Sentences with phrase «other family debts»

Since the value of a permanent life policy remains the same or even increases over time, this type of solution will not only pay off the home mortgage, it the remaining value of the policy can be directed to one or more family members or even earmarked to pay off other family debts.

Not exact matches

Morneau said many families looking to buy homes have found themselves priced out of the market, while others have had to pile up high levels of debt.

In other words, it is no longer dependent on savings, credit card debt, loans from friends and family, angel investments, or any other outside sources of capital.

Examination of data from the Federal Reserve's Survey of Consumer Finances — the central bank's effort to examine the financial conditions of American families — by two Northeastern University scholars shows that households with more student debt are less likely to start businesses than other households.

Other economists don't agree that you need $ 350,000 to be considered rich, however an amount of money that exceeds $ 200,000 per year is enough for a family to lead a more than comfortable lifestyle; this means having the chance to live in a big house, send the kids to private schools, have enough money to travel internationally, own at least 2 cars, and have no debt except a mortgage which will help them build equity.

So on this happy day, as the students of the class of 2014 celebrate a milestone achievement with their families, their friends, and their teachers, I come to congratulate you, to wish you well, and to address each of you as a person who has received the good turn of a fine education, and who should feel a responsibility to repay the debt of that education by living well as a person, mindful of the personhood, the individuality, and the good of others around you, in the various communities through which your life will take you.

The foreign debt continues to be an issue and new voices have began to sound the need to look for ways to face it; (ii) At the national level two questions are concentrating increasing attention: one is the reassessment of the necessary role of the state to correct the distortions of a runaway market (currently discussed in Europe and in the discussions about the role the initiatives of «an active state has played in the economic development of Asian countries); the other is the need for a «participative democracy over against a purely representative formal democracy: in this sense the need to strengthen civil society with its intermediate organizations becomes an important concern; (iii) the struggle for collective and personal identity in a society in which forced immigration, dehumanizing conditions in urban marginal situations, and foreign cultural aggression and massification in many forms produce a degrading type of poverty where communal, family and personal identity are eroded and even destroyed.

We had — family come from as far as Edinburgh and Devon, 2 Christmas dinners to accommodate said family, 2 present opening sessions, some good long walks to work off excessive food, cousins all catching up with each other, a bit too much to eat and drink, relaxing afternoons when we could do nothing because it was raining and anyway it was getting dark soon so we might as well call it a day, and a mammoth monopoly game, which carried on so far that someone had bought jail, chance and community chest, and someone else had «banker» debt status, which meant he could borrow as much as he wanted.

In areas such as fashion and home improvement, the influence that mass media exerts may be relatively harmless other than perhaps increasing family debt.

While those who have enough resources at their disposal don't struggle with providing for their family, others find themselves incurring debt.

«Mr Duncan Smith will suggest other factors in determining child poverty — including whether or not their parents are in work, educational failure, family breakdown, problem debt and poor health.

However, as money matters and family often do not mix, it is advisable to refuse such requests and find other ways to assist family in need without becoming legally obligated to pay someone else's debts, risking your own credit standing that can cost you future financing.

If a protected life event happens to you (and you're a protected borrower or co-borrower on the loan), Debt Protection will cancel or reduce repayment of your loan debt — helping to lessen your worries, and your family's worries, about paying loans during a time when your income may be reduced or lost and paying other household bills becomes challengDebt Protection will cancel or reduce repayment of your loan debt — helping to lessen your worries, and your family's worries, about paying loans during a time when your income may be reduced or lost and paying other household bills becomes challengdebt — helping to lessen your worries, and your family's worries, about paying loans during a time when your income may be reduced or lost and paying other household bills becomes challenging.

While student loans have advantages over other types of debt, such as lower interest rates, longer deferment periods and more flexible repayment policies, they can be tough to pay off while you're making the transition to the work force, buying a house and building a family.

While you may need less life insurance than someone with a family to support, you'll still have funeral expenses and might leave behind other debts you'd like to see paid off.

If you spend your tax refund on luxury goods, use it to repay a friend or family member, or pay off a credit card or other unsecured debt, you may trigger an objection from the trustee, and be required to turn over your tax refund, even if you HAVE spent the money.

After helping the family out with medical expenses and other costs, the Delgados were further in debt than they had ever thought possible.

Obviously they got along well, even after deciding to separate; they had no debts other than the mortgage and were both well acquainted with their family financial situation.

Other factors considered are the financial status of the family, and the amount of debt they are already dealing with.

When you plan for life's uncertainties by having a life insurance policy, you provide your family the opportunity to help replace lost income, eliminate debt, pay for college, keep a business afloat, protect family wealth, or address other financial needs and goals while they adjust to a new life.

A debt consolidation loan can take the form of a second mortgage on your home (also called a home equity loan), a line of credit or a bank loan secured by some other asset or guaranteed by a family member or friend.

Quite often it is better to let others know of your credit and debt situation, and while you might feel somewhat embarrassed to tell friends and family that you've fallen into financial difficulty, you might be quite surprised to know that many of them have been in a similar situation in the past or are currently in the same situation as you.

