Sentences with phrase «because avoiding interest charges»

That's because avoiding interest charges is a fast way to get rid of credit card debt, since all of your payment is applied to reduce the principal.

Not exact matches

Avoid paying just the minimum, because you will end up paying interest charges.

Many people will search for help in consolidating debts as a way to avoid filing bankruptcy and often fall into the trap of committing to a higher interest rate debt consolidation loan because the only financial institutions that will qualify you will typically charge you a higher rate of interest for doing so.

Some consumers avoid getting a credit card because they don't want to worry about service charges and interest rates, but using a credit card wisely can provide you with many benefits.

Certain consumers with subsidized loans end up paying a heavy price because they could have potentially avoided those interest charges.

For example, over the course of a 30 - year mortgage, you could avoid tens of thousands of dollars in interest charges because you had a slightly better credit profile.

Down payments typically increase the profitability of an investment because, since the down payment amount is not being financed, the investor avoids the interest charges that would have been incurred on those funds.