Sentences with phrase «keep up with your monthly payments so»
Because this is a secured loan, it's especially important to keep up with your monthly payments so you don't you run the risk of losing your assets, which in this case would be your home.
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As regards to personal loans, they may carry high interest rate, but never higher than that of credit cards so you might be able to keep up with the monthly payments.
Private lenders do offer a range of repayment terms, from five years on up to 25 years; so there is an ability to keep monthly payments low with longer terms.
So if you have less than that, or if you have more but can keep up with monthly payments, you're probably doing better than your neighbors.
Payment arrangements through the military probably will not coordinate perfectly with the required monthly payments that your servicer expects, so you are still responsible to keep your account up to date.
If you're struggling to keep up with outrageous payments, for example, a new car loan could help you score a lower monthly payment, so long as you're willing to extend your repayment timeline.