Sentences with phrase «to take on new debt»

You can quickly improve your score by just paying your bills on time and not taking on any new debt if you can avoid it.

You will see the amount reduce over time as you focus on repaying the debt without taking on new debt.

The tax cuts that are financed by taking on new debt add up to $ 1.5 trillion.

My advice is always to pay off your debt and not take on any new debt while you are doing so, but this is information you should have before you make your decision.

There are some other details you'll want to consider before taking on new debt.

Because it's been in such a fiscal mess for so long that it's prohibited from taking on new debt.

Now, though, with credit harder to come by and consumers wary of taking on new debt, debit cards — and reward programs tied to them — are gaining in popularity.

In addition to the potential credit hit, taking on new debt during the loan process can seriously affect your debt - to - income ratio and other financial guidelines.

Take your time to decide when taking on new debt, since many new grads will be paying back lots of student loan debt at the same time.

Many emerging economies took on new debt in the last few years.

I'm never the one to suggest that people take on new debt.

Discuss any decision to take on new debt together.

Only take on new debt if you're confident the situation is temporary and you can pay it back quickly.

Never apply for credit and take on new debt prior to or during the mortgage application process.

You effectively take on a new debt to pay off your existing debts.

And try to avoid taking on new debt, unless it's absolutely necessary.

Keep in mind that with a loan you are not really paying off all your debt — you're simply paying off old debt by taking on new debt.

The worst thing you can do is quit your job or take on new debts while going through a mortgage refinance.

As exciting as this process can be, you are better off waiting until after closing before taking on new debt.

If creditors or collection agencies are calling, if you are struggling with your monthly debt payments or are taking on new debt like payday loans to keep up with old debt, it's time to deal with your debt.

Consider the following very simplified examples: Sue has been paying her bills on time for the past 25 years, hasn't taken on any new debt recently, and has no collection items or judgments or bankruptcies.

Many businesses are taking a wait - and - see approach about decisions coming out of Washington, before taking on new debt through loans, a top M&T Bank executive said.

Obviously, you can help your situation by paying this debt off before you apply for a home mortgage loan, but if that's unrealistic then at least refrain from taking on any new debt commitments of any kind, large or small, before you apply.

Stop taking on any new debt.

Refinancing your old loans means that you'll get lower payments, but with the trade - off of taking on a new debt term from five to 20 years, and potentially paying more in interest expense over the longer duration.

You'll want to recalculate these ratios before considering taking on new debt, as your income increases, or as you pay down your credit balances.

Avoid taking on new debt if possible and eliminate or postpone discretionary spending in exchange for paying the debt off early.

Founded in 2004 by Thomas Sponholtz, a former executive at Barclays Global Investors, FirstRex previously offered homeowners a way to tap their equity without taking on new debt by selling a stake in their homes.

Add to that the problems you'll cause by taking on new debt during the underwriting process, and how it can throw your debt - to - income ratios out of whack, and you'll be better off not making these mistakes.

So, from my perspective it's trying to find a balance in allowing people to have some information about rebuilding their credit, but encouraging them to find a new way to be responsible with that credit, to take the fresh start of being rid of the current debt and not taking on new debt while rebuilding credit.

If you are receiving calls from creditors, barely keeping up with your minimum payment or taking on new debt like payday loans to keep up with old debt, it's time to deal with your debt.

from my perspective, it's trying to find a balance in allowing people to have some information about rebuilding their credit, but encouraging them to find a new way to be responsible with that credit; to take the first start of being rid of current debt and not taking on new debt while rebuilding credit.

They want borrowers who can afford to take on new debt, along with some extra cushion.

With median incomes stagnating, American consumers can't go much further without taking on new debt.

If you take on a new debt — such as an auto loan — that increases the front end of your DTI, making it harder for you stay under that key 45 %.

No matter what type of loan you get, it's important to understand that you are taking on new debt.

If you take on new debt to pay old debt, your lender is going to see you're relying on debt to pay debt.

The populace has run out of its capacity to take on new debt without going quickly into default on the debt already issued.

If you plan on refinancing your home in the near future, avoid signing up for any new credit cards and taking on new debt.

It might not make sense to take on new debt to pay current debt, but if you're in danger of defaulting on the first amount and damaging your credit, swapping debt might be an alternative.

If you are in significant student loan or credit card debt right out of school, it would be best to eliminate that first or at least whittle it down to a manageable level until you take on any new debt.

So if you take on new debt, they could know it.

Waiting just a few years to take on new debt will put two things in your favor.

Offering shares allows businesses to avoid taking on new debt.

Taking on a new debt without a plan on how you're going to pay it off defeats the purpose of filing for bankruptcy in the first place.

Even more than credit - card use, it's especially irresponsible to take on new debt, especially if you tap into a home equity line.