Sentences with phrase «off higher cost debts»

Have you taken out a consolidation or secured loan with the intention of paying off higher cost debts?

You can use idle cash or bonuses to clear off high cost Debts first.

Not exact matches

This will set off a vicious cycle of higher deficits that lead to higher debt, which in turn will mean higher interest costs and less funding available for healthcare, education and other provincial services.

While high - interest debt should be avoided at all costs, a 0 - percent - interest offer could be useful in a pinch, so long as you pay it off before the deal expires.

Mr. Ceci also announced that the government would legislate a debt ceiling of 15 percent debt - to - GDP in order to hold off a risk of credit downgrades and higher debt service costs.

● Lower interest costs and get you out of debt faster A Consolidation Loan could have a lower interest rate than your high interest credit cards, allowing you to save on interest costs so you can pay off higher - interest debt faster.

The combination of rising college costs, higher student debt, and stagnant wages has also contributed to student borrowers waiting longer to pay off debt.

Since a mortgage is low - cost debt — especially today — one of the best uses for the money obtained from a Cash - Out refinance is to pay off high - cost debt such as credit cards.

The Barclaycard Ring ™ Platinum MasterCard ® is the most cost - effective balance transfer solution for those struggling to pay off their high interest debt.

But it requires discipline, and extending the term on your education loans will increase their cost, especially if you fail to pay off your higher interest debt.

However, the change will also reduce a consumer's chance to use a low interest cost mortgage refinancing to pay off any unsecured debts that are high in interest.

Paying off high - cost credit card debt is a good idea.

Your next most attractive opportunity will likely be paying off high - cost debt, notably credit card debt.

More from Personal Finance New - car shoppers: Brace yourselves for higher costs Shopping for a savings account finally pays off Student loan debt can make buying a home nearly impossible

The unstated idea behind LendingTree's recommendation is to take out a home equity or so - called consolidation loan, or to refinance your current mortgage and take cash out (like millions of now underwater homeowners did in the decade or so leading up to the 2008 U.S. housing crash), to pay off other, smaller but higher cost, debts like credit card or medical debt.

That psychological victory can help you gain momentum and confidence about your debt repayment plan and stick with it, even though it may cost more money than paying off your debts starting with the highest interest rate first.

Transferring high - cost credit card debt to a new credit card offering low or no interest can help you pay off credit card debt faster and with less expense.

When working out a budget and snowballing your debts, I think it's sometimes important to treat yourself when you reach a milestone (eg, get your debt below # 10,000, pay of your highest APR credit card etc.), however remember if you do that, that anything you spend is money which is not paying off your debt, and therefore costing you more!

The high fees and costs of alternative lending products making getting off this debt cycle very difficult.

For a larger loan like a mortgage, a higher rate can cost you tens of thousands of dollars by the time you finish paying off the debt.

The biggest example I can think of when you want to pay off debt first is when your debt is costing you a higher interest rate than what you would earn in the stock market.

So, if you are looking at paying off any debts whatsoever, it should be those high - cost loans.»

Well, that's what Point is doing, and it has some intriguing uses - including being used as a «bridge loan» to cover the costs for buying a new house, to paying off high interest debt.

That is because the proceeds from a life insurance policy can be used for paying off large debts, ongoing living expenses by the insured's survivors, and for the high cost of the insured's funeral and other final expenses.

If you have credit card debt, you should start with the highest interest cost and pay it all off quickly.

By getting a low - cost second mortgage you can pay off these kinds of high - interest debts and have more cash each month.

Homeowners may qualify for home equity loans or lines of credit that they can use to pay off high cost consumer debt but need to make sure they can make the payments.

Paying off high cost consumer debt is a priority, but having emergency savings can help minimize the potential costs of using credit cards to handle household emergencies.

Consolidating high cost debts to a debt consolidation loan with a lower APR can assist with paying off debt faster.

At the other end of the spectrum, a refinance loan is a great way for a consumer to roll all of their unsecured debts into one new loan, but it will typically take 30 years to pay off that new mortgage loan and the total cost could be high, given decades of compounding.

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The much - battered energy sector retreated another 0.31 per cent and now is down about 30 per cent year to date in a sell - off that has lumped high - quality, low - cost producers with companies that are more vulnerable to low oil prices because of higher debt and production costs.

One of the key reasons for this is because the proceeds from a life insurance policy can be used for multiple needs of one's survivors, such as paying off debt, replacing income for everyday living expenses, and paying the high cost of the insured's funeral and other final expenses.

If you can refinance at a substantially lower interest rate, you'll eliminate the high interest costs of the debts you pay off, and you could even come out with a lower payment than you have right now since rates are so low.

In today's higher education and lender environment, it is entirely plausible to match tuition costs with student loans, but paying off that debt is another story.

● Lower interest costs and get you out of debt faster A Consolidation Loan could have a lower interest rate than your high interest credit cards, allowing you to save on interest costs so you can pay off higher - interest debt faster.

Balance transfer credit cards, which enable consumers to shift high interest credit card debt to a lower interest credit card, are an excellent tool for anyone looking to cut costs as they pay off their debt.

One challenge in spinning off its gas network into a separate company and making it attractive to investors was the amount of debt it could hold relative to its assets — it would need to be higher than the energy regulator's limit, while at the same time needing to maintain an investment - grade credit rating so it could benefit from cheaper borrowing costs.

The financial cost of a construction accident can pile up quickly, especially if you are laid up or in a hospital, leaving you facing high expenses and debt that could take years to pay off — if ever.

Profit squeeze: Mid-size law firms will continue to be affected by a «profit squeeze» resulting from (a) increased overhead due to higher associate and staff salaries and benefits; (b) higher automation costs, professional liability insurance and marketing expenses; (c) partners» unwillingness / inability to increase hourly fee rates for «commodity» type work to off - set higher overhead; (d) enhanced client scrutiny of hourly rates, hours to produce work and lawyer and paralegal staffing of work assignments; (e) pressure by corporate counsel for law firms to absorb more of the «soft costs;» (f) slower paying clients, that affect cash flow and hence the availability of distributable dollars for partners; and (g) a great many mid-size law firms are burdened with higher debt.

That is because the proceeds from a life insurance policy can be used for paying off large debts, ongoing living expenses by the insured's survivors, and for the high cost of the insured's funeral and other final expenses.

One of the key reasons for this is because the proceeds from a life insurance policy can be used for multiple needs of one's survivors, such as paying off debt, replacing income for everyday living expenses, and paying the high cost of the insured's funeral and other final expenses.

Without life insurance, hard earned assets and savings that were intended for other purposes may have to be used for paying off debt, funding living costs, or paying the high cost of one's final expenses — which today can average more than $ 10,000 in some areas.

She lives in Toronto which has a high cost of living and makes her dreams of both paying off her student loan debt quickly and moving out on her own difficult to realistically accomplish.

Paying off low cost debt with high cost debt is stupid!

Accelerate loan balance pay - offs - saving interest that offsets the cost outlay for green or high - performance upgrades and pays off debt 5 - 10 years earlier;

The new HomeStyle Energy Mortgage will even allow people to pay off existing high cost HERO debt into lower rate financing and not even count as a cash out refinance!