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Paying for an item over a period of time with series of small payments?
Wiki User
∙ 12y ago
Installment buying
Wiki User
∙ 12y ago
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What is meant by amortisation?
Paying for something really expensive with many small payments over a period of time.
What is a loan schedule made up of a series of small periodic payments and a larger lump sum due upon maturity?
balloon
How does one start the process of college loan refinancing?
You can start the process of college loan refianancing by paying off the amount you were loaned in small payments plus the interest when you graduate or if you leave the school.
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.
If you have credits and still do not have no credit how do you get credit?
Your question seems a bit vague, but if I am understanding you, If you have "No" Credit, and want to start building credit, then the best way is to start making some small purchases on your credit card and paying them off over time. Maybe three payments worth. However, you want to be sure that the merchant you are making payments to, actually reports to the credit bureaus. That's the key element here.
What is meant by amortisation?
Paying for something really expensive with many small payments over a period of time.
Where can you get help paying utilities?
Most utility companies have some type of payment assistance program, allowing you to spread out payments or to even defer payments with a small interest payment until you are in a better position to pay your bill in the future.
What is a loan schedule made up of a series of small periodic payments and a larger lump sum due upon maturity?
balloon
Is it a crime to keep your car after missing payments?
if you keep for only a small period its ok but if you keep it for months that probably isn't the best
How does one start the process of college loan refinancing?
You can start the process of college loan refianancing by paying off the amount you were loaned in small payments plus the interest when you graduate or if you leave the school.
How to Pay Off Your Car Loan Early?
The earliest way to pay off your car loan early is to pay a little above your monthly payment each and every month. The majority of your monthly payment, especially during the early months, goes toward paying interest and financing fees. Even paying a small amount extra can be the equivalent of making two payments that month. Additionally, these small payments add up over time. Paying an extra 10% each month means that in less than one year, you will have already shaved off one monthly payment.
When a loan is obtained the consumer generally keeps the entire amount of the loan for specific period of time and pays back the loan amount plus the interest at the end of the loan period?
The way most loans work is you are given a specified amount of money (or credit) available to make purchases with. You are also charged a specified interest rate, which may be fixed or variable. If the terms of the loan have a grace period, there is a set amount of time that you do not have to make payments on the loan; however, interest is often accumulating during this grace period. After you have received the money, and after the grace period is over, you will have to start paying back the loan in small payments. The payment amount will be based on how much you borrowed, what the interest rate is and how long you will take to pay back the loan.
How do I pay off debts quickly?
You can start by paying off small debts then working your way to the bigger debts. You can use the money from paid off debts to double payments on bigger debts instead of blowing that money.
Can a hospital deny small payments for medical bills?
No, they have to accept it.
Can my power company shut off my power if I am paying on the bill each month?
Usually you must be several months behind on payments before they can shut off power. You could potentially get several months behind while "paying on the bill each month" if those payments were so small (e.g. $1 per month) as to have no practical effect on the accumulating balance due, but this might be a judgment call and talking to them about reasons you can't pay more at this time and how to get assistance would help prevent disconnection. However you made no comment on the size of the payments you are making, so I don't know if this is your case.
How do Mexicans make a living?
very small paying jobs
Can you continue your laps policy?
When does a policy lapse?As long as we pay our dues on time the policy remains in force. The moment we stop paying our premiums the policy lapses and the insurance cover provided by the policy becomes nullified. A lapse occurs when premiums are not paid even during the grace period. The life cover continues during the grace period whose duration varies based on the type of policy and premium payment frequencyWhat can we do if a policy lapses?Most insurance companies have an option wherein we can revive the policy by paying a small penalty amount. Even after the grace period is over, we can pay our premiums with a small penalty which the company takes as charges for not paying the premium on time and revives the policy
