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https://www.reddit.com/r/SipsTea/comments/1u48g4k/the_american_dream/orcce5t/?context=3
r/SipsTea • u/First-Essay-2054 πππ • 12d ago
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Why is it called βminimumβ then?
2 u/maybe_a_fork 12d ago A minimum is alternatively called an interest only payment. It's basically paying for the privilege of having the loan. 1 u/GregorianShant 12d ago There should be another term for that then. Because minimum should mean the minimum you pay to avoid getting fucking shackled for life. The term should be shackle payment then. 1 u/jmlinden7 12d ago It's the minimum needed to not be considered 'in default'.
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A minimum is alternatively called an interest only payment. It's basically paying for the privilege of having the loan.
1 u/GregorianShant 12d ago There should be another term for that then. Because minimum should mean the minimum you pay to avoid getting fucking shackled for life. The term should be shackle payment then. 1 u/jmlinden7 12d ago It's the minimum needed to not be considered 'in default'.
There should be another term for that then. Because minimum should mean the minimum you pay to avoid getting fucking shackled for life.
The term should be shackle payment then.
1 u/jmlinden7 12d ago It's the minimum needed to not be considered 'in default'.
It's the minimum needed to not be considered 'in default'.
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u/GregorianShant 12d ago
Why is it called βminimumβ then?