Sentences with phrase «rather than their credit card debt»

Before 2008, the consumer market was focused on their long - term debt with a majority of Americans focusing on paying down their mortgage rather than their credit card debt.

For example, some landlords are more willing to overlook medical or student loan debt rather than credit card debt.

Not exact matches

The good news is that credit card debt is down from 2010, but evidence suggests that this is due to defaults rather than repayment.

An incentive system, for example, can teach teenagers to be responsible with small bills during high school rather than having them learn the same lesson with thousands in credit card debt years later.

By consolidating with a debt consolidation firm rather than a credit counseling agency, you typically turn unsecured debt — like credit card debt — into a secured debt — one backed by property like your home or car.

While credit cards have been a big problem for consumer's personal finances, there is a renewed encouragement to learn how to utilize cards for your benefit rather than avoid them in the interest of debt.

That said, it's wise to furnish a first credit card in a way that's most likely to enhance, rather than damage, credit scores and to minimize the possibility of unduly running up the household's credit card debt.

It's better to pay even a small amount on a credit card debt rather than nothing at all.

Due to the delayed effect and instant gratification when using a credit card many consumers often find themselves in over their heads sooner rather than later with significant credit card debt.

The idea in starting a plan to pay down credit card debt is to attack the principal balances rather than just paying interest every month.

Unfortunately, a scenario we see too often is a cardholder who has accumulated too much credit card debt and ends up spending most of their monthly payments paying off the interest, rather than reducing their total debt.

Rather than going into debt by means of credit card or loans, keep an emergency fund ready for such occasions, to stay debt free.

Now if you have a mortgage, mortgages traditionally have low interest rates, but if you have credit card debt, of course that would definitely make sense to pay that down rather than invest.

``... if you have credit card debt, of course that would definitely make sense to pay that down rather than invest.

Even if you are short on cash, you should plan out a way to pay off your credit card debt rather than just putting in the minimum payment.

By paying off your credit card debt with a low interest loan, it will be much easier to repay your credit card debt since more of your money will go towards the principal of the loan each month rather than the interest.

Consolidation loans are geared toward unsecured debt (credit cards, medical bills, utility or rent payments) rather than secured debts (home or auto) that have collateral behind them.

If you'd rather chat with someone you just met about religion, politics, or your love life than your credit card debt, then maybe you've got too much debt?

It is also better to pay off debt rather than shifting your balances from credit card to credit card.

I know by experience that many online calculators seem to provide numbers without any thought of who will be using them or what information the user truly needs.Many of us learn things visually (rather than just reading a manual) and appreciate graphs that explain how credit card debt elimination will work while others prefer reading text and numbers for an explanation of the process.

You might be in a situation where your credit cards don't have the highest interest rates of all your debts so rather than paying them off target the other debt before your credit cards... which brings me to the point that paying off the highest interest rate credit cards first will make your celebration that much more satisfying.

With the high amount of credit card debt, we do have, consolidation may also help you to pay off those credit cards sooner rather than later — making that celebration that much sweeter.

These states were weighed down by how residents managed their credit card debt, rather than the average amount of debt they carried.

You might be in a situation where your credit cards don't have the highest interest rates of all your debts; so rather than paying them off, you target the other debt before your credit cards.

This means that rather than spend a couple of years getting out of credit card debt, you will be spending the length of your mortgage getting out of debt.

And almost half of credit card holders have revolving debt, meaning rather than paying off their debts every month, they carry it forward.

Rather than focusing on such low - rate loans, I turned my attention to the higher - rate credit card debt I'd amassed.

Credit cards are a convenience but there are times you should think about leaving them in your wallet rather than adding to your credit cardCredit cards are a convenience but there are times you should think about leaving them in your wallet rather than adding to your credit cardcredit card debt.

Paying bills on time, paying off balances, and avoiding excessive inquiries into your credit report can all help to improve your score, while delinquent payments, revolving debt rather than paying it off, and owning too many credit cards can hurt it.

It is better to use the cards that were not included in the debt settlement program, rather than opening up new lines of credit.

After sampling over 100 different credit cards, we found that a benchmark consumer can pay on average of 80 % more to pay off their credit card debt if they have a poor credit record rather than a good one.

If you have a significant amount of credit card debt, that should be your priority to pay off rather than increase your retirement savings.

Pennsylvanians overall are financially healthy, opting for «good debt» in the form of student loans rather than debts like credit card debt.

End the vicious cycle of credit card debt, rather than transferring the balance to yet another credit card, which you might continue to charge up.

If you're in debt because of a mortgage rather than credit cards, paying down your mortgage may not be a priority.

Savvy consumers are trying to get «out» of debt rather than continuing to pay their credit card interest.

There are four categories of debt that each state decides the length it is collectible for: Oral Agreements (I agree, sounds rather worthless but they carry a bigger punch than one would assume); Written Contracts (where your typical collection would be located, like a medical debt); Promissory Notes (Installment loans like your mortgage or student loan); and Open - Ended Account (Your revolving accounts like a credit card).

If you feel weighed down by credit card debt, it's not too late to eliminate the burden — simply start taking steps to control your credit, rather than letting it control you.

He also recommends credit card debt relief rather than bankruptcy.

Consumers with credit card debt they can not afford to pay need to actively resist debt collectors, rather than passively wait with their heads in the sand for a credit card summons to arrive.

In general, the credit card debt will have a fairly high interest rate and getting it paid off sooner rather than later is a good thing.

If you keep a balance and have credit card debt, then it's probably better to use low interest or 0 % APR cards rather than rewards cards instead (because many rewards cards turn out to have higher rates than other types of cards that don't have such generous rewards).

The MDCL operates on the same premise as a regular debt consolidation loan: take out one loan to pay off all unsecured debts, such as credit cards, medical bills, payday loans, etc. and make a single payment to one lender rather than multiple loan repayments to multiple creditors.

The best 0 APR credit cards are really for helping you manage credit card debt, rather than for rewards.

Start comparing where you are now to where you would have been if you didn't invest in paying down your credit card debt, rather than comparing how much debt you have now to how much money you want to have, and it becomes more of a «holy crap this is working incredibly well, I'm making so much money» feeling rather than a «I have so far to go and I'm sad and this feels pointless» feeling.

There's no doubt paying off a car loan or student loan is a great feeling but rather than sending extra cash payments to these types of loans, put those payments toward credit - card debt instead.

I was also thankful that I'd chosen a traditional rather than a Roth, because I would have been so tempted to pull that out of a Roth and right into the 23 % interest credit card debt.

Prepaid cards are a great way to spend the money you have rather than getting into debt on your credit card, but check the fees to make sure they are a cost effective option for you.

«Many of today's cardholders use their credit cards as a payment tool rather than a form of debt,» said Clayton in the release.

«Consumers are thinking twice before increasing their level of debt, with many using credit cards as a payment vehicle rather than a tool to finance purchases,» said Chessen in the release.