Sentences with phrase «paying higher interest»

It can take time to straighten out errors like this, and in the meantime you could lose the deal you wanted or end up paying a higher interest rate on your mortgage.

Just remember that you may end up paying a higher interest rate on what you borrow because of a low credit score.

That can be a daunting proposition for someone who doesn't have the best credit, since it likely means paying a higher interest rate or possible getting denied altogether.

Whenever you take out a cash advance from an ATM, you should plan on paying a higher interest rate immediately on the advance amount, as well as a cash advance fee of 2 — 5 percent and any fees that the individual ATM charges.

He soon discovered that he was paying a higher interest rate on the new loan (9.95 % instead of 7 %) and that the repayments were $ 500 more a month than on his previous loan.

Or, if you are approved for a loan, you might not get very good terms, resulting in paying a higher interest rate (and hundreds or thousands of dollars more over the life of your loan).

Emerging - market bonds have performed very well in the past decade, and even though the developing countries are in relatively - good financial standing, they are still paying higher interest than developed economies.

While interest rates are low this strategy works fine, but when interest rates rise the company must either continue paying the higher interest, or else pay taxes on repatriating the foreign cash.

However, with the Credit Card Accountability, Responsibility, and Disclosure Act (CARD Act) that went into effect last year, meant to crack down on credit card companies, consumers are finding that they are paying higher interest rates.

Relying on a single income and credit score could leave you paying a higher interest rate.

One thing to consider is that the loan acceptance process of many P2P lenders may leave subprime borrowers paying higher interest rates than they deserve to.

Free up your money by paying your higher interest.

Taking a cash advance usually means paying higher interest and fees on the money.

They end up paying a higher interest rate on loans, because there is a higher chance the bank won't get their money bank.

You also might find yourself paying a higher interest rate if you leave the balance on your credit card.

New bonds paying higher interest rates mean existing bonds with lower rates are less valuable.

Because you are paying a higher interest rate for twice the number of years.

If you will move in a few years, though, you might be better off just paying the higher interest rate temporarily.

Chances are you are paying a higher interest rate if you purchased your current home with bad credit.

To allow you to get a loan with favorable terms and interest rates, you need to have a good - to - great credit score otherwise you could end up paying higher interest than the rates on your cards.

Keep in mind, however, that you may end up paying a higher interest rate on some of the loans.

If one little thing goes wrong, you could find yourself renegotiating your mortgage agreement and end up paying higher interest rates.

At the same time, individuals with low scores will be paying a higher interest rate for the same loan from the same company.

So, if you have little or no down payment, you are likely to end up paying a higher interest rate than someone with a large down payment.

On the flip side, borrowers with lower scores have a harder time getting approved for mortgage loans, and they usually end up paying higher interest rates if they do get approved.

The best way to avoid paying higher interest rates on credit cards is to become a transactor rather than a revolver.

In other words, if you lock in your loan for the minimum 10 to 15 days, there's likely to be minimal impact on your mortgage rate, but if you opt for 60 days, you'll be paying a higher interest rate until you refinance or sell your home.

These days, the price of bad credit isn't simply paying a higher interest rate; it is the inability to get a mortgage at any price, as lenders have gotten more selective in awarding loans.

Like with a bad credit loan, a bankruptcy auto loan may subject you to paying higher interest rates, require a co-signer or make it necessary for you to put up collateral as security for the loan.

And that's without taking on more debt, paying a higher interest rate, or taking on multiple loans to purchase your home.

On the flip side, borrowers with lower scores have a harder time getting approved for mortgage loans, and they usually end up paying higher interest rates if they do get approved.

Paying higher interest rates on bank reserves may be one method.

Because you are paying a higher interest rate for twice the number of years.

If you plan on getting a jumbo loan for your home mortgage, brace yourself for paying a higher interest rate.

Most borrowers will also end up paying a higher interest rate the higher the loan amount and for 60 - month loan terms versus 36 months.

This can be true even for investors today since (over a relatively long horizon) the benefit of the tax deduction can offset the cost of paying the higher interest rate on interest - only loans that now apply.

While paying higher interest isn't ideal, if you use the card responsibly, you'll be able to improve your credit profile and should qualify for better deals in the future.

For example, if you're paying higher interest on a loan than the interest you're earning on an investment, the wise move is to pay off the loan before adding any more money to the investment.

«U.S. debt will need to pay higher interest rates, and as such, everything will go up.»

Losing money can happen when you pay a price that doesn't match the value you get — such as when you pay high interest on credit card debt or spend on items you'll rarely use.

According to rate - tracking website Ratehub.ca, youth accounts at Tangerine, the online bank owned by Scotiabank, pays the highest interest rate for young savers at 1.2 per cent compared with typically less than one per cent at the country's big banks.

You'll have more trouble getting a loan and will likely pay higher interest for the unknown risk that you present.»

Money market accounts, or MMAs, are typically defined as deposit accounts that pay higher interest in exchange for larger deposits, heftier minimum balances and a few more restrictions than what would be typical for standard savings accounts.

And, a borrower with this credit score should expect to have less options than a higher score and pay a high interest rate.

Definition: Money market accounts pay competitive interest rates (higher than savings accounts) in exchange for the use of your money.Advice: Money market accounts pay higher interest rates because they usually demand that you keep a higher balance.

Definition: An unsafe bond that pays a high interest rate (sometimes as high as 15 - 20 %!).

Online banking is often free, and these banks tend to pay higher interest rates on savings (and even checking) accounts than brick - and - mortar banks.

If you're paying high interest on your credit cards or you have a big expense coming up, taking out a home equity loan can be a smart way to get the money you need at an attractive rate.

However, when house prices began to decline, lenders were unwilling to refinance, and as a consequence, borrowers were often unable to pay the higher interest rates, which prompted defaults.

If you're already having trouble making your finances work, the threat of having to pay higher interest rates to make ends meet can be troubling.