It depends if it involves a business, property. If it's just a straight divorce and settlement your lawyer should have made arrangements as to when you received the settlement. If there is a business or property involved this can get you involved with taxes as well. It's best you seek legal counsel if this is the case. If it's the usual divorce and only has a flat or house and the contents of either, then you can't charge interest on this. UK: The usual procedure is that an application is made for the division of joint marital assets (Ancillary Relief), this runs alongside the divorce proceedings and, usually, once everything has been ironed out then the Decree Absolute (Divorce) is granted. There should not, in theory (!!!), therefore be any outstanding matters
The three instances where a person will be charged an interest rate will be on a home loan or mortgage, an automobile loan, or an outstanding balance on credit card. Student or college loans are also an instance where a person may be charged interest.
Visit the lender and verify that this is actually happening. There is a difference between simple interest and compound interest based on the interest and the principle outstanding.
Yes, a late fee can be charged on any outstanding debt. It doesn't matter where the debt came from, late fees and interest charges can continue to accumulate.
APR in banking terms means Annual Percentage Rate. It's the portion of the outstanding loan that is charged as interest each year until it's repaid.
No... this is illegal..(Federal).....no intrest can be charged on owed interest.
The true annual rate of charged interest is called the annual percentage yield. It is the interest charged and compounded against.
It varies ... loans for different items are charged at varied interest rates.
Sure.
Interest is usually not charged on interest and is called capitalizing interest. On some occassions banks may roll interest on a note and thus charge interest on the interest, but this is not advisable and is only done in certain situations that demand that it be done.
The APR and the cost of penalties. The APR tells you how much interest will be charged on the outstanding balance. The cost of penalties tells you what happens (and how much it will cost) if you default on repayments.
Plus - you don't need to save for those 'essential' things you want. Minus - you're charged interest on any outstanding balance each month.
interest charged to bank accounts