Sentences with phrase «trapped in a cycle of debt»

That meant your most expensive debt was the last to be paid off, trapping you in a cycle of debt longer.

Borrowers end up paying horrendously high interest and become trapped in a cycle of debt.

This way, you can be sure that you won't be trapped in a cycle of debt which can be relatively hard to break.

They do not try to trap you in a cycle of debt and they make all terms clear up front.

These lenders also let borrowers continually renew the loan by paying only interest, trapping them in a cycle of debt.

Lower - income borrowers often wind up trapped in a cycle of debt, taking out a string of payday loans, paying high fees with each one and falling further behind financially.

Not exact matches

With the right education, entrepreneurs can keep running their businesses instead of getting trapped in a debt cycle until better standards for unregulated lenders are in place.

But Mnuchin extends that argument about transparency into something more like a rap sheet: take Beijing's money, he warns, and risk being trapped in a debilitating cycle of debt — something that has led to asset - stripping by Chinese practitioners of what the National Defense Strategy calls «predatory economics.»

Offering payday loans that trap people in a cycle of debt could rapidly erode that trust.

The Case for Banning Payday Lending: Snapshots from Four Key States (June 2013) This report outlines the battles against the payday lending industry in states with strong usury cap protections, such as New York and North Carolina, and in states like California and Illinois with weaker laws that allow payday lenders to charge triple - digit APR loans that trap people in a cycle of debt.

Privately held debt of the U.S. government as a share of GDP increased this cycle to 74 % from 39 % in 2008, prompting concern that the U.S. is doomed to a debt trap in which high debt and low yields result in more debt.

March 29, 2015 • The federal government is moving to reign in the payday loan industry, which critics say traps consumers in a damaging cycle of debt.

The information you have provided should allow someone considering a credit card to have a solid footing and hopefully avoid being trapped in a cycle of credit card debt.

These parents can fall prey to payday loans and get trapped in a vicious cycle of long - term, high - cost debt.

Before you know it, you're trapped in a vicious cycle that you can't dig your way out of and your debt balance is growing day by day.

These ordinances are designed to help protect people from predatory loans that attempt to trap consumers in a cycle of debt.

Otherwise, you could find yourself trapped in a cycle of upside - down debt that will only get worse as you roll it over into more and more cars, digging a deeper hole with each attempt.

That's how many consumers become trapped in a never - ending cycle of mounting debt.

This company preys on the desperate and will trap you in a never - ending cycle of debt.

It is this second feature that in the 19th Century first earned even nonviolent loan sharks their «shark» moniker — a single loan, even if it is expensive, looks harmless enough, but stealthily traps the borrower in a cycle of debt.

People who do not take action and begin freeing themselves from debt end up trapped in the vicious cycle of watching their paychecks be spent before they are even received.

Secured by a post-dated check, direct access to a borrower's bank account, or a car title, these loans frequently trap borrowers in a cycle of debt.

Video games should not be trapping people in vicious cycles of debt, shame, and abuse.

Before getting a payday loan it's good to know that it can easily trap you in a never ending cycle of debt.

Even President Obama has recently weighed in, noting that some payday lenders may be «trapping hard - working Americans in a vicious cycle of debt»