Consumer groups, meanwhile, say that these loans bleed consumers dry with high-interest rates and fees.
You probably also have an emergency fund that you keep liquid in a high-interest savings account.
Chattel, on the other hand, only qualifies for high-interest consumer financing, like the financing available for cars.
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When the cash runs out, the powers-that-be take out short-term, high-interest loans, guaranteed against future oil production.
One of the county's credit unions has told the government to bring in tighter controls for high-interest lenders.
Thousands more Americans may lose their homes soon, this time to a wave of high-interest subprime mortgage loans.
Once you find a high-interest savings account you like, set it up so saving is as easy as possible.
But advocacy groups are calling for legislation to let people renegotiate high-interest loans.
The loans are high-interest rate, one variety of them yielding an unseemly 35.21%.
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Selling low-yielding bonds to pay off high-interest credit card debt should be the easiest investment decision you make all year.
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She refinanced out of it, but says her mortgage broker pushed her to take another high-interest loan that she couldn't afford.
This has proved important for all manner of subtle charges for mortgages, money withdrawal, insurance on loans and, inevitably, high-interest loans.
These finance companies earned millions of dollars through unusually high fees, high-interest loans and the float (the working capital they handled for their clients).
Regional banks have also steered clear of the other main area where credit is deteriorating, sub-prime lending (high-interest loans to borrowers with patchy credit).
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One highly apocalyptic analyst, speaking highly off record, believes that if Italy gets dragged into the high-interest rate world, its banks will find this unsustainable.
The first two routs--a 65% fall from 1973 to 1974 and a 43% drop from 1987 to 1990--hit when high-interest mortgage loans to developers went bad.
The greater the spread between the high-interest debt and the rate of return on investment, the greater the financial advantage for paying off the debt first.
Instead of getting used to spending that additional income, use it to pay down high-interest debt, save for a rainy day, or contribute more to your retirement account.
The argument for not investing in a 401(k) stems from the possibility that the cost for servicing high-interest debt may outweigh the potential performance on retirement plan assets.
Already, hundreds of thousands of Americans who were stuck in high-interest loans have been able to take advantage of lower rates and save thousands of dollars every year.
Mr. HALL: Pay down the debt, especially the high-interest rate.
Pro: Running up high-interest debt can still be preferable to having the electricity shut off, neglecting an important medical procedure, or not paying your rent, mortgage, or car payment.
Then it begged the U.S. for funds to pay off speculators who had bought high-interest- paying Mexican debt on the assumption that the peso would stay steady against the greenback.
During that period, many homeowners were encouraged to consolidate their high-interest and revolving credit card debt into their lower-cost mortgages with hopes that it would help them save money, Manning said.
Based on the similarities between the U.S. and Japan, I strongly suspect that the U.S. government will soon start feeling similar pressure to provide relief to consumers drowning in high-interest consumer debt.
Somebody decided to change the definition of credit and made consumers feel that buying on credit was less like a high-interest loan and more like an increase in disposable income.
These stories were repeated time and again from people like Juana Rodriguez, who has a high-interest subprime loan, and Juan Carlos Jacobo, whose home is about to be sold off to the bank.
President Olafur Ragnar Grimsson and Iceland's Parliament had agreed to a repayment plan drawn up as what the press their calls the Icesave law, named for the high-interest accounts at the heart of the mess.
As a result, just this year hundreds of thousands of Americans who were stuck in high-interest loans have been able to take advantage of historically low rates and are saving thousands of dollars every year.
They are often exploited by unscrupulous recruitment agencies whose exorbitant fees mean they start work with heavy burdens of high-interest debt, or by employers who withhold workers' passports and don't bother abiding by health and safety laws.
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