Sentences with phrase «on debts with high interest rates»

If you make the minimum monthly payment on debts with high interest rates, it will take you much longer to get out of debt because most of your payment is being applied to interest.

However, with the debt avalanche method, the idea is to focus on the debt with the highest interest rate first.

If you have several loans and credit cards, focus on the debt with the highest interest rate first.

Next, focus on the debt with the highest interest rate.

If you feel strongly that you can continue paying off your remaing loans regardless of how long it takes, save money and focus your «snowball» debt reduction payment on your debt with the highest interest rate!

This method is similar to the Avalanche, but instead of concentrating your efforts on the debt with the highest interest rate, you focus on the debt with the smallest balance.

Instead of focusing on the smallest balance, you will focus on the debt with the highest interest rate.

However, if you owe a very large amount on the debt with the highest interest rate, staying motivated to continue isn't always easy.

Doesn't it make sense mathematically to pay on the debt with the highest interest rate first?

I would recommend focusing on the debt with the highest interest rate, not the lowest balance.

If your windfall payment is not enough to cover all of your debt, focus on the debts with the highest interest rates first to reduce the amount of interest you are paying to creditors.

The best route to take for paying down debt is to focus on the debt with the higher interest rate first.

Not exact matches

Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.

If you can leave this decade with minimal debt, you're in good shape — focus on paying off your highest interest rate debt, and your credit card balances monthly.

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.

The amount of debt that is projected under the extended baseline would reduce national saving and income in the long term; increase the government's interest costs, putting more pressure on the rest of the budget; limit lawmakers» ability to respond to unforeseen events; and increase the likelihood of a fiscal crisis, an occurrence in which investors become unwilling to finance a government's borrowing unless they are compensated with very high interest rates.

If you have different debts, you may focus on paying down aggressively the debt with the highest interest rate while you make just minimum payment on the debts with lowest interest rates.

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

However, as soon as you finish paying the debt with the highest interest rate, you should immediately increase the amount you repay on the other debts.

But they come with some of the highest interest rates on any form of debt, and no formal repayment plan.

With interest rates on low - risk investments falling to low levels in many countries, investors have sought to maintain yields by moving into higher - risk assets such as corporate debt and emerging market debt.

An example of high - interest debt is an outstanding balance on a credit card, which can sometimes come with interest rates in excess of 20 %.

Businesses with less free cash on their balance sheets and higher debt levels would be expected to be more sensitive to absolute rates and / or interest rate changes than others.

It's important to remember that if you don't manage to pay down the debt before the 0 % APR offer ends, you might end up with a higher interest rate on your debt than you had before.

Once that debt is completely paid off, switch to the debt with the highest interest rate and add the additional debt payments toward this debt while paying the minimums on the rest.

From there, you can work on adding extra debt payments to the credit card with the highest interest rate — see http://theeverygirl.com/feature/which-strategy-is-best-to-reduce-your-debt/ for more details — and make the minimum payment on the new card with the 0 % or low interest rate until the debt on the card with the highest interest rate is completely paid off.

In February, Chicago Public Schools borrowed $ 725 million to cover debt payments and construction projects, but it came with extraordinarily high interest rates — which Emanuel has blamed, in part, on Rauner's talk of a state takeover.

Don't use debt consolidation if the lender is offering you a loan at a higher interest rate than the average interest rate on the other accounts that you plan to pay off with the loan.

The debt avalanche is just like the snowball debt method, except it focuses on paying off the debt with the highest interest rate first, but like the snowball debt method you continue to pay the minimum for the rest of your loans.

As a result of the high interest rates you are paying on these existing debts, you may even find it difficult to meet up with the monthly payments.

This assumes that you are allocating a fixed total amount to paying off your debts so that everything left over after making the minimum payments on the other credit cards goes to paying off the one with the higher interest rate.

The advice on avoiding high - yield debt needs more explanation, because bonds with high payouts are not especially sensitive to interest rate movements.

«Once the first debt has been paid off, the funds that were being applied to that debt now go to the debt with the second highest interest rate, and so on.»

Situations like these can lead to even more debt, forcing charges on a credit card with an even higher interest rate then a personal loan or missing more work while waiting for money to handle needed car repairs.

Situations like these can lead to even more debt, forcing charges on a credit card with an even higher interest rate then a short term tax refund loan or missing more work while waiting for your refund to arrive so you can handle needed car repairs.

Situations like these can lead to even more debt, forcing charges on a credit card with an even higher interest rate then a cash advance or missing more work while waiting for cash to handle needed car repairs.

You will only do this if you have other forms of debt with the interest rates that are higher and you will want to reduce the debt on the ones with the highest interest rates first.

With the avalanche you pay off the highest interest rate debt first while paying the minimum on the rest.)

Use the debt - stacking method: Make only minimum payments on most bills while focusing extra funds on the loan with the highest interest rate.

It's easy to fall behind on monthly payments associated with unsecured debt and fall prey to high interest rates taking the reins.

To follow the avalanche method, you'll need to list your debts in order of the interest they charge, starting with the debt with the highest interest rate, then the next - highest rate, and so on.

If you are behind on credit card debt, there is a chance that you are dealing with a high interest rate.

If you can pay off a high interest debt quickly this way, with your eye on retiring your existing balance before the promotional period is over, then going with a credit card offering a 0 % rate could be worth it.

In the era prior to the CARD Act many issuers applied payments made by cardholders to finance charges and balances with lower interest rates which cause higher interest accrual on the accounts and made it more difficult to pay down the total balances on their credit card accounts faster as the portions of their debt with higher interest rates were carried forward from month to month.

That being said, you will probably have to pay a higher interest rate on your debt consolidation loan than those with good credit.

Tobacco settlement bonds are the target of refundings as the high interest rates on older debt can be replaced with lower cost debt via the refunding mechanism helping to drive returns.

If you are carrying debt on a high interest credit card with 15 % -22 % interest or on a store credit card with 29 - 30 %, you will have a better rate of return putting the $ 10,000 towards your debt than you would investing it at a 4 % rate of return.

Though it is financially easier for you to start off with the smallest principal balance, concentrating on your highest interest rate debt account is much better and has a positive impact in reducing your debt load.

Unsecured credit cards are «regular» credit cards that don't require you to deposit any cash with the bank as collateral against unpaid debt: you're allowed to make purchases up to your credit limit, and can pay for your purchases over time — although you'll typically pay high interest rates on any purchases you don't pay off in full each month.

When you avalanche your debt, you focus on paying off the debt with the highest interest rate first, regardless of the balance.