Sentences with phrase «than the minimum monthly payment if»

Knowing that I needed to pay more than my minimum monthly payment if I ever wanted to pay my loans off in a timely manner, I did my best to pay extra each month.

Whether multiple high interest rate balances have been consolidated or not, always try to make more than the minimum monthly payment if at all possible.

Not exact matches

If you have a $ 1,000 credit limit on a credit card, ideally, you want to maintain a balance of less than $ 350, and make timely monthly payments on the balance that are above the required monthly minimums.

Rather than continue to pay the minimum monthly payments on the remaining two loans, the recent graduate continues to pay the same amount they did before — $ 575 (or even more if they have the financial resources to do so).

Most student loans do not have prepayment penalties; therefore, if you receive a windfall of money at some point in the year (for instance, a work bonus, a birthday present or a tax refund), you can pay more than the minimum monthly payment.

For example, if you have a credit card which requires a minimum monthly payment of $ 150, and that's more than your other credit cards, you can reduce that card's balance, which will reduce the monthly payment due, which helps to lower your DTI.

You may want to consider other options if you owe more than your annual income in the form of «bad» debt (e.g., high - interest credit cards or payday loans), you simply can not make minimum payments on time, or a debt management plan can't reduce your monthly debt payment to a manageable amount.

The fixed monthly payment will be rounded to the next highest whole dollar and may be higher than the minimum payment that would be required if the purchase was a non-promotional purchase.

This program will work best for you if you're unable to make more than your minimum monthly payments every month.

The fixed monthly payment will be rounded to the next highest whole dollar and may be higher than the minimum payment that would be required if the purchase was a non-promotional purchase.

Pay more than the minimum monthly payment whenever you can, even if it's only a few dollars extra.

If you decide that it is, we work with you to design a program that fits your monthly budget (keep in mind that it could be less than your monthly minimum payments).

The minimum monthly payment is $ 20 for accounts with a balance or the entire outstanding balance if it is less than $ 20.

Make more than one payment a month: You can set up automatic payments for the minimum, and if you have some extra money that month, you can then manually enter a second monthly payment.

Paying off the highest interest rate first would get me out of debt faster and cheaper only if my monthly payments were higher than minimum + $ 300

You may want to consider other options if you owe more than your annual income in the form of «bad» debt (e.g., high - interest credit cards or payday loans), you simply can not make minimum payments on time, or a debt management plan can't reduce your monthly debt payment to a manageable amount.

However, creditors may agree to report payments made under your credit counseling plan as «paid as agreed» even if you're paying less than the monthly minimum payments.

If the minimum monthly payment is 4 percent of that debt, and that's all you pay each month, it will take you more than 11 years to pay off that $ 6,000.

Minimum monthly payments: While making only the minimum is more a matter of treading water than actually resolving the debt, if this is the best you can do while not adding to the balances, consider it a sure way to avoid falling further behind in your payments — and into deeper financial tMinimum monthly payments: While making only the minimum is more a matter of treading water than actually resolving the debt, if this is the best you can do while not adding to the balances, consider it a sure way to avoid falling further behind in your payments — and into deeper financial tminimum is more a matter of treading water than actually resolving the debt, if this is the best you can do while not adding to the balances, consider it a sure way to avoid falling further behind in your payments — and into deeper financial trouble.

Even if their situation changes, they are still facing a considerable hurdle of negative wealth if they can not make more than the minimum monthly payment.

Debt settlement may be the right strategy for you if you're struggling with $ 15,000 or more in debt, want a single, low monthly program cost, want to resolve your debt faster than making minimum payments, and / or are worried that bankruptcy may be your only option.

If it's possible to make more than the total monthly minimum payments try to focus on paying the credit card with the highest interest rate.

No matter the type of transaction you have, if you can not pay your balance in full, you will have to pay more than minimum monthly payments.

If you're unable to make more than minimum monthly payments on your debts, rely on credit to meet your monthly expenses, or are being harassed by creditors, please know that there are options available to you.

The minimum payment to be made to the Bank every period shall be equal to 3 % of the unpaid balance indicated in the monthly statement or a minimum of $ 10, whichever amount is higher (or the amount of the new balance if it is lower than $ 10).

You are welcome to prepay the loan or pay more than the minimum monthly payment amount if you wish, without incurring any penalty.

You'll still pay interest, but it'll be much less than if you only made the minimum monthly payments.

If you select to pay a regular monthly fixed amount and this is less than the minimum payment due in any particular month, the minimum payment due will be debited from your bank account.

The equal monthly payment will be rounded to the next highest whole dollar and may be higher than the minimum payment that would be required if the purchase was a non-promotional purchase.

If the «New Balance» shown on your monthly billing statement is less than $ 25.00, your Minimum Payment Due will be the New Balance.

If you take a $ 2,000 vacation and throw it on the credit card at 18 percent interest and make the minimum monthly payments, it will take you more than 10 years to pay for that trip, says Mike LeClear, director of financial counselors for FinancialHope Counseling and Education of Northeastern Indiana.

If you choose an amount lower than that calculation, the IRS will take your total bill, divide it by 72, and set that as your minimum monthly payment.

If you need to tap into your equity in the future, there will be a larger amount there than if you had only paid your minimum 12 monthly paymentIf you need to tap into your equity in the future, there will be a larger amount there than if you had only paid your minimum 12 monthly paymentif you had only paid your minimum 12 monthly payments.