Sentences with phrase «to take on additional debt»

More than half (57 per cent) have taken care to avoid taking on additional debt since buying their home.

A debt restriction clause can be used to restrict a borrower from taking on any additional debt without the lenders permission.

It has been my experience that most financial problems do not get resolved by taking on additional debt, even if it is theoretically your money that you are borrowing.

Getting a loan means taking on additional debt just as you are trying to establish yourself in a new location.

Get your finances in shape before taking on additional debts.

As the recent recession lags on, consumers are finding it harder to make ends meet, and many may have had to take on additional debt through credit cards and personal loans.

Furthermore, it looks to me like they could well afford to take on additional debt if they were to need funds for a settlement.

Additionally, it would prevent processors from making farmers take on additional debt for other equipment or upgrades unless the farmers will recoup 80 percent of the cost in doing business.

While increasing a card limit can be a smart move, it should be done thoughtfully to avoid taking on additional debt.

Business banker Myra Sletson agrees that public programs can boost borrowing power: «These companies are often growing very quickly; and when they look at taking on the additional debt they need to buy equipment, for working capital, to build buildings, they're on the cusp of what the bank can do,» says Sletson, senior credit administrator for Omega Financial Corp. in State College, Pennsylvania.

I have used 0 % interest rate loans in the past (including furniture), but I stongly advocate a «pay as you go» instead of taking on additional debt.

Your mortgage banker likely told you to avoid making large purchases on credit or opening up new lines of credit prior to closing, but first - time homebuyers should also be careful with taking on additional debt after closing.

A debt restriction clause restricts a borrower from taking on any additional debt without the lenders permission.

It is therefore completely unconscionable to ask ALL taxpayers to take on additional debt in order to speed up repairs on these few specific roads when the fact is that the majority of the town's taxpayers live on roads that need repaving and each road should be placed on a schedule to be repaved.

Either of these options would be better for Louisiana's teachers and would ensure that the state does not take on any additional debt going forward.

DTI indicates whether you have the capability to take on an additional debt payment.

May encourage increased indebtedness: As noted earlier, refinancing and consolidation will probably increase your DSCR, which could tempt you into taking on additional debt.

Doing so may also assist on point number two above — big ticket item spending — by placing in bold relief how much money is already owed and why taking on additional debt at this time is a bad idea.

The IVA will affect your credit rating for a period of six years from the date the IVA begins (whilst most people will take the view that resolving an existing debt problem is more important than their ability to take on additional debt over the next six years, it's still important that anyone considering entering into an IVA is fully aware of the consequences).

This might suggest they're planning acquisition (s), in one form or another — I can't help worrying they'll take on this additional debt liability, but may not necessarily end up with any tangible assets in return...

Consolidating debt must be followed by a responsible plan of action to avoid taking on additional debt.

I don't think you should trash it intentionally but I don't think you should take on additional debt just to keep a higher FICO score.

Canadians are feeling more and more comfortable with the idea of taking on additional debt, and it's partially thanks to the central bank's stance on low interest.

«While rates are at all - time lows, it's important that Canadians are aware of the risk associated with taking on additional debt, regardless of its purpose.

They do this to make sure you haven't taken on any additional debt (like a personal loan) that would affect your debt - to - income ratio, and possibly disqualify you for mortgage financing.

Similarly, the company must not have bonding covenants or other agreements that prohibit it from taking on additional debt.

The lender will also be taking a look at your debt to income ratio, which is a formula designed to determine how prepared you are to take on additional debt.

With 401 (k) business funding (also called Rollovers for Business Start - ups) you can use your retirement funds to buy a business or franchise without incurring tax penalties or taking on additional debt.

Are they willing to take on that additional debt, perhaps concerned about a double - dip recession?

Individuals confidence to take on additional debt was bolstered by increasing home values and investment accounts.

A lender's inquiry usually means a consumer is taking on additional debt, which can result in extra credit risk and a lower credit score.

In other words, at the worst time to take on additional debt.

The reality is that most consumers who choose to consolidate their debt end up with more debt a few years later, so don't let debt consolidation provide you a false sense of security — or permission to yourself — to take on additional debt.

They do this to make sure you haven't taken on any additional debt (like a personal loan) that would affect your debt - to - income ratio, and possibly disqualify you for mortgage financing.

The lender will also be taking a look at your debt to income ratio, which is a formula designed to determine how prepared you are to take on additional debt.

It will allow you to build up a cash cushion to help you to avoid taking on any additional debt and give you time to see how your costs add up.

A DCP or debt repayment program will significantly reduce or stop the interest entirely on your outstanding debt without having to take on additional debt, as is the case with a debt consolidation loan.

Taking on additional debt is always a risk: it's harder to pay off, and failing to pay could mean losing your property.

The looming sentiment of rising rates and inflation has investors focused on reinvestment risk; however, a supply imbalance systemic of voters» hindrance for governments to take on additional debt has municipals as a whole outperforming their peers.

They've since filled the house with 18 - month - old twin boys and, because of the frugal choices they made early on, were able to put Rebecca through dental school without taking on any additional debt.

It is the high refining profits, and chemical profits, when oil gets cheap that allows you to keep the dividends coming in and then go on the offensive to purchase upstream companies outright that are unable to take on additional debt to survive.

Figure out the impact that taking on additional debt will have on your daily life.

Overall, lenders are looking to make sure you are financially sound enough to take on the additional debt.

Now is not an OK time to be taking on additional debt to fund consumption.

Investors will also want to know if you plan to take on additional debt or if other investors are involved.

Have you taken on additional debt that requires you to provide coverage?