Sentences with phrase «initial debt principal»
If you failed to meet your debt payments you now owe more due to interests and fees than because of the initial debt principal.
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Ten years later, many of these people are facing thousands of dollars in interest debt, on top of their initial loan principals, that they had not planned on.
If you only make the minimum payment on your credit cards, it could take months, years, or even decades to pay off your debt, all while accruing more interest than your initial principal.
The principal benefits of college loan consolidation is that the initial loan debt is cleared and the terms of the new loan are much better.