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Yes, APR (Annual Percentage Rate) still matters even if you consistently make on-time payments because it affects the overall cost of borrowing money. A lower APR means you pay less in interest over time, saving you money in the long run.

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4mo ago

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Does the APR matter if I consistently make on-time payments?

Yes, the APR (Annual Percentage Rate) still matters even if you consistently make on-time payments because it affects the overall cost of borrowing money. A lower APR means you pay less in interest over time, saving you money in the long run.


Will co signing hurt your credit score if the payments are made ontime?

Provided the payments are made on time, no this will not hurt your credit score. If the person you are co-signing for doesn't make the proper payments on time and you cover the payments so that they are in full and on time, your credit score will be fine. The only concern is if the payments aren't made on time or in full your credit score will be hurt as much as the person's for whom you are co-signing. In essence, co-signing a loan means you take responsibility for making sure the other person will make the proper payments on time and in full.


How can I ensure that I am able to consistently make my loan pay back monthly?

To consistently make your loan payments each month, create a budget that includes your loan payment as a priority expense. Track your income and expenses, cut unnecessary costs, and set up automatic payments to ensure you don't miss a payment. Additionally, consider setting up an emergency fund to cover unexpected expenses that could impact your ability to make your loan payments.


If you co-sign a loan for someone and she makes all the payments on time will her credit rating improve?

Yes, it will improve her score, no matter who makes the payments on time, but you should be worried about what happens if SHE does not make the payments. The lender will expect YOU to make them.


Can you make payments for this product/service?

Yes, you can make payments for this product/service.

Related Questions

Does the APR matter if I consistently make on-time payments?

Yes, the APR (Annual Percentage Rate) still matters even if you consistently make on-time payments because it affects the overall cost of borrowing money. A lower APR means you pay less in interest over time, saving you money in the long run.


How do improve my credit rating?

The best advice any Credit Assoiciate will give you to improve your credit is make your payments on time all the time. Always pay the medium due and always pay it ontime.


Will co signing hurt your credit score if the payments are made ontime?

Provided the payments are made on time, no this will not hurt your credit score. If the person you are co-signing for doesn't make the proper payments on time and you cover the payments so that they are in full and on time, your credit score will be fine. The only concern is if the payments aren't made on time or in full your credit score will be hurt as much as the person's for whom you are co-signing. In essence, co-signing a loan means you take responsibility for making sure the other person will make the proper payments on time and in full.


Can you get financial aid for school if you are in defualt?

In the US, only if you rehabilitate or consolidate the defaulted loans. To rehabilitate, you need to make 9-12 ontime payments to your current lender. If you need help with the consolidation of your defaulted student loans, I recommend www.defaultms.com


How can I ensure that I am able to consistently make my loan pay back monthly?

To consistently make your loan payments each month, create a budget that includes your loan payment as a priority expense. Track your income and expenses, cut unnecessary costs, and set up automatic payments to ensure you don't miss a payment. Additionally, consider setting up an emergency fund to cover unexpected expenses that could impact your ability to make your loan payments.


Can a mortgage company continue to report your debt as late after the bankruptcy is confirmed and you have continued to make monthly payments on time?

Payments in the last 12 months are reported on your credit report. The BK 7 and the previously late payments will continue to show on your credit report, but eventually your ontime payments will be the ones showing. You may be able to get a statement that the house was redeemed in the bankrupcy, but all late notices for the past 12 months and/or a notice of foreclosure will remain.


If you co-sign a loan for someone and she makes all the payments on time will her credit rating improve?

Yes, it will improve her score, no matter who makes the payments on time, but you should be worried about what happens if SHE does not make the payments. The lender will expect YOU to make them.


How do you own a home years sooner without making extra interest payments?

You make extra payments toward the principal.You make extra payments toward the principal.You make extra payments toward the principal.You make extra payments toward the principal.


Can you make payments for this product/service?

Yes, you can make payments for this product/service.


what from do i need to make payments to maryland?

What form is neede to make payments to Maryland State ?


Can a vehicle be taken with commercial plates if it is the most important tool for your own company?

Yes. Doesn't matter if it has commercial plates or not. Doesn't matter how important it is to you. If you don't make your payments, your vehicle gets repossessed.


What kind of payments do you have to make on car loans?

You can make monthly payments or yearly payments. You can even pay it in full if you have enough money for that. It all depends on the company however.