If a party does not fulfill its part of the agreement, this written agreement has the added benefit of having recalled the understanding that both parties have consequences. There are two types of payment plans: even master payments and even total payments. Even lump sum payments require the same amount as shown continuously, including interest. On the other hand, even the total guarantees an interest rate reduced to the total amount to be given. In this case, the best schedule is the uniform total, as it favors the borrower. Repayment plans also depend on the nature of the loan and the amount indicated. However, the best amortization plan is that of monthly payments, as this leaves enough time for payments and self-maintenance. Remember that borrowing is a big decision. You have to repay, so borrow just what you need…

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