Sentences with phrase «paying off other debt such»

In many instances, the death benefit proceeds are used by the insured's loved ones for paying final expenses — such as funeral costs and unpaid medical bills — as well as for paying off other debt such as the balance of a mortgage.

By remortgaging you house you may be able to release some equity from the house which will allow you to pay off other debts such as loads and large credit card bills.

Not exact matches

Read up on the topic more, and you'll find additional ways, such as paying off other debts before applying in order to have a lower debt - to - income ratio — or paying some «points» in order to lower your rate.

Lenders want to ensure that you have the financial means to pay off your new mortgage, as well as any other long - term debts (such as car loans) or other living expenses.

With a debt consolidation loan, a lender issues a single personal loan that you use to pay off other debts, such as balances on high - interest credit cards.

... forces the treasury to prioritize paying off debts over all other obligations (such as paying the military, for example).

If you've got other high - interest debt such as credit - card debt and your home has increased in value, this may be the time to consider refinancing to pay off your credit cards.

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.

You can use the funds from a reverse mortgage loan to pay off other debts, such as an existing mortgage or you can use the funds for regular expenses.

This can be achieved through Debt consolidation as the money received from refinancing can be used to pay off all other bills such as credit cards.

Due to these details, fixed rate reverse mortgages are usually best for borrowers who plan to use their reverse mortgage funds all at once, such as to pay off an existing mortgage or other debt, or to make major home repairs or modifications.

With a debt consolidation loan, a lender issues a single personal loan that you use to pay off other debts, such as balances on high - interest credit cards.

DO prioritize paying off other debts, such as personal loans, credit cards, and car loans.

And if you're able to lower your payment, this frees up cash that can be used for other purposes, such as paying off debts or increasing your emergency fund.

Improve Credit Score: Such a loan may be used to pay off other debts, which might harm your credit score if left unpaid.

If you do the other things I recommend, such as creating a personal mission statement and boosting your profit margin, you'll naturally pay off debt as a matter of course.

You might also investigate other ways to consolidate debt, such as borrowing from your 401 (k) plan or cash - value life insurance, and using that to pay off higher - interest debt.

«Instead of saying that we can't afford the toy, tell your child that we are choosing not to buy the toy because you are choosing to spend your money in other ways, such as paying off the debt or saving,» Hunt says.

To begin with, one of the major benefits of using a personal loan to consolidate debt is that you don't have to seek other, riskier options, such as taking out a second mortgage, filing for bankruptcy, or using an equity line of credit, to attempt to pay off your debt.

Others have taken secured loans, such as second mortgages on their homes, to pay off high - interest unsecured debt.

After all, that figure can vary significantly depending on such difficult - to - pin down factors as how healthy you'll remain as you age, which can determine how much you'll spend on health care; whether you'll pay off your mortgage and other debt before or soon after you retire; whether you'll have an active retirement that involves spending considerable sums on travel and entertainment or live a more modest lifestyle closer to home, etc..

This could mean meeting other financial commitments (such as paying off debts), but it's the proportion of your income which should go towards securing your financial future.

When a consumer applies for credit card consolidation, what they are actually doing is receiving a new loan from a lender to pay off all their credit card debt, and oftentimes other types of debt such as automobile or student debt.

Most banks have the right to transfer cash from your bank or savings accounts to pay off other debts held with them, such as credit cards or loans.

If you're eligible for a low - rate personal loan, you might also consider using one to pay off other, higher - interest debts, such as credit card balances.

Everything else being equal, the main reasons to purchase permanent insurance are: (1) if you have a dependent, such as a special - needs child or handicapped loved one, who relies almost solely on your income to live and who will need to rely on it after your death in perpetuity, or (2) if you have few, if any, other assets and don't actively plan on having any that could be used to cover the cost of your funeral, to pay off any outstanding debts, or to provide some inheritance to your family.

a) Disputes filed - 18 months b) Inquiries - 2 years c) Payment profile -5 years d) Information related to a consumers payment behavior such as slow payer, defaulted or absconded - 1 year e) Information relating to the action that a credit provider has taken against a consumer to enforce a debt such as handed over, legal action or write - off - 2 years f) Debt restructuring - Until a clearance certificate is given g) Civil court judgments - 5 years or until the court removes it h) Administration orders (orders to put a consumer under administration)- 10 years or until the court removes it i) Sequestrations (order given by the court where the consumer is insolvent)- 10 years or until the court removes it j) Liquidations (order given by the court where the consumer is insolvent)- no time limit k) Court order removing a liquidation or sequestrations after all the debt was paid - 5 years l) Other information (information not covered above)- 2 years Other Useful Topics Learn how to dispute information on your credit report in South Afrdebt such as handed over, legal action or write - off - 2 years f) Debt restructuring - Until a clearance certificate is given g) Civil court judgments - 5 years or until the court removes it h) Administration orders (orders to put a consumer under administration)- 10 years or until the court removes it i) Sequestrations (order given by the court where the consumer is insolvent)- 10 years or until the court removes it j) Liquidations (order given by the court where the consumer is insolvent)- no time limit k) Court order removing a liquidation or sequestrations after all the debt was paid - 5 years l) Other information (information not covered above)- 2 years Other Useful Topics Learn how to dispute information on your credit report in South AfrDebt restructuring - Until a clearance certificate is given g) Civil court judgments - 5 years or until the court removes it h) Administration orders (orders to put a consumer under administration)- 10 years or until the court removes it i) Sequestrations (order given by the court where the consumer is insolvent)- 10 years or until the court removes it j) Liquidations (order given by the court where the consumer is insolvent)- no time limit k) Court order removing a liquidation or sequestrations after all the debt was paid - 5 years l) Other information (information not covered above)- 2 years Other Useful Topics Learn how to dispute information on your credit report in South Afrdebt was paid - 5 years l) Other information (information not covered above)- 2 years Other Useful Topics Learn how to dispute information on your credit report in South Africa.

