Sentences with phrase «poor financial debt»

Not exact matches

However, due to smart financial decisions, Rose was able to overcome debt and a poor financial situation and build something positive.

Not surprisingly, those who feel overwhelming financial stress have poor money management behaviors, with only 8 % of this group having an emergency fund, a mere 14 % comfortable with the amount of debt they are carrying, 18 % having a handle on their cash flow, 53 % paying their bills on time and 34 % carrying a loan or hardship withdrawal from their 401 (k) plan.

Combining this with poor sales growth results in a dismal outlook for earnings 3) the pressure on earnings will continue to hurt capital spending, which is usually just a magnified image of earnings, 4) the same factors will continue to raise default rates, causing earnings problems and debt downgrades among banks and financial companies, 5) earnings shortfalls will also lead to continued job cutbacks, with the unemployment rate rising to at least 5.5 % (indeed, once the unemployment rate has advanced by 0.5 % from its lows, it has never reversed until rising by least 1.5 % off those lows).

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 relevaFinancial, 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 relevafinancial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

China's credit rating was downgraded one notch to A + by ratings agency Standard & Poor's (S&P), which cited increased economic and financial risks, following the significant rise in the country's debt levels since the global financial crisis.

According to U.S. News and World Report, debt consolidation is a poor choice primarily because consumers think they've addressed the issue and fail to solve the underlying problem, which is financial mismanagement.

A standoff in August 2011 rattled financial markets and the political gridlock led the credit rating firm Standard & Poor's to downgrade its AAA rating of U.S. debt for the first time in history.

John Kirkby started CAP in Bradford in 1996, believing that God was calling him to sacrifice his career in the financial industry and use his experience to help the poor - people crippled by debt, living in fear and without hope.

Unaffordable home loans, poor financial advice and unmanageable consumer credit may have serious consequences for many Australians, beyond bankruptcy and debt.

Standard & Poor's criticized Oyster Bay's lack of long - term financial planning, absence of a formal policy to limit borrowing and pay down debt, unrealistic projections and failure to make budget adjustments when actual revenue and expenses don't add up.

The town's budgets use conservative estimates, the administration regularly analyzes how current spending and revenue fit within historical trends, it has policies to limit debt and ensure that it always has money available, it uses long - term planning and provides elected officials with monthly financial updates, a Standard & Poor's report said.

Because the last few tax cuts have followed financial crises, poorer people may have used the extra income to increase their cushion by building up assets or paying down debt.

December 30, 2010 • Go to France, Britain, Ireland or Portugal — you'll find the same sentiment on the streets of all these debt - ridden European nations: Europe's financial crisis was caused by rich and greedy bankers and politicians, yet it's the poor who're picking up the tab — people like Mariana Silva.

Michael Mercieca, CEO of Young Enterprise said: «Poor levels of financial literacy can prevent young people from fulfilling their potential and could lead to debt or unemployment, and have a detrimental impact on their mental health.

Besides being incredibly stressful and the cause of many financial downfalls, like poor credit and bankruptcy, debt also prevents financial independence.

Medical Debt: Part I People who face large amounts of debt often have done nothing irresponsible; careless spending and poor financial planning are not the causes of many such hardshDebt: Part I People who face large amounts of debt often have done nothing irresponsible; careless spending and poor financial planning are not the causes of many such hardshdebt often have done nothing irresponsible; careless spending and poor financial planning are not the causes of many such hardships.

Scores below 580 are indicative of a consumer's poor financial history, which can include late monthly payments, debt defaults, or bankruptcy; individuals in this «subprime» category can end up paying auto loan rates that are 5 or 10 times higher than what prime consumers receive, especially for used cars or longer term loans.

Due to poor financial choices I made in my twenties, which continued to plague me in my thirties, and led to bankruptcy, I felt that I would never recover from my debt, nor have good credit.

Francine is the author of The 25 - Day Money Makeover for Women, which has inspired and motivated many readers to rein in poor financial habits, become good stewards over their money and work toward a debt - free life.

Many of us are guilty of engaging in practices that could eventually lead to unmanageable debt and poor financial standing.

NEW YORK, Aug 14 (Reuters)- The global junk bond default rate rose to 1.79 percent in July from 1.44 percent in June as U.S. financial and real estate firms struggled to keep up with debt payments, Standard & Poor's said on Thursday.

So many people have suffered through debt and other financial problems that led to a poor credit rating, the national economy felt the punch, especially in light of the housing market crisis.

We know from experience that Debt is often the result of poor financial habits developed over time and these habits must change to achieve long term financial security.

Think about your debt reduction plan as an extreme makeover to change years of poor financial habits.

The book follows around debt collectors and those associated with them, a colorful bunch, who see their see their opportunities flow and ebb as the financial crisis first produces a lot of bad debts to work on, and they mine that ore until the yields get poor.

