Not exact matches
If you have a
very large debt balance and have been late on just one
monthly payment, it is likely that your credit may be impaired.
If you only carry a couple
very large balances, then it may take longer depending on your creditors and your
monthly payment.
Payment shock threshold is based on the idea that a borrower who is already paying significant housing payments every month can handle a larger payment, while a borrower who has very small housing payments currently may be a victim of payment shock and default on the loan if the payments are significantly higher than the monthly payments they are currently
Payment shock threshold is based on the idea that a borrower who is already paying significant housing
payments every month can handle a
larger payment, while a borrower who has very small housing payments currently may be a victim of payment shock and default on the loan if the payments are significantly higher than the monthly payments they are currently
payment, while a borrower who has
very small housing
payments currently may be a victim of
payment shock and default on the loan if the payments are significantly higher than the monthly payments they are currently
payment shock and default on the loan if the
payments are significantly higher than the
monthly payments they are currently making.
I have personally used and endorse the snowball method (pay off smallest to
largest regardless of interest rate), though I did adjust it slightly to pay off some debts first that had a
very high
monthly payment so that I would then have this
large payment to throw at the next debt.
This could be done with a simple upstream cap - and - trade system in which all of the needed allowances are sold (auctioned)-- not given freely — to fossil - fuel producers and importers, and a
very large share — say 75 % — of the revenue is rebated directly to American households through
monthly checks in a progressive scheme through which all individuals receive identical
payments.
These types of policies are popular because the cost of the policy is generally rolled into the car loan and does not usually increase in
monthly car
payment by a
very large amount.