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What is the meaning of prepaying?

Updated: 6/23/2021
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of Prepay

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Gayle Bailey

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Q: What is the meaning of prepaying?
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Are there penalties for prepaying a bad credit auto loan?

There are no penalties for prepaying a bad credit auto loan. It is beneficial to pay off the loan sooner or on time.


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You have to talk to the person or company or bank who holds the mortgage.


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The FFELP can help with loan consolidations and deferments for when the time comes to start repaying that loan making it easier with monthly payments. It can also help with repayment issues with prepaying the loan at anytime and having repayment options available.


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You are prepaying for future expenses. In a year when you don't get sick (using the example of health insurance) your premiums help the company pay someone else's claim. In a year when you have your own emergency, other people's premium float your claim.


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form_title= Phone Service Companies form_header= Need a phone? Find a reliable company near you. How much is your budget for the prepaid service?*= _ [50] When did you want the prepaid service to start?*= _ [50] Would you consider prepaying for an extended period of service?*= () Yes () No () Not Sure Is this for commercial or residential?*= () Residential () Commercial How often will you make phone calls?*= _ [50]


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Is rent expense an current asset or non current assets?

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