Sentences with phrase «young debtor»

The first step is to create a budget to determine how much the young debtor can apply toward debt repayment.

Even younger debtors are having their wages garnished.

Among young debtors, those with student debt once had similar credit scores to those lacking such debt.

After young debtors, senior debtors are the most likely group to blame financial mismanagement as a cause of their financial problems; however, 17 % also list health concerns as a cause.

A growing area of credit mismanagement for younger debtors is the use of high cost debt options like credit cards, subprime car loans and payday loans.

Not exact matches

The parables disclose with what pleasure and tolerance he surveyed the broad scene of human activity: the merchant seeking pearls; the farmer sowing his fields; the real - estate man trying to buy a piece of land in which he had secret reason to believe a treasure lay buried; the dishonest secretary, who had been given notice, making friends against the evil day among his employer's debtors by reducing their obligations; the five young women sleeping with lamps burning while the bridegroom tarried and unable to attend the marriage because their sisters who had had foresight enough to bring additional oil refused to lend them any; the rich man whose guests for dinner all made excuses; the man comfortably in bed with his children who gets up at midnight to help his importunate neighbor only because he despairs of getting rid of him otherwise; the king who is out to capture a city; the man who built his house upon the sand and lost it in the first storm of wind and rain; the queer employer who pays all of his men the same wage whether they have worked the whole day or a single hour; the great lord who going to a distant land entrusts his property to his three servants and judges them by the success of their investments when he returns; the shepherd whose sheep falls into a ditch; the woman with ten pieces of silver who, losing one, lights the candle and sweeps diligently till she finds it, and makes the finding of it the occasion of a celebration in which all of her neighbors are invited to share — and how long such a list might be!

But while the authors found little evidence that student debtors were more likely to end up on their parent's doorstep among all young adults, they also found evidence that the link between debt and boomeranging varied by race.

Today, most of the student loan attention revolves around the negatives for young student and graduate debtors, but their cosigners, often their parents, also struggle as a result of the student loan crisis.

Young people are also making up a higher percentage on insolvent debtors overall — 14 % in 2017 up from 12 % in our last two studies.

Among young households headed by a college graduate, those with student debt are more likely than non-student debtors to have outstanding vehicle debt (43 % vs. 27 %), significantly more likely to have credit card debt (60 % vs. 39 %), and just as likely to have housing - related debt (56 %).

Among households without at least a bachelor's degree, student debtors are about 1.5 years younger on average (29.0 vs. 30.7).

Among the college educated, the mean age of the student debtors is about a year younger than households not owing student debt (30.8 vs. 31.9).

But young student debtor households have much less wealth than their peers not owing such debt.

Among young and less - educated households, those lacking student debt are more likely to be devoting large amounts of their monthly income to debt service (14 %) than student debtors (9 %).

And the wealth gap is also large for households headed by young adults without a bachelor's degree: Those with no student debt have accumulated roughly nine times as much wealth as debtor households ($ 10,900 vs. $ 1,200).

Younger households tend to be more highly leveraged than older households, and student debtor households tend to be more leveraged than households that do not owe student debt.5 Among the young and college - educated, student debtor households are nearly twice as leveraged as their counterparts lacking student debt — 67 % vs. 34 %.

Without exception, young student debtors are at least as likely as young non-student debtors to owe each type of debt, and they are often more likely to have such debts.

Among young households whose heads lack at least a bachelor's degree, student debtors are more likely than those without student debt to owe on vehicle loans, credit card debt and other types of debt and are just as likely to have a mortgage and other installment debt.

But among households headed by a young adult without a bachelor's degree, student debtors tend to have more total assets ($ 27,500) than those without student debt ($ 18,600).

Among young, college - educated households, about 15 % of student debtors exceed the 40 % threshold.

Younger bankrupts are more likely than the average debtor to list financial mismanagement as a cause of their bankruptcy.

The artist's primary inspiration was A Rake's Progress (1732 -33) by William Hogarth, which in eight paintings tells the story of Tom Rakewell, a young man who inherits a fortune from his miserly father, spends it all on fashionable pursuits and gambling, marries for money, gambles away a second fortune, goes to debtors» prison and dies in a madhouse.