The interest rate and repayment schedule would be determined on the basis of income.
He must either pay in full, or take immediate action to set up a new repayment schedule.
They can negotiate interest rate, repayment schedule, and other conditions of the loan.
And repayment schedules can often be modified to make them more manageable.
That would require a payment of $210 a month under the old 10-year repayment schedule.
The group took away their credit cards, put them on budgets and worked out repayment schedules with the card companies.
After 5 years, the borrower will need to choose another repayment schedule.
A loan is an amount of money borrowed for a set period within an agreed repayment schedule.
Instead, they will have to seek protection under Chapter 13, which requires a repayment schedule.
The repayment schedule for the balance due was strung out over 27 years.
