Ask Question
BusinessBusiness
12 March, 07:31

What could be a good option available to you if you are behind on loan payments?

+1
Answers (1)
  1. 12 March, 09:22
    0
    The financial institution might offer the person to pay a little amount now and pay the remaining amount after the next pay day.

    Explanation:

    Loan amount is the amount which could have a effect on the aggregate amount the person eventually pay on the loan.

    In short, the loan payment comprise of the interest payment, which is considered as an expense. The principal payment, that reduces principal balance of the loan.

    The best option which is available for the person who is behind the loan payments that the financial institution may offer the person to pay a little amount of the loan and the remaining amount to pay after the next pay day.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What could be a good option available to you if you are behind on loan payments? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Consider the economies of hermes and gobbledigook, both of which produce gaggles of gop using only tools and workers.
Answers (2)
An investigator obtains consent from subjects to review their medical records and hiv status. he plans to go back to the medical record, so the hiv status information is stored along with patient identifiers in a database that he keeps on his laptop
Answers (1)
According to comparative advantage, trade between two countries A) allows each of the trading countries to allocate its resources most efficiently. B) will benefit all the industries in each of the countries.
Answers (1)
The U. S. Treasury bill is currently selling at a discount basis of 4.25%. The par value of the bill is $100,000, and it will mature in ninety days. What is the price of this Treasury bill? a. $95,750.00 b. $98,937.50 c. $98,952.05 d. $99,952.78
Answers (1)
What are the advantages of having a fixed rate versus a variable rate? What are the disadvantages? Answer should be in 3 complete sentences.
Answers (1)
New Questions in Business
An audience is first asked to write the last 2 digits of their social security number, and, second, to submit mock bids on items such as wine and chocolate.
Answers (1)
Which of the following statements is false? Multiple Choice Prepaid insurance is a deferred expense. Prepaid insurance represents a future economic benefit. Prepaid insurance is shown on the income statement.
Answers (1)
Under which conditions is price elasticity of supply relatively elastic or relatively inelastic? 1. Firms are operating in the short run 2. Firms would have a hard time storing their goods 3. Firms have a large amount of excess capacity 4.
Answers (1)
Maurice bought 25 shares of stock at $9.85 per share and sold them for $11.22 per share. What was his perchase price
Answers (1)
Where does money come from
Answers (2)
Home » Business » What could be a good option available to you if you are behind on loan payments?
Sign Up Forgot Password?