Sentences with phrase «retiring debts with higher interest rates»

This means he could be spending beyond his / her means as the Home Equity loan can be used for anything, home improvement, vacation, retiring debts with higher interest rates, or gambling.

Not exact matches

But if you have a large amount in credit card debt with high interest rates and you don't use your 401 to pay off this debt, it still will be there when you retire and all the interest, so you are still using your retirement to pay this.Doesn't it make sence to go ahead and pay the penalty and taxes and be debt free instead of paying all the debt and interest when you retire..

If you can pay off a high interest debt quickly this way, with your eye on retiring your existing balance before the promotional period is over, then going with a credit card offering a 0 % rate could be worth it.