Standard & Poor's Financial Services assigns AAA sovereign rating to Canadian Government debts.

«These myths about student loans can lead borrowers to poor financial decisions, not to mention trap them in debt for longer than they need to be,» said lead researcher Rebecca Safier.

It takes several months or years to truly turn around a poor, unstable financial situation filled with debts.

FICO (short for Fair Isaac Corporation) scores and VantageScores range from 300 to 850, from poor to excellent: Excellent: 750 - 850 Good: 700 - 749 Fair: 650 - 699 Poor: 600 - 649 Bad: Below 600 Your credit may have been excellent at some point, but a series of financial missteps, debt or other unfortunate circumstances can cause your score to drop slighpoor to excellent: Excellent: 750 - 850 Good: 700 - 749 Fair: 650 - 699 Poor: 600 - 649 Bad: Below 600 Your credit may have been excellent at some point, but a series of financial missteps, debt or other unfortunate circumstances can cause your score to drop slighPoor: 600 - 649 Bad: Below 600 Your credit may have been excellent at some point, but a series of financial missteps, debt or other unfortunate circumstances can cause your score to drop slightly.

Poor financial decisions and lack of discipline when it comes to handling personal finances may lead to bad debts.

The CEO announced that in a letter posted on the Financial Times website, «I'd like to just set the record straight here and now: there is absolutely no plan, strategy or intention for GM to file for bankruptcy» GM faces a host of issues, revolving around legacy liabilities, poor design, poor marketing (reliance on sales, rather than everyday low pricing), high production costs, low flexibility, and high debt.

If a share's genuinely «bad» — say, in terms of excessive debt, poor margins, low return on equity, erratic P&L record, etc. — then logically, those sub-par financial metrics will automatically get incorporated into your stock valuation anyway (in suitably quantitative fashion).

Our credit is very poor and about two years ago we visited a credit repair agency to help us develop a financial strategy for manage debt better and controlling finances.

Simply put, these bad debt rates are a SCAM against the poor and middle class and a major reason financial entertainers like Dave Ramsey and Suze Orman have a platform.

Don't let your poor credit past prevent you from living the financial life you need, discover how Debt Consolidation Lenders can put your credit score back on the right track and eliminate a lot of your credit balances.

If excessive spending, living outside your means and overall poor financial decisions or management caused you to fall into debt, work toward fixing these underlying issues so you don't fall back into your old habits.

Filed Under: Saving Tagged With: parent financial choices, poor parents, Student Loan Debt, supporting your parents Editorial Disclaimer: Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines or hotel chain, or other advertiser and have not been reviewed, approved or otherwise endorsed by any of these entities.

It has been reported that the Cooper Union financial crisis was due to a combination of problems caused by poor fiscal decisions, lack of accountability, the economic recession of the late 2000s, the selling off of the institution's assets, and taking on significant debt due to the 2009 building of 41 Cooper Square, which cost the school US$ 175 million.

In most cases, companies face significant debt exposure and relatively poor financial health.

As it turns out, we've (the US) been deregulating our economy, especially the financial sector, for 30 years and since that time the average American is poorer, working more, less healthy and in more debt.

Some years later, Enron hired Jeffrey Skilling who used accounting loopholes, special purpose entities and poor financial reporting to hide debt that totaled in the billions.

Combine this debt with a poor job market, not to mention the other expenses of living and perhaps undergraduate debt, and you may find yourself in financial crisis.

Whatever the circumstances — a medical emergency, the loss of a job, or poor financial planning — a decision needs to be made about how to cope with debts and how to deal with collectors in this time of crisis.

FICO (short for Fair Isaac Corporation) scores and VantageScores range from 300 to 850, from poor to excellent: Excellent: 750 - 850 Good: 700 - 749 Fair: 650 - 699 Poor: 600 - 649 Bad: Below 600 Your credit may have been excellent at some point, but a series of financial missteps, debt or other unfortunate circumstances can cause your score to drop slighpoor to excellent: Excellent: 750 - 850 Good: 700 - 749 Fair: 650 - 699 Poor: 600 - 649 Bad: Below 600 Your credit may have been excellent at some point, but a series of financial missteps, debt or other unfortunate circumstances can cause your score to drop slighPoor: 600 - 649 Bad: Below 600 Your credit may have been excellent at some point, but a series of financial missteps, debt or other unfortunate circumstances can cause your score to drop slightly.

It does not take into consideration debts, reserves, or overall financial strength as indicated by the major credit agencies, A.M. Best, Fitch, Moody's or Standard & Poor's.

They may bring debt, a history of poor choices including overspending and not saving, a childhood experience of poverty, or having a drop in social status and financial security within their family.

Recently I highlighted a series of studies showing that men's competition with each other for mates can lead to poor financial decisions such as racking up credit card debt.

The potential buyer's debt - to - income ratio also plays a factor since it, too, can reveal good or poor financial prudence.