It is better for your creditors because you will end up repaying
a greater portion of your debt.
Not exact matches
Today a signification
portion of Ghana's
debts is still sitting on the soil
of this
great nation as plush houses, luxury vehicles, fat bank balances and assorted fixed assets for a few privileged past and present civil servants, government appointees and crooked businessmen known as «BIG MEN».
The
portion of your loan payment allocated to
debt protection is
greater at the beginning
of the loan and decreases over time.
This difference can be especially relevant to refinancing, because if you lengthen out the time remaining on your mortgage
debt, it is likely to mean that interest is a
greater portion of your monthly payment — and therefore, more
of that payment would be deductible.
Reduce the cost
of the
debt so that a
greater portion of each payment can be applied to the principal balance
Net - net is defined as net working capital (current assets minus current liabilities) minus the long - term
portion of debt — i.e.,
debt with maturity
of greater than one year in the future (
debt coming due within one year is part
of current liabilities).
If the consumer credit transaction is scheduled to be repaid in substantially equal installments which include a
portion of the amount financed, the amount
of credit life insurance at any time shall not exceed the
greater of the approximate unpaid balance
of the
debt, excluding unearned finance charges, if any, or the approximate unpaid scheduled balance
of the
debt, excluding unearned finance charges, if any, plus the amount
of one scheduled payment.
That's
great, but how do you figure out what
portion of your
debt to offer your creditors in your consumer proposal?