Sentences with phrase «still paying interest on the debt»

Cons: The biggest downside to personal loans is that you're still paying interest on your debt.

Cons: The biggest downside to personal loans is that you're still paying interest on your debt.

Not exact matches

All of the interest you pay on the combined $ 600,000 of acquisition debt is still deductible if you itemize deductions.

The current mortgage interest deduction rules remain intact in the Senate plan: Americans would still be able to deduct the interest they pay on the first $ 1 million of mortgage debt.

«The question that we should ask is how can you inherit a budget deficit of 9.3 % of GDP, proceed to reduce taxes, bring down inflation, bring down interest rates, increase economic growth (from 3.6 % to 7.9 %), increase your international reserves, maintain relative exchange rate stability, reduce the debt to GDP ratio and the rate of debt accumulation, pay almost half of arrears inherited, stay current on obligations to statutory funds, restore teacher and nursing training allowances, double the capitation grant, implement free senior high school education and yet still be able to reduce the fiscal deficit from 9.3 % to an estimated 5.6 % of GDP?

The main reason you are still in debt after all the money you have been paying on a monthly basis is because of the interest and other fees such as penalty fee for late or missed payments.

The minimum amount you are required to pay gives you a false sense of security because you're still incurring interest on your bill and you're not crushing this debt at all.

Using a loan to consolidate debt means getting more money from the loan than you still owe on the home for the purpose of paying off credit card debt and any other debt with a higher interest rate than your mortgage.

People who pay their bills on time every month can still struggle to afford the interest on a high amount of debt.

If you still have some unsecured debt, and the interest rates are higher than 12 %, I suggest you pay those off before concentrating on your policy.

okay here's my two cents worth folks im up for renewal and have just nagotiated a rate 5 yr variable1.75 persent or if i want a five yr fixed at 4.49 still quite a gap between fixed and variable here i believe i have a little lee way here apparently i was only interesed in variable and five yr fixed but i made it absulutly apparent to them that when lock in from a variable i get the whosale discounted rate at that time and written into the contract i kinda believe this the way the market is heading as we head out of ressesion and the bank of canada is going to make there move i believe coming up in june and just to make this firm i do not believe the boc will raise rates in fast mode far from it will be slow process i don't care what the ecconmists are thinking we have to remember manufactering sector is reallt taking a hit on the high dollar and don't forget our niegbours to the south how dependent our canada is with them i believe it will be a slow process a lot of people heve put themselves in a debt load over these enormously low interest rates but i may be wrong i think a variable is the way to go if you want to work on that princibal at least should i say the say the short to medium term and betting that the bond markets stay put for the short to medium term - i have given enough interest to the banks maybe i can pay a little less at least fot the short to mediun term here i have not completly decided yet put i think im going variable although i wish my mtge was up a year ago that would have been just great congradulations to all that did.

Though you still pay income tax on your initial investment when those dollars are earned, the interest generated by these debt securities is exempt from federal income taxes, so your investment generates annual income tax - free.

Other terms and conditions will still apply, but this a nice touch for a card that aims to help you pay down debt quickly and cut down on interest.

The problem is that people don't realize that when they defer paying their loan, the interest on the loan is still building, meaning that they are going farther into debt.

Even if the credit card debt ends up being settled for 50 % interest building at 20 % on the total outstanding credit card debt still means a significant increase in what you will pay as a debt reduction settlement.

During the program you are still liable to make your payments on time to any debt collectors and to pay any interest or late fees incurred

Even if the interest rate is lower on the new loan, paying a short - term debt (like a credit card or personal loan) over a very long term (such as with a 25 - year home loan) means you will still pay more in interest and fees in the long run.

The snowball method focuses on paying off the smallest debt first, regardless of the interest rate, while still making minimum payments on your other card cards and debt.

Now, these same REITs can repurchase that same debt for.20 to.40 cents on the dollar, allowing them to earn LIBOR plus 750-1000, net, to the extent the underlying loans are still paying interest and principle.

So you will see more results while still paying on the highest interest debt.

If you pay an additional fifty dollars that first month, for a total bill of $ 105, then the interest for the next month (assuming the credit card company still has you on track to retire the debt in eighteen months) would be $ 4.50.

However, given the $ 1 trillion of credit card debt still outstanding, your average cardholder is still carrying quite the balance — and likely paying interest on it.

Although there is a balance transfer fee, you will not pay any interest for the first 15 months allowing you to decrease your debt, while still earning 1 % cash back rewards on your purchases, as well as another 1 % when you make payments on those purchases.

In that scenario, it might be wise to pay the minimum payment on your 0 % APR balance for a while so you can focus on paying off your leftover debt that's still at a high interest rate.

Regardless, the math works out the same, and you can still take advantage of the introductory APR period and spend more money on reducing your debt, rather than paying interest charges with it.

In operation since 1984, the project was paying interest only on its debt and was still operating at a loss.

College loan interest: Paying down your student loan interest while you're still in school is a way to reduce your debt in advance, but whether you're paying off your loans before or after graduation, you can file for a tax deduction on your interest, as well as the cost of your tuition and associatedPaying down your student loan interest while you're still in school is a way to reduce your debt in advance, but whether you're paying off your loans before or after graduation, you can file for a tax deduction on your interest, as well as the cost of your tuition and associatedpaying off your loans before or after graduation, you can file for a tax deduction on your interest, as well as the cost of your tuition and associated fees.

Solution: The best strategy to paying down your debt at a faster rate (and save you tons in interest payments) is to focus on paying more than the minimum payment on your highest interest rate account while still making minimum payments for your other debts.