Sentences with phrase «as the monthly payments accumulated»
As the monthly payments accumulated, the company would settle with additional creditors.
https://getoutofdebt.org/ Not exact matches
For most mortgages, as you make monthly payments, you will accumulate equity, or ownership, in your loan.
But over time, as you continue to make payments, the balance of the loan decreases, thereby reducing the interest that accumulates and allowing more of your monthly payment to go to paying down the principal of the loan.
Business debt accumulates just like personal debt and if your business doesn't produce as much income as needed to meet your monthly payments, then you may incur in personal debt too either because you are a guarantor of the company's debt or because you take a loan yourself to fund your business.