Sentences with phrase «then pay back the money you borrow»

You then pay back the money you borrow, usually at a fixed interest rate, each month, much like you do with your first mortgage.

Then you pay back the money you borrowed, plus interest, and profit from the difference.

Not exact matches

Firstly, all loans have consequences if you borrow the money but then refuse to pay it back.

(That is, they're not interested in your ability to borrow money, stash it in a bank account for a month, and then pay it back.)

If you borrowed money from a bank, and then said you will pay the money back in five years, how long would you stay in business?

After falling into debt with a Korean mobster (Alvin Lee), and then borrowing money from nefarious loan shark Neville Baraka (Michael K. Williams) that he promptly loses on the blackjack table while trying to win back what he owes, Jim is given seven days to pay or else.

Begin to feed your consumer report the information it needs — your behavior with borrowing money from an institution and then paying it back with interest.

The entire purpose of credit is to borrow money from a lender and then pay it back in either a revolving or installment manner over a period of time.

In a typical mortgage, you borrow money in lump sum right at the beginning and then pay it back over a period of time using Equated Monthly Instalments (EMIs).

The idea behind the loan is that it will be short term: the taxpayer will borrow the money to contribute towards their RRSP, and then use their tax refund to help pay back the loan.

As I wrote in How to Make Money on 0 % Credit Card Transfers, I'm not into borrowing a ton of cash on a credit card at 0 %, saving it for a bit, then paying it back and pocketing the interest.

Being approved for a quick cash advance loan means that you make an agreement with the company to borrow money now, and then when your next payday arrives you will have to pay the money back.

If you borrow money, pay off your credit cards and then charge them back up again, you're in worse shape than ever.

Then chute you can borrow up to half the value limit $ 50k, and the interest is paid back to yourself... lower your taxes, and yet the money's right here in your hands.

With a persona loan you borrow money and then pay it back — pretty straightforward.

Every time you use it, you're borrowing money — the card issuer or financial institution covers your purchase, and then you're responsible for paying them back at a later date.

Your credit score doesn't measure if you can afford something (if you are needing to borrow then it is clear that you can not afford it at this moment or else you would just pay cash for it); it measures your ability to pay back money you borrowed.

Open - ended loans offer you the chance to borrow as much or as little money as you want, up to a certain amount, and then pay back some or all of the funds monthly.

You borrow the money for a specific period of time and then pay the money back.

It's important that your teen truly understands that a credit card essentially allows her to borrow money that she will then pay back later.

Lines of credit act more like credit cards than installment loans — you can borrow and pay back money and then borrow it again and you're required to pay a minimum payment each month representing a percentage of your balance rather than a set payment each month like an installment loan.

If you borrowed the money to make the loan on a line of credit and then paid it back immediately upon receiving each payment, you just reduced your loan cost dramatically.

Building positive credit essentially boils down to borrowing money and then paying it back on schedule and keeping your balance low in relation to your card's total credit limit.

Then, you can either lend your money to friends in need (and make 3 % interest on that loan) or borrow money from your group (and pay back 3 % interest to your group).

If you tell your heirs that they will receive $ 150k from your life insurance policy after you die, but then you borrow $ 50k from your cash accumulation and die before you are able to pay the money back, your family will receive $ 100k — an unpleasant surprise in an already upsetting situation.

If you tell your heirs that they will receive $ 100k from your life insurance policy after you die, but then you borrow $ 30k from your cash accumulation and die before you are able to pay the money back, your family will receive $ 70k.

Then, when the units get rented and I live rent free, I can pay them back and it's like free money to borrow with no interest.

For instance the money is tax deferred going in which is great but then when you borrow against it you pay it back with after taxed money and at an interest rate.

But borrowing money and then believing you don't have to pay it back because of a remote manufactured technicality is unrealistic and under the dream category.