0
Does interest continue to accrue on the interest balance after the principle is paid?
Wiki User
∙ 8y ago
Interest on any account is paid before anything is paid on the balance. That's how credit card companies, well any lender makes a profit.
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
If a person dies can the credit card account still accrue interest?
No, it should not continue to accrue interest.
Can interest still accrue on a garnished credit card?
You bet it can ... The CC companies will continue to add interest at the specified rate until the balance is paid off in full.
What does interest capitalization mean?
Capitalization occurs when your lender or loan servicer adds the amount of unpaid, accrued interest on your student loan to your loan balance. Once this interest has been capitalized, interest begins to accrue on that new, higher loan balance.
Why won't my bank let me make a principal only payment on my loan?
Is there interest owed? Payments go first to fees, then interest accrued, and then principle. It is possible to accrue interest when no payments are due.
Interest will not accrue on your loans while you are in forbearance?
In the US, interest does not accrue on Subsidized stafford loans while in deferment. Interest does accrue at all times for unsubsidized stafford loans. Interest accrues on all loans while in forbearance.
Can I settle my credit card without paying late payment and interest?
Yes you can. If you have the funds available, you can pay off the whole balance before the 'dues date' - and accrue no interest or charges.
A sentence using a word accrue?
Your money will accrue interest after leaving it in the bank for 12 months.
If you borrow an Loan you are responsible for interest that accrues while you are in school?
In the US, you only accrue interest on the unsubsidized stafford loans that you receive, the subsidized stafford loans do not accrue interest while in school.
Does the amount of a lien stay the same over the years?
Generally a judgment executed as a lien will continue to accrue interest at the rate that is allowed by the laws of the state in which the judgment was granted.
Can a car title loan company continue to charge you when your vehicle is stolen and insurance handling the matter?
Absolutely. What you have is a financial contract. It is the same as any other finance agreement. You are required to continue to make payments and interest will continue to accrue until the balance is paid off. In order to keep whatever is left of your credit rating you should be advised to make your normal payments the same as you have been doing in the past.
Do loans accrue interest while deferred?
Yes
Do life insurance policies accrue interest?
Whole life insurance can accrue interest. However, look at the charges associated with that type of insurance, and your outcome may be less.
