Once you have paid off the smallest debts, it gives you confidence that you can
pay off the other debts too.
Not exact matches
Too often, the MTA is used as a piggy bank for
other state groups to
pay off their
debts, which leaves transit users
paying for
debts that aren't theirs.»
And if
too much
debt prevents a pre-approval,
paying off credit cards and
other loans — student loans, auto loans and personal loans — can increase purchasing power and help you qualify for the desired amount.
You can raise your credit score by
paying off debts on time,
paying your utility bills regularly, not having
too many accounts open, and
other strategies.
Even if you're currently
paying off student loans or
other debt, it's essential to ensure you
pay yourself
too.
For these and
other reasons, veteran bankruptcy trustee Doug Hoyes says flat out that cashing in your RRSP to
pay off debt is an all -
too - common myth.
A case in point: Those who take on
too much
debt, can't get it
paid off by retirement — and end up servicing huge mortgages and
other loans long after their paychecks have come to an end.
bought a house when I already had lots of
other debt to
pay off — hadn't saved for down payment — borrowed that
too 3.
However, if they would rather use the money for
paying off other debts, or even for taking a nice vacation, they have that option,
too.
People often think life insurance is
too expensive or they can't afford it because of
other financial priorities, such as
paying off debt or saving for retirement.