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It would depend upon the terms of the contract you signed and whether deferment is allowed.
Deferring payment on a car loan is not a common occurrence. If it were me; I'd want written assurances that my credit would not be damaged.
Deferring payment on student loans is very common. If the creditor is notified of the borrower's status, there is usually not a problem.
Read your contract carefully to see if there would be any ramifications to postponing your payment(s).
What else can I help you with?
If you defer a payment will you still have to make that payment?
yup, just at a later date - and typically a much higher amount
What is the main advantage of credit?
The main advantage... is that you don't have to pay for your purchases immediately. The purpose of a credit card - is to allow the user to buy items, and defer payment to a later date - or spread the cost of the purchase over a period of time.
What do you call an arrangement of receiving money goods or services now in exchange for the promise of payment later?
credit
How can one defer tax payment effectively?
One can effectively defer tax payment by utilizing tax-deferred retirement accounts such as 401(k) or IRA, investing in tax-deferred annuities, or utilizing like-kind exchanges for real estate investments. These strategies allow individuals to postpone paying taxes on their income or capital gains until a later date, potentially reducing their current tax burden.
What does Trade credit mean in business?
Trade credit refers to the agreement between businesses allowing one party to purchase goods or services from another and defer payment to a later date. This arrangement helps companies manage their cash flow and inventory without needing immediate cash outlays. Trade credit is often extended based on trust and the established relationship between suppliers and buyers. It can be a vital financing tool, particularly for small and medium-sized enterprises.
If you defer a payment will you still have to make that payment?
yup, just at a later date - and typically a much higher amount
What is the main advantage of credit?
The main advantage... is that you don't have to pay for your purchases immediately. The purpose of a credit card - is to allow the user to buy items, and defer payment to a later date - or spread the cost of the purchase over a period of time.
What is deferred payment price?
A deferred payment price may be different from a price of cash and carry. To pay later is to defer and is usually more expensive.
What does a deferred payment mean on a truck payment?
A deferred payments is to make the payment at a later date. From time to time a creditor may ask if you would like to skip a payment. They would charge you about $50 and move the payment or defer it to the end of the loan. This is not to your advantage. It costs you up front and costs you interest.
Which form of payment allows someone to make purchases while paying for them later?
credit
To put off a later date?
To put off to a later date is to defer.
Which form of payment allows someone to make purchases while paying for them later A. check B. debit C. credit D.cash?
credit
What do you use to buy something now and pay for it later?
A credit card allows you to pay for purchases at a later date. Credit card balances have a minimum payment due, but by paying more than the minimum, you save on interest payments.
What do you call an arrangement of receiving money or goods or services now in exchange for the promise of payment later?
credit
What do you call an arrangement of receiving money goods or services now in exchange for the promise of payment later?
credit
What are the different payment methods available for e bay auctions?
"The payment options include: PayPal, ProPay, Moneybookers, Paymate, Credit card or debit card, payment upon pickup and Bill Me Later."
What is the journal entry of an advertising bill received but not paid Then later a partial payment is made?
When bill received:[Debit] Advertisement expense[Credit] Expenses payableWhen partial payment[Debit] Expenses payable[credit] Cash / bank
