Sentences with phrase «to pay off high interest debt»

Simple math shows that you will get out of debt faster and spend less money by paying off your highest interest debt first.

By paying off high interest debt, you'll get an instant return on your money.

One of the first cited reasons is to pay off high interest debt with a personal loan; however, borrowers with other plans can still qualify for a personal loan.

Borrowers use the site to do one of my favorite things ever: pay off high interest debts like credit cards.

The solution: Create a household budget, get your spending back under control and pay off high interest debt before the debt waters rise even further.

Generally, you can reduce you monthly payments significantly by using equity to pay off high interest debts such as credit cards and personal loans.

Whether you have multiple student loans or a mix of student loans and credit card debt, focusing on paying off the higher interest debt will get you in a good place faster.

As you, I like the guaranteed returns of paying off high interest debt.

By consolidating your debt at a lower interest rate you will be able to reduce your debt faster and in the process have the ability to pay off your high interest debts sooner.

The best route is to pay off high interest debt now.

My first step in paying off student loans was to aggressively pay off my high interest debt.

Now, if you have a few working years left and you have a retirement plan, then consider paying off the high interest debt first (line of credit at 5.7 %).

You can use your home's equity to help pay for a child's college education, or pay for home renovations, or even pay off higher interest debt.

So, if a policy's cash value has accrued substantially, it could be a good source for paying off higher interest debt and for supplementing retirement income in the future.

A policyholder can withdraw or borrow these funds for any reason that they desire, including paying off higher interest debts, supplementing retirement income, or even for taking a nice vacation.

Many people who try to pay off the high interest debts first often end up losing momentum in the very beginning and giving up because the large debt may seem too intimidating.

Use the currently very high interest rates to your advantage and utilize the significant amounts of equity you have built up on your home to help pay off high interest debts like credit cards and auto loans.

It seems to me that since I am not going to get 6 % (my student loan rate) on a CD or a savings account, I should pay off our high interest debt fist and then start working on multiple income streams.

You can easily pay off the higher interest debts by re-financing your mortgage.

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.

Struggling to pay off high interest debts from medical expenses or credit cards can be absolutely overwhelming.

& lastly pay off those high interest debts.

Even if you pay for your upgrade in cash, there's still the question of where else that money could have been working - perhaps paying off higher interest debt, or perhaps earning investment returns in a retirment account.

Paying off debt is a sure thing and I would always say it is a good idea to pay off high interest debt first before investing but if you can afford to dollar cost average a small amount of your income into a 401k or Roth IRA, it's always a good idea too.

So many of these people are looking for money to help pay off high interest debt on numerous credit cards but rarely mention their plans to stop using those cards once the debt is paid off.

However, a home lone is not generally subject to the cardinal rule of paying off your high interest debt before investing.

The homeowner is then able to use the additional cash refinanced to pay off higher interest debt such as credit cards or to make home rennovations.

Some borrowers use peer - to - peer loans to pay off higher interest debts like credit cards or possibly Buy Here Pay Here auto loans.

This may seem counterintuitive, because the math would seem to tell you to pay off the highest interest debt first.

This may seem counterintuitive because the math would seem to tell you to pay off the highest interest debt first, but accumulating debt is as much a behavioral problem as a math problem, so get some easy wins under your belt by purging some easy debts first.

Once you've paid off the highest interest debt, start paying as much as possible to the next highest interest rate debt.

Once approved, we provide you a check to pay off your high interest debts, and also keep cash for any other reason.

The Barclaycard Ring ™ Platinum MasterCard ® is the most cost - effective balance transfer solution for those struggling to pay off their high interest debt.

For many people, there comes a time when a quick infusion of cash can get them out of jam — an unexpected financial crunch, a need to pay off high interest debt, a medical emergency, or when they come up short for a major purchase.

For example, paying off high interest debt should be top priority, while saving for a luxury vacation should definitely be in the «want» category.

Goodness gracious, if we don't, then we lay on our deathbeds thinking, «well, at least I paid off my highest interest debt first.»

«Pay off your higher interest debt credit card before the others,» advised Laurie Itkin, author of «Every Woman Should Know Her Options: Invest Your Way to Financial Empowerment.»

But it requires discipline, and extending the term on your education loans will increase their cost, especially if you fail to pay off your higher interest debt.

Remember a lot of people will refinance their home to pay off high interest debt, because mortgage rates are so low.

The refund generated by an RRSP contribution can be used to buy a vehicle, purchase a home or pay off high interest debt

Interest rates are not that high and if you use the money to pay off higher interest debt you are actually saving money in the process.

I highly recommend investing in the stock market, but I would get my finances in order and pay off any high interest debt you may have first!

You can use the funds from the refinance to do some home improvements, pay off higher interest debt or simply save the money for future use.

Others may decide that paying off higher interest debts is the wiser thing to do.

It makes sense to use lower interest debt to pay off high interest debt, but I would be careful transferring unsecured debt to secured.

We mostly encounter people who use the money to invest in a home renovation or pay off a high interest debt.

Of course the idea here, is to get the best loan deal you can get, and then use it to pay off your higher interest debts.

The more you pay off high interest debt, the less it will be a factor to your overall finances.

Paying off high interest debt (i.e. credit card debt, not a mortgage) is generally a much better return on your money than investing.