Sentences with phrase «less than the minimum monthly payment»

You agree that you will pay each month not less than the minimum monthly payment on or before the scheduled monthly due date.

For instance, in Chapter 13 cases in the Columbus, Ohio, and Dayton, Ohio, the judges and trustees are allowing debtors to include special plan provisions that protect debtors from «charging collection fees, late fees, or any other penalties based solely on upon the reduced pro rata Chapter 13 Plan distributions being less than the minimum monthly payment it would otherwise be contractually entitled to during the life of the Chapter 13 Plan.»

Not exact matches

If you have a $ 1,000 credit limit on a credit card, ideally, you want to maintain a balance of less than $ 350, and make timely monthly payments on the balance that are above the required monthly minimums.

Making the minimum monthly payment on a credit card balance over $ 10,000 means that you will be paying just the interest (or less than the interest) on the balance.

If you decide that it is, we work with you to design a program that fits your monthly budget (keep in mind that it could be less than your monthly minimum payments).

The minimum monthly payment is $ 20 for accounts with a balance or the entire outstanding balance if it is less than $ 20.

Most people find that this payment is less than the monthly minimum payments they've been struggling with for months or years.

The minimum score needed to buy a car is less important than the monthly payment your income will comfortably support.

Minimum and Maximum Loan Term / Monthly Payments: Under Virginia law, your loan term can not be either less than 120 days or more than 12 months.

However, creditors may agree to report payments made under your credit counseling plan as «paid as agreed» even if you're paying less than the monthly minimum payments.

Basically it lets you make a monthly payment that's much less than your actual minimum mortgage payment (i.e. less than the interest - only amount).

Most cards nowadays don't have an annual fee unless they offer big rewards or are designed for people with less - than - good credit, but make sure to make at least the minimum monthly payment on time, or you may be slapped with a late fee and a higher interest rate — and you might even see your credit score suffer.

This is different from debt resolution because your debts are not settled for a lesser amount and monthly plan payments could be higher than your current minimum payments.

To make monthly mortgage payments more affordable, many lenders offer home loans that allow you to (1) pay only the interest on the loan during the first few years of the loan term or (2) make only a specified minimum payment that could be less than the monthly interest on the loan.

Your monthly savings amount can actually be much less than the minimum payments you are currently making, and the average plan length is between 24 - 48 months depending on total debt and debt types.

You'll still pay interest, but it'll be much less than if you only made the minimum monthly payments.

Please note with any of these plans: The new monthly payment can not be less than the minimum of $ 50.00; also you may have to meet certain criteria to qualify for some of these options.

If you select to pay a regular monthly fixed amount and this is less than the minimum payment due in any particular month, the minimum payment due will be debited from your bank account.

For certain loans with low balances, the minimum monthly payment amount may cause the loan amortization schedule to be less than the selected term.

If the «New Balance» shown on your monthly billing statement is less than $ 25.00, your Minimum Payment Due will be the New Balance.