Sentences with phrase «of debt a consumer»

Debt - to - credit ratio: Also often referred to as a «credit utilization ratio,» this is the total amount of debt a consumer has accrued versus their total credit allotment.

This timeframe is based on the amount of debt the consumer holds and the ease with which it can be negotiated or settled with their creditors.

«The amount of debt a consumer carries tends to be highly predictive of future credit performance because the amount a person owes has a direct impact on her or his ability to pay all their credit obligations on time each month,» said Barry Paperno, a credit scoring expert who has worked for FICO and Experian.

That puts you far ahead of the vast majority of debt consumers I think.

The amount of debt consumers piled up increased by 4.91 percent in the third quarter of 2012, compared to the same period in 2011, and increased by half a percent compared to the previous quarter.

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.

But in recent years, as the Bank of Canada held interest rates to historically low levels and consumer debt skyrocketed, the federal government tightened mortgage restrictions on regulated financial institutions, including HCG.

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

The savings rate is close to the 25 - year average of five per cent, which doesn't point to a consumer debt apocalypse.

A new survey by the Consumer Federation of America lists auto sales, home repairs and debt disputes among the top consumerConsumer Federation of America lists auto sales, home repairs and debt disputes among the top consumerconsumer gripes.

Consumer debt servicing dropped to 3.0 % in the first quarter, from a peak of 4.2 % in the fourth quarter of 2007.

The result is Canada is at «some risk» of a balance sheet recession — a period of slow growth or decline caused by consumers saving and paying down debt rather than spending.

Consumer debt - servicing has fallen recently, and ratings agency DBRS warns of the risk of mortgage defaults

Focus on eliminating your monthly credit - card balance first, then other forms of consumer debt such as car loans and lines of credit.

Though Portugal is one of the fastest growing euro zone economies, problems with non-performing loans and high debt among businesses, individuals and government are a big hurdle - mainly at a time when the government's strategy is focused on consumer spending.

On the other hand, leaving the interest rate low encourages the kind of borrowing and spending that has produced record - high levels of consumer debt in Canada and pushed housing prices into the stratosphere.

Robert Abboud, a certified financial planner based in Ottawa and author of No Regrets: A Common Sense Guide to Achieving and Affording Your Life Goals, says high - interest - bearing consumer debt should be tackled first.

Through its «seven baby steps,» (and radio program, TV show, podcast, courses and live events) the Ramsey organization has helped millions of Americans get out from the crushing burden of consumer debt and begin building wealth through smart saving, responsible spending and careful investing.

If consumers are tapped out or wary of taking on more debt, then bank credit can be expanded to the moon and households will not borrow more money.

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

Consumer advocates would like to see the agency require every company involved in selling, buying, or collecting debts to ensure the integrity and accuracy of the information used in the process.

In its latest study on private student loans, the Consumer Financial Protection Bureau completes what up until now has been a fragmented picture of America's growing student debt crisis.

Researchers said it carries over to debt repayment strategies, where the «small victory» of paying off a card balance can motivate consumers to dig out of debt faster.

A 2012 study of debt - payoff strategies from Northwestern University's Kellogg School of Management found that consumers paying off small balances first were more likely to have eliminated their entire debt than those focusing on other strategies.

The average age of a U.S. vehicle is nearly 12 years old, a reflection of car quality but also swelling consumer debt, an expert tells CNBC.

One out of five credit reports contains medical debt in collections, according to Consumer Financial Protection Bureau report.

«The debt buyers find it very lucrative to file a lot of lawsuits at once, without doing a lot of work,» said Margo Saunders, staff attorney with the National Consumer Law Center.

By taking your student loan debt and combining it with your other outstanding consumer debt — cedit cards, mortgages, lines of credit and loans — you have the ability to negotiate or take advantage of a lower interest rate, all while streamlining your payments to one lender and one payment per month.

Consumers who used debt to fund holiday purchases last year took on an average of $ 1,003 in new debt, according to MagnifyMoney.

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.

But much of that is contingent on consumer spending, which is being financed by record levels of debt.

As economic satisfaction increases, «consumers are more comfortable spending and confident they can manage any new debt,» said Rod Griffin, Experian's director of public education.

«The rule is an important first step and will benefit some consumers who need relief the most, but a great deal of work is still needed to ensure that American families are no longer ensnared in the debt trap of high interest, abusive loans,» Michael Best, director of advocacy outreach at Consumer Federation of America, said in a statement.

Nashville - based Gibson, whose legendary brands include Les Paul and SG, has been suffering under $ 500 million in debt linked to the acquisition of its consumer electronics business overseas, where sales have been in sharp decline.

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.

In the near term, higher interest rates will have an immediate effect on consumers with credit card debt, home equity lines of credit and those carrying adjustable rate mortgages.

Candace Klein, the CEO of SoMoLend, a debt - based funding platform, points out: «We are usually targeting consumer - facing brick - and - mortar companies — restaurants, retailers, salons, gyms — that already have customers, already have cash flow, and can service debt.

The record high levels of consumer debt among Canadians has also raised a red flag from Bank of Canada governor Mark Carney and others who have warned that interest rates will rise at some point — raising the cost of borrowing.

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.

U.S. consumers continued to pay down debt in the first quarter of 2013 as household wealth rose above its pre-recession peak.

Because there aren't many bargain stocks out there, she recommends taking advantage of low rates on student loan and consumer debt to pay down slowly while investing with cash savings.

The Times cites Robyn Smith, a lawyer with the National Consumer Law Center, who «has seen shoddy and inaccurate paperwork in dozens of cases involving private student loans from a variety of lenders and debt buyers, which she detailed in a 2014 report.»

Their debt now is in excess of 160 % of disposable income, a level that suggests consumers will be more inclined to get right with their lenders than to continue spending at their post-crisis pace.

«Many consumers have learned the hard lessons of recession, and have redoubled their efforts to keep debt at manageable levels,» ABA's chief economist, James Chessen, said in a statement.

c) the amount of money that the consumer must owe or the percentage of each of the consumer's debts that must be outstanding before the operator will initiate attempts with the creditors of the consumer or their debt collectors to negotiate, settle or modify the terms of the consumer's debts;

«Forced arbitration is a get - out - of - jail - free card that lets banks, payday lenders, and debt relief scammers avoid accountability when they violate the law,» said Lauren Saunders, associate director of the National Consumer Law Center, in a statement.

At the end of the day, though, the biggest threat to Canada might likely come not from financial markets, but from what a debt ceiling breach would do to U.S. consumer and business confidence and thus the pace of growth south of the border.

h) the effect of the services on collection efforts of the creditors of the consumer or their debt collectors.

With the rate of home ownership now close to 70 %, and with household debt at a record high, much of the financial health of Canadian households is inextricably linked to home values, making it the kind of dominant concern that not only affects household finances, but consumer psychology and confidence.