Your family distributes any of your assets during probate - If your family gave out antiques, family heirlooms or any other items of value before your debts have been settled, creditors can try to get them added back to your estate.

Would appreciate some insight as to my situation here: Early - mid 20s, no debt or other liabilities currently beyond basic living expenses (living with family so no mortgage currently), excellent credit, six months living expenses saved in emergency reserves, low tax bracket and live in a state with no income tax, etc..

A Massachusetts family of five, for example, needs to have at least $ 1,062 left over each month after mortgage and other debt payments in order to meet VA guidelines.

This debt obligation can put a serious damper on achieving other financial goals in the near or long term, like owning a home, saving for retirement, or planning a family.

Statistics Canada says the typical Canadian family owes $ 20,300 in credit card debt, lines of credit and other consumer loans — and that's on top of their mortgage.

It'll take me 4 to 8 months to pay down that debt (the large range of uncertainty's due to it depending on whether / when other family members might secure a source of income).

Not only are thirtysomethings expected to buy a house and raise a family, but most self - help books and personal finance articles preach a lengthy checklist of other must - do's: build your career, save for retirement, put away cash for the kids» education, pay down your student debt, escape credit card debt.

Military families are often hit hard by the burden of debt and bad credit due to low - end pay rates, frequent re-location, and basic consumer credit mistakes others often make.

Your adviser probably will not pull a credit report on you and other family members, but the adviser almost certainly will assess your debt and paint an accurate personal financial picture for you.

Having debt on your back sometimes can feel overwhelming, especially if you are finding it difficult to break free of your debt because you have a family to support or some other trouble that's keeping you down.

Young, healthy individuals with families typically need enough life insurance coverage to pay off a home mortgage and other outstanding debt and provide some income replacement for their spouse and children.

School loans, hospital expenses, and other personal financial needs can be met by creating a «campaign» to raise money for your debt and sending them out to your friends and family through e-mail and social media.

When my family and I were still paying off all of our debt, one of the biggest motivations was reading success stories from other folks who have paid off a large amount of debt in a short period of time.

Be sure to discuss repayment expectations as a family if parents will be responsible for repaying the PLUS or other loan debt.

If you have a family you should have a Life Insurance policy and with enough coverage debts like a mortgage, credit cards and other loans would be paid in full.

Don't forget to add any other outstanding debt to the figures obtained in your report, such as money owed to family and friends, or companies that haven't declared it for some reason.

Terms, defined.For purposes of the Credit Services Organization Act: (1) Buyer shall mean an individual who is solicited to purchase or who purchases the services of a credit services organization; (2) Consumer reporting agency shall have the meaning assigned by the Fair Credit Reporting Act, 15 U.S.C. 1681a (f); (3) Credit services organization shall mean a person who, with respect to the extension of credit by others and in return for the payment of money or other valuable consideration, provides or represents that the person can or will provide any of the following services: (a) Improving a buyer's credit record, history, or rating; (b) Obtaining an extension of credit for a buyer; or (c) Providing advice or assistance to a buyer with regard to subdivision (a) or (b) of this subdivision; (4) Extension of credit shall mean the right to defer payment of debt or to incur debt and defer its payment offered or granted primarily for personal, family, or household purposes; and (5) Person shall include individual, corporation, company, association, partnership, limited liability company, and other business entity.

When you can not pay your credit card bills, student loan debt or other kind of debt, your debt will grow with accruing interest, your credit will suffer and the debt collectors could start contacting family, friends and employers to find you.

What's your Plan B for making payments on your credit card debt if your family's income unexpectedly drops or you're hit by a big, unexpected expense or some other crisis?

Refinancing may mean that the customer has other debt that needs to be included in the refinance product, may have a lower paying current job that has decreased the original ability to repay the loan, has certain family or personal circumstances that have required a refinancing of the house, and other changes that may be riskier for a lending bank.

Mike Chadwick, an investment advisor with Chadwick Financial Advisors, warned that if you don't have any savings, «You're going to end up in debt with credit cards, loans from family or some other source, and it's a slippery downhill slide if you're not disciplined to always save some of your earnings.»

Others feel that such debts are acceptable as long as debt does not place a burden on the family's finances.

Being in debt can be financially burdensome for families, and about 75 % of family households held mortgage, vehicle or other loans in 2013.

With rising costs and many families struggling just to get by, many college aged students are wondering if its worth it to go into debt for a college education, or if they should look at other options.

According to the FTC, debt collection services are allowed to contact other people who know you — whether it's family or friends — but only to verify your address, your home phone number and your workplace.

Since announcing our family's quest to pay off more than $ 90,000 in debt, there's been one set of questions that comes up more often than any other, especially when people hear that one card has a $ 25,000 - ish balance with a 23.99 % APR:

Like Mary and the other examples throughout this article, you too can be debt free without putting a huge burden on your family.

In the unfortunate event that you pass away while your family is relying on your income, your family can use the funds from your life insurance policy to cover a mortgage, college tuition and other debts or expenses.