Sentences with phrase «cover accumulating interest»

Not exact matches

When your minimum payment does not cover all the interest that accumulates on your subsidized loans, the government will pay your interest fees for three years.

Scientists are interested in dune fields isolated within large impact craters because their dark color suggests that the dust covering much of the rest of the planet does not accumulate there.

Your child might be able to pull from savings to cover the difference for a period of time, but, eventually, they will not be able to afford the payments and the late fees and interest fees will begin to accumulate.

If your payments are not large enough to cover the interest that has accumulated on your loans, the unpaid amount will be capitalized once each year.

They usually have a short payoff period, high interest rates, and pricey up front load costs to cover a quick payoff as interest should not have an extensive period to accumulate if you pay off your loan rapidly.

That means that if your monthly payment doesn't even cover the interest that accumulates each month, your loans will grow.

All UK - regulated deposits — including money saved and accumulated interest — in bank or building society savings products, are covered by the FSCS.

Spiraling into thousands of dollars worth of consumer debt is frighteningly common, leaving people struggling just to cover minimum payments on increasingly accumulating interest and debt for years on end.

In a different situation, if you have accumulated a sufficient cash value and there is enough money on your account to cover the premium, you may still want to pay the amount you find appropriate to earn interest which is credited on a tax - deferred basis.

The premium paid is split into three parts: a part of it is allocated for the life insurance cover, a part of it is invested (this accumulates interest over time), and a part of it goes towards the administration expenses of the insurance company.