If someone has a mountain of debt that is going to take years to pay off, it will certainly affect how you funnel money into other areas of life, such as retirement.

Although there could be some benefit to having a structured plan to pay off credit card debt and other bills, think long and hard before signing up for such a plan.

You pay off your credit card in full each month, and you make regular payments on other debt such as student loans and vehicle loans.

When you downsize successfully, not only do you reduce your mortgage debt by taking on a less - expensive home, you might also have enough cash left over to pay off your other debts, such as a student loan or credit card.

• Home improvements • Other investments (stocks, bonds, etc.) • Vacations and other luxuries • College tuition • Home buying (to purchase another property) • To pay - off other higher - interest - rate debt, such as credit cards or auto loans • Pay off student loans or a personal loan • For an emergency (buffer their checking account) • Because they want cash for any number of reOther investments (stocks, bonds, etc.) • Vacations and other luxuries • College tuition • Home buying (to purchase another property) • To pay - off other higher - interest - rate debt, such as credit cards or auto loans • Pay off student loans or a personal loan • For an emergency (buffer their checking account) • Because they want cash for any number of reother luxuries • College tuition • Home buying (to purchase another property) • To pay - off other higher - interest - rate debt, such as credit cards or auto loans • Pay off student loans or a personal loan • For an emergency (buffer their checking account) • Because they want cash for any number of reaspay - off other higher - interest - rate debt, such as credit cards or auto loans • Pay off student loans or a personal loan • For an emergency (buffer their checking account) • Because they want cash for any number of reother higher - interest - rate debt, such as credit cards or auto loans • Pay off student loans or a personal loan • For an emergency (buffer their checking account) • Because they want cash for any number of reasPay off student loans or a personal loan • For an emergency (buffer their checking account) • Because they want cash for any number of reasons

If the idea of making it one more year seems completely impossible, you may want to look into getting some part time income or taking other seemingly drastic moves such as cutting cable / cell phones, breaking your lease agreement and getting a cheaper car, selling some stuff on ebay to pay off small chunks of the debt, etc..

Parents and other relatives helping with student loans, such as grandparents, should note that up to 15 % of Social Security benefits — and 100 % of tax refunds — can be withheld to pay off student loan debt (see Seniors: Before You Co-sign That Student Loan).

One of the key reasons for this is because the proceeds from a life insurance policy can be used for multiple needs of one's survivors, such as paying off debt, replacing income for everyday living expenses, and paying the high cost of the insured's funeral and other final expenses.

Even with a great job after graduation — and that is certainly no guarantee in this market — paying off such a large debt takes time and detracts from other spending and saving needs, including retirement.

If you have other high - interest debt — such as credit cards or personal loans — I would pay those off first before prepaying my mortgage,» Rose says.

Some claim you need to do debt settlement, others say to pay off your biggest debt first and the list goes on and on with other suggestions such as enrolling into credit counseling, fili...

It can also be used to pay for your death and funeral expenses, pay off your mortgage, your other debts such as loans and credit cards.

For others, it may be to pay off a large debt such as one's mortgage balance.

It can also be used for paying off other debts, such as uninsured medical bills and the cost of hospice care.

Paying off other forms of debt such as auto loans, room additions, remodeling costs and many other forms of debt a person can collect which would create financial problems for their family members left behind.

This is because the proceeds from a life insurance policy can be used for a number of different things, such as paying off large debts, paying for the insured's funeral and other final expenses, and / or paying survivors» ongoing living expenses.

Consider big expenses, such as paying off the mortgage and other debts, and funding your children's college educations.

If you can manage to shave even $ 10 or $ 20 off your monthly insurance premium, that's cash you can use for other important financial goals, such as paying down debt or saving for a rainy day.

This means that 100 percent of the amount can be used for financial needs such as paying off debt, covering the funeral and other final..

This means that 100 percent of the amount can be used for financial needs such as paying off debt, covering the funeral and other final expenses of the insured, and / or for the payment of ongoing living expenses by the insured's survivors.

What are your major debts, such as mortgages or other loans, and when must they be paid off?

One of the key reasons for this is because the proceeds from a life insurance policy can be used for multiple needs of one's survivors, such as paying off debt, replacing income for everyday living expenses, and paying the high cost of the insured's funeral and other final expenses.

These can include paying off large debts such as a mortgage, as well as for replacing the income of a breadwinner or other income earner so that living expenses of the survivors can still be paid.