Sentences with phrase «owed amount over time»

Be careful that this won't lead to a much larger owed amount over time.

Not exact matches

Amounts owing to be a person as a result of a violation of this Act shall be deemed to be unpaid minimum wages or unpaid over time compensation for purposes of sections 16 and 17 of the Fair Labor Standards Act of 1938, as amended (29 U.S.C. 216, 217): Provided.

The qualifications are much easier, and applicants can often reduce the amount of money they owe over time.

The amount of interest you owe with fluctuate with how much the interest rate changes over a specific time frame.

That means the amount you owe grows as the interest on your loan adds up over time.

Interest will accumulate over time, meaning you will owe a larger amount

Therefore the amount owed to the lender undergoes a steady increase over time.

As the borrower doesn't make monthly payments, the owed amount gets larger over time, which can be larger than the money from the sale proceeds of the home to pay back the loan.

Instead of the amount that you owe shrinking each month, the amount you owe will grow over time.

In other words, as you make payments on a traditional loan, the debt or the amount you owe is reduced and therefore the equity you have in the property increases over time.

Typically, this is the best solution for people who owe smaller amounts of back taxes (again, less than $ 10,000), as it's far easier to pay back the debt when it's been spread out over a 3 year period of time, rather than requiring the entire amount to be paid all at once.

Over time, your debt (the amount you owe on the mortgage) has decreased and your home equity has increased.

Then over time, the amount they owe becomes bigger and they no longer have the money, but not to worry, they say they will have it soon and then it spirals out of control.

You can also build good credit by making loan payments on time, keeping the amount of debt you owe below 30 % and ideally at 10 % of your available credit limit, and adding a mix of credit accounts over time.

This will improve your score over time, because people owing smaller amounts on their credit accounts are viewed as having a lower repayment risk than those who owe more.

If you qualify, you can consolidate all of your unsecured debts into one monthly payment over a fixed period of time, often for less than the full amount owing.

Many debts can actually be reduced, enabling you to pay back a portion of those debts over time, instead of the entire amount owed.

Dear Patrick, The «high balance» (also called «high credit» or «original amount») is an oftentimes overlooked item on a credit report trade line that reflects the highest amount owed on that account over a set period of time.

Many families struggle to make the minimum payments each month, while interest causes the amount owed to significantly increase over time.

Under a typical payment plan, borrowers either make equal monthly payments to retire their debt over a set period of time, typically 10 years, or they follow an escalating payment schedule in which the amount they owe gradually increases at a set rate over time.

The difference between a debt management plan and a debt settlement service, is that with a Debt Management Plan, you agree to repay the full amount of debt that you owe — so your credit score will get better over time as you pay back your debts.

Even people who only owe a few thousand (or sometimes even a few hundred) dollars are able to enroll in repayment plans that stretch their single lump - sum payment out over a longer period of time — typically something like 36 months, or 3 years, with the total amount owed being divided into much smaller monthly payments.

Over time, you will see that not only will your overall debt decline, the amount you owe in interest will decrease.

The final resulting figure is your current gap, which will change over time as your car's value and the amount you owe decrease.

This insurance mirrors the amount you owe on your mortgage, which declines over time.

In other words, as you make payments on a traditional loan, the debt or the amount you owe is reduced and therefore the equity you have in the property increases over time.

Because you make no monthly payments, the amount you owe grows larger over time.

For example, if the loan balance grows to $ 300,000 and your home value increases moderately over time to $ 220,000, the client (and potentially the estate) is not liable for any amount owed above the property value upon sale or death.

The principal is the loan amount that you borrowed and the interest is the additional money that you owe to the lender that accrues over time and is a percentage of your initial loan.