Sentences with phrase «then saves money on interest payments»

The business or government entity then saves money on interest payments.

Not exact matches

Also, if you are in a position where you can save money on interest payments by consolidating or refinancing your debt, then borrowing may be a good option for you as well.

If you are no longer a student and simply can't make your payments because of difficult finding a job or some other reason, then you should seriously consider at least making payments on the interest as it accrues in deferment or forbearance, as this will save you a lot of money over the life of the loan.

You can then use the money you'll save on interest payments to help pay down your principle and get out of debt.

So, if you have good credit, then a lower interest rate could essentially save you a considerable amount of money on your payment — along with the convenience of only having one monthly payment instead of several.

If the interest rate on your loan is lower than the interest rates on your credit cards, then it should save you money in interest payments

If on the other hand refinancing promises to save you a lot of money in the form of interest payments, and you work in an industry where jobs are plentiful, then it might not be such a concern.

This is an interesting idea to save the money in CDâ $ ™ s or savings, then make lump sum payments on the debt.

It's an easy way to save, and you can then use that money to buy your next car upfront or make a significant down payment and thus save money on paying interest on the loan.

You can then use the money you'll save on interest payments to help pay down your principle and get out of debt.