Sentences with phrase «other debts with higher interest rates»

This buys you time to pay off your balance as much as possible — or lets you pay just the minimum payment while you focus your debt payment on other debts with higher interest rates.

If you have other debts with higher interest rates than that of your student loans, it makes sense to get rid of those debts first.

Do you have other debt with a higher interest rate?

Using a loan to consolidate debt means getting more money from the loan than you still owe on the home for the purpose of paying off credit card debt and any other debt with a higher interest rate than your mortgage.

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.

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.

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.

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.

Debt avalanche is a strategy one can use to pay off his debts whereby the debt with the highest interest rate is paid first before attention is directed to other debts with lower Continue ReadingUsing Debt Avalanche Strategy to Get Out of DeDebt avalanche is a strategy one can use to pay off his debts whereby the debt with the highest interest rate is paid first before attention is directed to other debts with lower Continue ReadingUsing Debt Avalanche Strategy to Get Out of Dedebt with the highest interest rate is paid first before attention is directed to other debts with lower Continue ReadingUsing Debt Avalanche Strategy to Get Out of DeDebt Avalanche Strategy to Get Out of DebtDebt →

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.

Second mortgages come with higher interest rates than the first but still, they are cheaper than other forms of debts.

Refinancing helps you to consolidate high - interest debts into a single manageable payment with a more affordable interest rate in comparison to other types of unsecured credit.

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.

Keeping in mind your credit limit, you may transfer balances from your other credit cards with higher interest rates to the Citi Simplicity ® account and pay down the total debt at no cost and at your own pace within 18 months.

And that's when you have other forms of debt that come with higher interest rates.

However, if you are currently paying high rates of interest with other cards, but a new card offers you a balance transfer at a great rate, why wouldn't you want to take advantage of the lower rate and possibly paying off your debt faster?

On the other hand, a borrower who pays a fixed - rate mortgage of 5 percent would benefit from 5 percent inflation, because the real interest rate (the nominal rate minus the inflation rate) would be zero; servicing this debt would be even easier if inflation were higher, as long as the borrower's income keeps up with inflation.

Sorry I mean't to add one other thought, if the card holder is carrying a high balance and their interest rates increase like the banks have been raising in recent months, this could backfire on the banks themselves, I mean since the banks give a 45 notification of the increase and the consumer is already maxed out and can barely make the payments as it is, the increased interest rates because of how the congress requires at least all the monthly interest and some of the principle to be paid on the cards, done so that consumers could reduce the amount of time to illiminate their debts, this may spawn many card holders whoms payments will increase much like those adjustable rate mortgages that people walked away from to go wild with their remaining balances on the card and then default, the whole irony is that the consumer may very well use the card thats damaging them to pay for bankruptcy proceedings lol!

The other debt is either the one with the lowest balance, which is much more commonly associated with the snowball method, or the one with the highest interest rate, which is more mathematically advantageous.

Mathematically, it makes sense to pay off your highest - interest debt first (The debt - snowball idea of the lowest - balance debt first is totally psychological) For us, our mortgage rate was higher than our other debt (student loans), but we went with the debt - snowball strategy.

The most important thing for you may be to look at which debt has the highest interest rate so you can get rid of that one first — maybe with a consolidation loan or maybe by paying it off before the others.

There are different schools of thought, with some insisting that you start with the debt that has the lowest balance, and others insisting that you rank your debts in order of highest interest rate to lowest interest rate.

Your interest rate could be fixed or variable and is typically higher than with federally guaranteed education loans but lower than with other debts like credit card debt.

You have other debts: If you have other high interest debts that you need to pay and you have another debt with zero or low interest rate, it will be better to make as much payment on the high interest debts.

Take a look at your credit cards, student loans, and any other debt you're carrying, and begin paying extra to the debt with the highest interest rate — paying more now can save you thousands of dollars in the long run.

This means making minimum payments on all your other debts and putting as much as you can toward the card with the highest interest rate.

The «excess» cash after paying the minimum payments for all other debts, goes to the debt with the highest interest rate.

Refinancing will help you consolidate high - interest debts into a single manageable payment with a more affordable interest rate lower than other kinds of the unsecured credits.

Once you have paid the debt with the high interest rate, more of your payments can be directed to paying down the principal of other debts.

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.

Debt avalanche is a strategy one can use to pay off his debts whereby the debt with the highest interest rate is paid first before attention is directed to other debts with lower interest rDebt avalanche is a strategy one can use to pay off his debts whereby the debt with the highest interest rate is paid first before attention is directed to other debts with lower interest rdebt with the highest interest rate is paid first before attention is directed to other debts with lower interest rate.

Approximately 9 Americans out of 10 depend on their mortgage, student or some other types of consumer debts with high - interest rates.

By paying down the card with the highest interest rate first, you slow down your debt growth due to the interest saved, which can help pay down other balances faster, thus improving your credit utilization ratio.

Bad debt, on the other hand, are loans with high or variable interest rates, and used to buy things that lose value or depreciate over time.

You pay the minimum on your other balances and pay as much as you can towards your debt with the highest interest rate.

This approach allows you to replace credit card, auto loan or other high - interest debt with a lower interest rate loan.