of disposable income and Canada's total consumer debt is now at a sky high $ 2.03 trillion.

For consumers with a large amount of debt on revolving lines of credit, such as credit cards, a loan can also help them pay back that debt on a set schedule.

According to Consumer Reports, these companies ask for the fees upfront, and they can be up to 15 % of the total amount of the debt.

While credit cards remain a popular payment option for consumers, two consumer trends are working to dampen credit card volume: a broad movement towards debt reduction, and greater use of alternative payment methods.

Consumers, who account for about 70 % of GDP, are hamstrung by debt.

One would hardly realize that the problem facing U.S. industrial employment is that wage earners must earn enough to pay for the most expensive housing in the world (the FDIC is trying to limit mortgages to absorb just 32 per cent of the borrower's budget), the most expensive medical care and Social Security in the world (12.4 per cent FICA withholding), high personal debt levels owed to banks and rapacious credit - card companies (about 15 per cent) and a tax shift off property and the higher wealth brackets onto labor income and consumer goods (another 15 per cent or so).

The «officially tabulated» mainstream b.s. reports are not picking up the numbers, but the large credit card issuers (like Capital One) and auto debt issuers (like Santander Consumer USA) have been showing a dramatic rise in troubled credit card and auto debt loans for several quarters, especially in the sub-prime segment which is now, arguably the majority of consumer debt issuance at theConsumer USA) have been showing a dramatic rise in troubled credit card and auto debt loans for several quarters, especially in the sub-prime segment which is now, arguably the majority of consumer debt issuance at theconsumer debt issuance at the margin.

Lawsuits filed against one of the nation's largest student loan servicers by the federal government's consumer watchdog and two states highlight the importance of knowing your options for repaying student loan debt.

«The type of credit that this bill helps consumers access is the kind that makes it easier for vulnerable consumers to sink into insurmountable debt — like payday and other high - cost loans.»

For those consumers, opening a secured card account should be part of a more comprehensive financial plan that assists them with budgeting, debt management and debt consolidation.

The Bank of Canada has laid out a clearer path for interest rates, pushing back the timing of an eventual increase, while warning for the first time that it could boost rates to dissuade consumers from taking on more debt.

Weakening consumer credit metrics at the bottom of the credit chain (i.e., revolving debt and automobiles) imply that large - scale borrowing could be poised for a slowdown.

Unfortunately, this process had perverse effects, because it enabled cash - strapped consumers to take on more debt for a given level of income, because the interest costs were lower.

Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.

We have suspected for some time that many consumers have been paying their everyday expenses with credit cards and other forms of revolving debt.

If you're looking for a business story to intrigue your readers, try one on predatory lending, something that involves the ever - popular topics of money, politics and consumer debt.

The proceeds will be used to reduce debt, with the balance of about $ 300 million available for investment it its consumer business and possible distribution to shareholders, it said.

What should have been presented is decade long trends about: farm and processor bank debt; return on equity; full and part - time employment trends; farm and processor business numbers; domestic versus overseas value adding to commodities; volume and value of imported ingredients and products; international versus Australian processing costs comparisons for major foods like meats, flour, oils, milk products; and the farm gate price share of the consumer dollar for fresh foods like fruit and vegetables, milk, meats, bread, juice, eggs.

Toys R Us, one of the top toy and children's furniture and juvenile products retailers in the nation, filed for Chapter 11 bankruptcy protection early this week, faltering under a massive debt load that has accumulated at a time when more consumers are shopping on line.

Many have to work harder for the same, or even less money, leading to record levels of consumer debt.