Sentences with phrase «says debt expert»

«Whenever a bill collector gives someone a deadline, 99 % of the time they've just picked it out of the air,» says debt expert and author Mark Silverthorn.

Not exact matches

«If you're uninsured or underinsured, you can run up a huge debt in a short period of time,» says Lois Lupica, a bankruptcy expert and Maine Law Foundation Professor of Law at the University of Maine School of Law.

Medical debt collections now have less influence in the latest FICO and VantageScore credit - scoring models, and once a medical debt is settled, it's ignored completely, said credit expert John Ulzheimer.

The better economic backdrop has help companies to improve their cash flows and pay down some of their debt, experts said.

In an interview with IMF advisor Robert Shapiro, the bailout expert has pretty much said what, once again, is on everyone's mind: «If they can not address [the financial crisis] in a credible way I believe within perhaps 2 to 3 weeks we will have a meltdown in sovereign debt which will produce a meltdown across the European banking system.

«Finding a way to put money toward paying off debt, especially high interest debt, is the best way to free yourself from the vise grip debt can have on your budget,» says Kimberly Palmer, NerdWallet's credit card expert.

«Credit - card debt is very likely going to be the most expensive debt that you're ever going to service,» said credit expert John Ulzheimer, who has worked for credit bureau Equifax and FICO, creator of the FICO credit score.

«Credit - card debt is very likely going to be the most expensive debt that you're ever going to service,» said credit expert John Ulzheimer, who has worked for credit bureau Equifax and FICO, creator of the...

Some experts say not all debt is bad, especially the debts that might someday turn a profit or pay off in the long run.

Some experts say there's no need to follow a specific budgeting system as long as you're aware of important details like your income, debts, goals and general spending.

Some financial experts say freedom from debt is the most important goal.

Generally, experts say that it's best to keep your debt - to - credit ratio below 30 %.

Credit counselling expert says with debt loads at a record and little in the way of savings, Canadians may be «caught off guard» if economic threats materialize

«Your starting point should always be to build a complete picture of your debt, including all loans, credit cards, etc.,» says Barry Stewart, an insolvency expert with 180 Advisory Solutions.

The amount of debt and delinquencies are climbing, and some experts say the official numbers don't even capture how big the problem really is.

However the United Nations, as well as other financial experts have said that Greece's debt is unsustainable, and the methods in which the country is being forced to adopt are making things worse.

Research by financial experts also say that large student loan payments can significantly hurt a young adult's ability to begin to accumulate wealth: «The median 2009 net worth for a household without outstanding student debt was $ 117,700, nearly three times the $ 42,800 worth in a household with outstanding student debt.»

«Arguably, the level of debt associated with this case will mean that it is unlikely that a suitable or willing benefactor will be found,» said Wilson, a partner with restructuring experts Zolfo Cooper.

Add to that the growing cost of college — student - loan debt, averaging $ 24,000 per student, now outpaces credit card debt — and more questions arise about presuming everyone should aim for college, some experts say.

Experts say that one of the biggest obstacles is that many students and their families are not educated on the student loan system, so they're not sure how much debt they'll be expected to pay back upon graduation.

Experts say that if all goes well, you will be lucky to have 50 % of your debt excused, but it could be (and often is) less than that.

A caveat: When a mortgage lender processes your loan application, it runs a «hard inquiry» on your credit score, which can dock your score by up to 5 points, says Beverly Harzog, a consumer credit expert and author of «The Debt Escape Plan.»

Doing so — even for a store credit card like Target's or Macy's — triggers a hard inquiry on your credit report, which can ding your score by up to 5 points, says Beverly Harzog, a consumer credit expert and author of «The Debt Escape Plan.»

But if raising your credit score is a priority, keep utilization under 10 % on each credit card you have, says Beverly Harzog, consumer credit expert and author of The Debt Escape Plan.

And as Vanessa said if you have debt make a plan to pay it off, talk to the experts.

Some experts say not all debt is bad, especially the debts that might someday turn a profit or pay off in the long run.

Experts say, for student loan debt this had been predicted for quite some time, but the reality of it is simply hard to digest.

Actually, applying for a new credit card can ding your score by up to 5 points, says Beverly Harzog, a consumer credit expert and author of «The Debt Escape Plan,» because it results in a «hard inquiry» on your credit report.

When you default on medical debt, your doctor's office or hospital will likely outsource it to a debt collection agency, says independent credit expert John Ulzheimer.

Some experts say consumers should first consider working with a nonprofit credit counseling agency, which can set up a debt management program.

«Debt management programs can be good... but learning how to stay out of debt in the first place is better,» said financial expert Ric Edelman, who has a nationally syndicated radio program and has written eight books on personal finaDebt management programs can be good... but learning how to stay out of debt in the first place is better,» said financial expert Ric Edelman, who has a nationally syndicated radio program and has written eight books on personal finadebt in the first place is better,» said financial expert Ric Edelman, who has a nationally syndicated radio program and has written eight books on personal finance.

Simply, start by either filling out the form above where it says «Get Your Debt Quote» or call 866-376-9846 to speak with a debt expDebt Quote» or call 866-376-9846 to speak with a debt expdebt expert.

As all the experts say you shouldn't retire with debt, I was thinking of taking out the amount we owe from my small private pension and paying off the debt.

While some financial experts and those who are struggling with credit card debt will say that you may be better off without cards, there are -LSB-...]

Experts say debt settlement is among the least attractive options for dealing with student loan debt and the least likely to reach an agreement with the DOE.

Using a debt consolidation loan to pay down other debts shouldn't significantly impact your credit score, experts say.

«Starting in January, it's not uncommon to have in influx of calls from people facing credit card debt and figuring to pay it off that may have occurred during the holidays,» said Bossler, a financial wellness expert for GreenPath Financial Wellness in Farmington Hills, and a certified credit counselor.

That's why those with high - interest debt from multiple creditors will likely need to seek outside help to pay them down, experts say.

While you should avoid relishing any debt, experts say that there is an obvious line between good and bad debt.

Keep your debt at manageable levels; if you have a $ 10,000 limit on your credit card, don't feel like you need to hit it — stay well below it, ideally not charging more than 30 % of your limit before paying it off, said experts.

«Student loan debt is a huge challenge for so many people these days,» says credit and debt expert Wayne Sanford, owner of New Start Financial Corporation.

Instead, make a plan, stick to it and use the interest - free period to pay off your debt, experts say.

Your debt - to - income ratio must be under 43 % to qualify for a mortgage, but financial experts say 35 % or less is much more comfortable and will help you avoid debt.

Some experts say it indicates the department may be willing to make it easier for borrowers to erase their student loan debt in bankruptcy, Inside Higher Ed reported.

Financial experts say that less than 37 % debt - to - income ratio is healthy and anything over 43 % is a sign that financial distress is inevitable, if not imminent.

Managing Your Money - Planning Strategies See what experts have to say about budgeting on a fixed income, spending wisely, credit card use, debt management, saving strategies, emergency cash resources, and avoiding fraud.

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Credit counselling expert says with debt loads at a record and little in the way of savings, Canadians may be «caught off guard» if economic threats materialize

Getting Married - Experts Comments See what experts have to say about dating and money, joining two financial lives, money personalities, debt, communication, budgeting and Experts Comments See what experts have to say about dating and money, joining two financial lives, money personalities, debt, communication, budgeting and experts have to say about dating and money, joining two financial lives, money personalities, debt, communication, budgeting and saving.

So the federal government says that Licensed Insolvency Trustees are experts in debt management.