Sentences with phrase «amount over a predetermined period of time»
It's important to recognize that only certain types of accounts are monitored by credit reporting agencies, including credit cards; installment loans repaid at a fixed amount over a predetermined period of time, such as auto loans, student loans or mortgages; and retail accounts such as store credit cards.
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You borrow a fixed amounts of money to cover your educational expenses that you pay off over a predetermined period of time plus interest and fees.
Installment debt involves paying a certain amount each month over a predetermine period of time.
When you apply for a loan, you're requesting a specific amount of money from a lender and agreeing to repay that loan over a predetermined period of time.
When you're renting a car, you agree to pay a certain amount for the use of the car over a specific period of time and agree to pay certain, predetermined fees in case the car is returned late or in different condition than it is was received.