Sentences with phrase «stricter repayment schedules»

It means that those seeking mortgage loans with bad credit are unlikely to secure deals that are affordable, facing higher interest rates and stricter repayment schedules.

Jeff stuck to a strict repayment schedule and was able to finish his DMP two months early.

Closed mortgages involve a strict repayment schedule of a specific amount with optional limited lump sum payments and payment increases.

Not exact matches

With loans that are unsecured, however, there is usually a strict limit to the sum consumers are entitled to, while the schedule of repayments is strictly set out to end on a specific date, with little room to maneuver.

A third route is to renegotiate the repayment structure with the existing student loan lender, and then formulate a strict budget around the new schedule.

What this means is that those who have successfully secured personal loans, despite bad credit hanging over them, face strict limits to the sum available to borrow, higher rates of interest and, sometimes, less flexible repayment schedules.