Posted by Smokey Stover on October 08, 2006
In Reply to: Re: service the loan posted by ESC on October 07, 2006
: : What do u mean by 'I m not making enough to even service the loan'?
: I found this in a glossary online:
: Debt service- Total payments due on loans (repayments plus interest).
: I guess it means I'm not making enough money to make my loan payments.
Actually, to service a loan, or service a debt, means to make interest payments, pay the interest.