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If you win a lottery, is it better to take a lump sum of cash or take your money in installment monthly payments?
Wiki User
∙ 14y ago
If you take it in a lump sum of cash, you will lose money because they take more taxes out of it.
Wiki User
∙ 14y ago
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Is it better to finance an auto purchase with a small down payment and high monthly payments or high down payment and small monthly payments?
It is better to finance an auto purchase with a high down-payment and a low monthly payment, because it is less likely for you to fall behind on your payments and acquire debt.
How is installment spelled?
installment or, better, if you're English instalment.
What is the accounting entries for purchasing a car on installment basis?
Credit to Liabilities for the amount of the loan. Credit to liabilitites for the amount of interest on the amount of the loan.(this can be entered monthly to keep better track of) Debit to cash for the amount of the payment made. (this amount should be equal after the payments are completed to the addition of the loan amount and interest.)
Is it better to settle an account in collections or pay it in full via monthly payments?
Personally speaking, it is better to settle with a collection agency rather than making monthly payments. Theres only one ceveat....you must pay the collection agency in full. Example, lets say you owe $1000 to a credit card company. A collection agency will say, pay $600 NOW and this will settle the balance. So, if you dont have $600, its a 'catch-22'. You are better off making the monthly payments until the $1000 is paid.
Benefits of eastwood insurance?
There are several benefits in using Eastwood Insurance. These include lower monthly payments and a better quality of customer service.
Is it better to purchase on credit or purchasefor cash?
Cash purchases are better because an individual pays the full amount for a good and might be lucky for a discount where as in a credit purchase the individual tends to pay monthly installments and an amount of interest in every installment
What are the effects of bad credit remortgages?
A bad credit remortgage can be used for getting a better rate of interest,reduce monthly mortgage payments,consolidate existing loans and debts into one manageable monthly payment.A bad credit remortgage also helps to get a better credit score.
How can I lower my mortgage through refinancing?
Mortgage refinancing is a good way to lower your mortgage. Refinancing brings your payments down by finding a better loan. Refinancing allows you to have lower monthly payments which will allow you to pay off your loan faster.
What functions does the BBC mortgage calculator have?
The BBC Mortgage Calculator helps you work out your monthly mortgage and what your payments will be before you even borrow the money. This will better help you know what you can afford.
Is it better to pay off the complete balance on a credit card or continue with monthly payments?
Pay it off. Pay it off. Pay it off. . . Did I say to pay it off? It's better to PAY IT OFF !!!!! Like NOW!!!!
Isn't paying no interest loan by paying monthly due amount better than paying in full in term of improving credit score by having good payment history?
Making monthly payments on a no interest loan is way better than paying it off in full if you are looking to improve your credit score.
Where can one view a leasing calculator online?
One can view a leasing calculator on the site Efunda. This website allows one to calculate monthly monthly payments and/or interest rates on leases. This allows one to make an informed decision on the better choice for their leasing needs.
