The phrase "a new repayment" is correct and usable in written English.
It can be used when discussing a fresh or updated payment plan or schedule for a loan or debt.
Example: "After reviewing my finances, I decided to propose a new repayment plan to the bank to make my monthly payments more manageable."
Alternatives: "a revised payment" or "an updated repayment plan".
Honduras will not have to pay principal or interest on the debt until a new repayment schedule is in place.
But in July and again in August, a bank employee told her not to send a payment because the bank was close to offering her a new repayment plan.
Chapter 13 is an option for consumers who cannot repay their debts as scheduled, enabling them to repay all or part of their debt at a rate they can afford with a new repayment plan.
By failing to make a $28 million payment on Italian lira bonds due today, Argentina is now formally in default on its obligations and will be excluded from international credit markets until it can negotiate a new repayment schedule with its creditors.
It's not surprising that some borrowers are worried about what happens if they sign up for a new repayment plan and then lose their job.
But there could be downsides to consolidating as well, since consolidation results in a new loan and the borrower must restart at the beginning of a new repayment term.
They should write to the payday loan company withdrawing its right to access their account, inform the bank, open a new account (in case the payday loan company continues to access the old account) and agree a new repayments schedule with the loan company.
When she made a formal complaint, the bank denied that any new repayment arrangement had been made.
Refinancing your student loans could come with a big payoff, but it also comes with big changes: a new lender, new repayment term and new interest rate.
However, once the IMF joined as a creditor in this new repayment programme, it realised officials had made a serious miscalculation.
Here's a handy table showing the new repayment rates, depending on how much one earns.
