Sentences with phrase «short term loans because»

Short term financing is referred to as an operating loan or short term loan because scheduled repayment takes place in less than one year.

Have you shied away from applying for a short term loan because you expect to be turned down?

Not exact matches

Interest rates on 15 - year mortgage terms are typically lower than those on longer - term loans because the shorter duration of the loan makes it less of a risk to the lender.

For example, 57 percent of those who participated in the ETA survey chose a shorter - term loan option with a higher APR for a hypothetical short - term business opportunity because it offered a lower overall dollar cost when compared to a longer - term loan with a lower APR..

That might be more appealing to some business owners than a loan with a longer payback, because they might be willing to pay more in the short - term in exchange for a greater ROI, faster.

For example, 57 percent of those surveyed by the ETA chose a shorter - term loan with a higher APR for a short - term loan purpose because it offered a lower overall dollar cost when compared to a longer - term loan with a lower APR..

As a general rule, a short - term loan will have a higher periodic payment, but a lower total interest cost of the loan when compared to a longer - term loan — even if that loan includes a lower interest rate, because the business is paying interest over a longer period of time.

The benefits of the Standard Repayment Plan are that you end up paying less than other repayment plans because of the relatively short repayment term, and you relieve yourself of your student loans in just ten years.

Because loans with shorter terms generally have lower interest rates, borrowers who chose loans with shorter repayment terms saw the greatest interest rate reduction.

Title loans are unlike credit card financing because they have a very short term.

A title loan is not the same as a regular car loan, however, because of the very short term length.

This kind of transaction is often more cost - effective than a short - term loan, especially if the borrower has a low credit score because the loan depends on the credit quality of the borrower's customers, not the borrower's.

Namely, because mortgage repayment gets spread over a larger number of years, each payment is smaller as compared to the payment with a shorter - term loan.

Payday lenders are considered a last resort because they provide loans with short terms and extremely high rates.

Because lenders offer the best rates on loans with shorter repayment terms, borrowers who are out to maximize their savings tend to choose a loan with the shortest repayment term that they can reasonably afford.

Again, because of the expense involved in taking out a short - term payday loan, it's really only a last - resort option.

If Sunderland did go through with a loan deal for Uruguayan international Coates, however, it would rule out Borini coming on a short term basis as well — because Premier League rules mean that a club can not sign two players on loan from the same team.

Short term loans get bad press because people take them out without fully comprehending the financial implications and get themselves into debt.

The reason why short - term loans have such bad reputations is because many consumers become unable to repay the loan on the agreed upon date and for the payoff amount.

However, we caution business owners from getting too reliant on short - term loans, because despite their easier application processes, they are some drawbacks:

A short term loan can help you out when you are suddenly hit by a payment that you have to make due to an emergency, or if you are caught short because you haven't been paid yet.

In addition to the savings resulting from a shorter term, interest rates on a 15 - year loan also are slightly lower than those for a 30 - year loan because your lender incurs less risk with a shorter loan.

Short - term loans often have huge interest rates and annual percentage rates (APRs), because they are meant to be repaid over a matter of weeks or months, not years.

Because of this short - term loan variability it pays to be tenacious and check with multiple lenders throughout the year.

Refinancing can also be a good choice if you want to reduce your loan term from a 30 - year loan to a 10 -, 15 - or 20 - year loan in order to pay it off in full faster — although even with lower rates, your payments are likely to be higher because of the shorter timeframe to repay the loan.

Because of the rapid depreciation of car value, shorter loan terms and larger down payments are most advisable for auto loans.

If you need a small - dollar or short - term loan badly, a credit union should be at the top of your list to check into, because the repayment terms are often more affordable than other options.

Many short term loan companies consider people who have bad credit because they use different factors to make a choice on your approval.

Because small - dollar loans (also known as small - figure loans) deal in small increments of money, they also tend to be short - term with quick repayment schedules.

Payday loan lenders and short term loan companies are required to state the Representative APR in all of their communications because it is the general yardstick for comparing all financial products.

You can get payday loans on line regardless of your credit history, because the lenders use a different set of criteria due to the short term of the loan.

Additionally, because of their brief repayment schedules, short term loans do not require serious commitment — the borrower is not indebted to the lender for a significant period of time.

Secured short - term loans often refer to payday or title loans because they involve issuing cash using an existing personal asset such as a paycheck or the title on a car.

Short - term loans are not normally recommended because they often come wi...

Payday Lenders: Though online payday lenders are prevalent in the online loans business, it is important to be wary of such lenders because of their short - term nature and extremely high APRs.

Because of the season and that there is a lot of competition among lenders, interest rates drop and fees are cut so that they become a little less expensive than the usual short - term loans.

Because forbearance does not pause the loan completely and the interest keeps accruing, it should only be used if you are having a temporary problem making payments and need a short - term solution.

Banks, for example, tend to have very large debt - to - equity ratios because they fund short - term loans by issuing debt.

Remember, the companies want your custom and appreciate that you have approached them because they are quicker at granting the short - term loan than a high street bank.

In running the GIC desk at Provident Mutual, I had to review a lot of strategies because making money on short - term bonds / loans was difficult, and difficult the degree that I doubted as to whether we were in a good business.

That's an annual interest rate of 546 %, and that's a big problem but it's not illegal, because although the Criminal Code prohibits loan interest of more than 60 %, there are exceptions for short term lenders, so they can charge huge interest rates.

Even though some people complain about payday loans being rip offs because of their high finance fees and short terms, these loans are extremely convenient and have helped thousand of people recover from temporary money problems.

Because APR is calculated on a yearly basis, it will be higher than the interest rate for loans with frequent payments, short terms, or compounding interest.

This is because APR calculations assume long - term repayment schedules; for loans that are repaid faster or have shorter repayment periods, the costs and fees are spread too thin with APR calculations.

So, they've got three or four of them and they're, you know, owing a thousand bucks on each of them, payday loans and short - term loans and they get them because their cash flow just isn't what it needs to be and the payday loan companies are more than happy to loan to someone who has a fixed income.

As a general rule, a short - term loan will have a higher periodic payment, but a lower total interest cost of the loan when compared to a longer - term loan — even if that loan includes a lower interest rate, because the business is paying interest over a longer period of time.

The approval process for short term loans doesn't even require a credit check, because the lenders know that circumstances change, and someone who was having difficulty a year or two ago might be in a perfectly stable place today.

Because these loans are given in smaller amounts, and because the term for the loan is short, your interest payment stays small and very reasBecause these loans are given in smaller amounts, and because the term for the loan is short, your interest payment stays small and very reasbecause the term for the loan is short, your interest payment stays small and very reasonable.

Because APR does not represent the total dollar cost of a loan, this was true even if the shorter - term loan included a higher APR than the longer - term option.

Because loans with shorter terms usually come with lower interest rates, the difference in the payments for 15, 20 and 30 year loans may not be all that different.