Sentences with phrase «resulting higher interest fees»

Another case is when you are actually willing to take on a longer schedule and resulting higher interest fees in exchange for lower monthly payments.

Not exact matches

As a result, 57 percent chose a six - month loan with a higher APR over a longer - term loan to minimize total interest costs, fees, and expenses.

Without an organized system for paying bills, payments can be late or missed altogether resulting in late fees, penalties, and higher interest rates.

If however you're the type of consumer that may be subject to penalty interest or additional fees then your APR may be substantially higher as a result.

Missed payments result in fees and potentially higher interest rates.

If this happens more than once it may result in higher interest rates, a lesser ability to obtain credit and additional fees and penalty charges added to your credit card balance.

Since January 2011, creditors have been required to send consumers such notices when credit scores have resulted in the higher interest fees or other less favorable terms have been approved for the consumer when compared to other consumers with better credit histories.

Some exchanges charge exorbitant fees for purchases made with credit cards, and card issuers might classify these purchases as cash advances — which would result in high interest rates and additional fees.

Payday loans are typically extremely short - term loans, often as short as two weeks, that charge extremely high fees and interest rates that can often result in APRs exceeding 400 %.

Virtual banks, as a result, can offer their customers low - fee or no - fee products and higher - than - standard interest on many accounts.

Most of the fraudulent debt relief companies are interested in getting as much money as they can from you as quickly as possible before you realize that you are paying high fees for zero results.

For example, if you were to borrow $ 100,000 at 2.5 %, the interest that you would incur for a one year period would be approximately $ 2,500 however, you could in turn either invest it in something with a higher return say 8.5 %, and receive over $ 8,800 a year in interest plus sometimes additional fees, the result could be net interest earned of over $ 6,300 per year.

However, this would increase the monthly repayment amount as a result of accumulated fees and high interest charges.

This benefit could potentially result in long - term savings and might be worth sacrificing other features such as lower fees or a slightly higher interest rate on your checking or savings account.

The potential for travel perks, cash back and bonus points could cause you to spend more than normal, potentially resulting in high fees and interest on those purchases.

Carrying a monthly balance results in high interest rates and late payment fees if they're not paid on time.

Defaulting on no fax payday loans can result in additional fees and charges and even a higher rate of interest until the debt has been settled.

Secondly, I understand the feeling of being denied a loan or forced paying high interest rates and fees as a result of low credit scores.

The NCLC concluded that debt settlement companies use «a business model that is inherently harmful to consumers» because consumers are required to pay high fees for debt settlement programs that they are unable to complete, resulting in increased collection efforts and growing debts while their creditors continue to pile on fees and interest accrues.

As a result, their balances grow due to late fees and higher interest rates and their creditworthiness deteriorates.

Missing payments may result in much higher fees or penalty interest.

As a result, unsecured loans may come with higher interest rates and fees.

Although falling below certain balance thresholds can result in reduced APYs, your overall earnings from interest will benefit from the switch, so long as you can also meet the higher minimum daily or average balances required to waive the monthly fee.

As a result, 57 percent chose a six - month loan with a higher APR over a longer - term loan to minimize total interest costs, fees, and expenses.

Not only does carrying a large balance from month to month often mean interest fees, it also results in a high utilization rate being reported to the credit agencies.

Readers who actually want a thorough and careful account of the pros and cons of I - 732 from a policy point of view should read the three detailed articles by the Sightline Institute here: http://www.sightline.org/2016/08/01/pros-cons-carbonwa-carbon-tax-swap-ballot-initiative-732/ http://www.sightline.org/2016/08/02/does-initiative-732-carbon-tax-have-a-budget-hole/ http://www.sightline.org/2016/08/03/weighing-critiques-of-carbonwa-i-732/ Readers who are interested in the messy political conflict over the initiative might start with a couple of Patrick Mazza's articles: http://cascadiaplanet.blogspot.com/2015/11/can-wa-state-climate-policy-train-wreck.html http://cascadiaplanet.blogspot.com/2015/12/wa-climate-initiative-conflict-on-road.html If you want to know why the Alliance's proposal won't do much for low - income families facing higher energy costs as a result of a carbon fee (though it would produce a lot of union trade jobs by funding State infrastructure spending) start here: http://www.sightline.org/2016/08/16/green-stamps-a-climate-equity-proposal-for-the-pacific-northwest/