Sentences with phrase «longer pay back the money you borrowed»

This protects the bank in the event that you die and can no longer pay back the money you borrowed.

Not exact matches

If you borrowed money from a bank, and then said you will pay the money back in five years, how long would you stay in business?

As long as you make a monthly minimum payment, generally a small fraction of the outstanding balance, you enjoy some freedom in when you pay back all the money you've borrowed on the card.

If you have a high credit utilization ratio over a long period of time, it signifies to lenders that you may not be reliable in paying back the money that you borrowed a timely manner.

You will determine how much money you borrow and how long you want to take to pay it back.

There are drawbacks to this — such as missing out on tax - free compounding — but borrowing from your 401k may be a better option than pulling your money out completely; it will be much cheaper since no penalty will be exercised, just as long as you pay the money back with interest within five years.

As long as you have a steady income and resources to pay back money borrowed on time, a cash advance from a short - term loan company could help you out faster than your own bank, as most operate 365 days a year and can get cash to you quickly, some even operating 24 - hours a day.

Many people try to avoid long - term financial commitments because they are afraid of getting into the debt burden, so they borrow money for short term and pay it back quickly.

Reverse mortgages, which allow homeowners 62 and older to borrow money against the value of their homes — money that need not be paid back until they move out or die — have long posed pitfalls for older borrowers.

You will not be able to borrow an exaggerated amount of money, since it will have to be paid back in no longer than two weeks, but you will surely get enough to cover you emergencies.

As long as you pay back the money you borrow within the «grace period» of 25 - 30 days, you don't have to pay extra.

After you figure out how much you can borrow, the next thing to consider is how long you'll have to pay the money back.

Texas doesn't limit the amount of money you can borrow, but it does regulate how long you can take to pay it back.