Sentences with phrase «on debt repayment first»

Personally, with your low expenses, I don't think it's much of a risk for you guys to be focused on debt repayment first.

Not exact matches

It might seem counter-intuitive to focus on saving money instead of paying off debt, but having a $ 1,000 emergency fund in place first provides a financial cushion so that unplanned expenses, such as medical bills and home repairs, don't completely derail your debt - repayment plan.

Once you know the interest rates on your loans, you can decide which debt repayment method is best for you — and which balances deserve your attention first.

Debt avalanche: When following this debt repayment method, you want to focus your efforts on the credit card that is charging the highest interest rate fiDebt avalanche: When following this debt repayment method, you want to focus your efforts on the credit card that is charging the highest interest rate fidebt repayment method, you want to focus your efforts on the credit card that is charging the highest interest rate first.

You should plan to tackle necessary plans for your emergency fund, retirement fund, and debt repayment first, then determine how much you can spend on other goals, like travel and a down payment for property.

Judge Pappas noted that Brunner was decided in 1987, at a time when the bankruptcy code allowed discharge of student loan debts on either of two grounds: first, if the student loans had been in repayment status for five years or more on the date the bankruptcy was filed, or second, if repayment of the student loans would constitute an undue hardship on the debtor.

By focusing on your smallest debt first, you'll be able to pay it off very quickly, giving you a feeling of progress and an important boost in motivation, which can help you stay on track and keep to your debt repayment plan.

They give debtors a strategy that includes paying off debt on higher interest rate cards first to speed up repayment.

Out of SOL debt should be the lowest priority on repayment and set aside till all other debts are tackled first.

The plan might involve establishing a repayment pecking order, having you focus on paying down high - interest debts first while making minimum payments on other debts.

Any amount of capital you will be repaid in an insolvency situation depends on the value of the assets that can be realised for repayment and the amount of senior debt that has to be repaid first..

You may only get some return of capital depending on the value of the assets that can be realised for repayment and the amount of senior debt that has to be repaid first.

This disparity is rooted in structural, race - based disadvantages, including, according to Marshall Steinbaum's research, «segregation within higher education, which relegates minority students to the worst - performing institutions, discrimination in both credit and labor markets, and the underlying racial wealth gap that means black and Hispanic students have a much smaller cushion of family wealth to fall back on, both to finance higher education in the first place and also should any difficulty with debt repayment arise.»

To the extent that a consumer's debt accounts have similar interest rates, he or she should concentrate repayments first on the cards or accounts with the smallest debts, paying off those first.

While it makes sense to pay off the debt with the highest interest rate first, if you're having trouble managing several debts - for example, you're struggling to meet even minimum repayments on multiple credit cards - here are two payment options you could consider:

You could start by making extra repayments on your smallest debt first.

Regardless of what you focus on first, make sure you continue to make at least the minimum repayments on all of your debts to avoid any late payment or default fees.