Sentences with phrase «regular repayment schedule»

On a regular repayment schedule, they have less financial leverage than borrowers with better incomes to pay down their debt early and keep up the pace with their interest rates.

Amortization is the process of paying off a loan according to a regular repayment schedule.

There are obviously situations where IBR can be a life - saver for those who are unemployed, but if someone can afford the make the payments they should stick to their regular repayment schedule.

Not exact matches

Under a standard repayment plan, you simply pay what you owe on a regular schedule.

A loan that has regular, scheduled repayments that go toward paying both the loan's interest and principal.

«Keep up the regular debt repayment schedule and don't dip into the line of credit unless it's an emergency,» cautions Kvick.

But if you're earning a significant income and would benefit from the tax deduction a regular RRSP contribution would get you, then keeping to the 10 - year repayment schedule and also regular RRSP contributions makes more sense.

A loan that has regular, scheduled repayments that go toward paying both the loan's interest and principal.

Generally speaking, filing bankruptcy under Chapter 13 tends to work well for those who have a regular, steady income and are able to adhere to the repayment schedule.

This «grace period» is a temporary reprieve from your loans for the express reason to find your financial footing when it comes time to enter a regular loan repayment schedule.

Devise a disciplined loan repayment plan and make regular scheduled payments.