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If you have a credit score of 520 should you purchase a condo if the best interest rate you can get is 11 percent?
Wiki User
∙ 17y ago
If you can afford the payment at that rate, then it might be exactly what your credit needs. Mortgage loans play a very large role in credit scores; they can have a positive effect on your score if you keep them current but also can hit the score real hard if you are even just one time over 30 days late.
Wiki User
∙ 17y ago
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How can one purchase a credit card with bad credit?
One can purchase a credit card with bad credit by making an application to the following companies: Vanquis, Capital One, Aqua, Barclay Card, Luma. One should note that interest rates might be higher than usual.
What is a good credit score range if i'm looking to purchase a house?
Credit score will affect your interest rate when buying a home. If you have between 800-700 your score is high and therefore you should be able to receive a great interest rate. If you are lower than 700 but higher then 500, you should be approved too but the interest rate will be higher.
The earned interest on deposit is a credit or debit entry and against what should be done?
credit
Unused fees on credit line should be operating expenses or interest expense?
Interest Expense
Can interest paid on credit cards be claimed on taxes?
This would depend on where you live. In the UK, if the items purchased on the credit card were purchased solely for the business then the interest paid to the credit card company until these items were paid off might be considered a business expense. Essentially the business would be paying the credit card company interest for loaning it the money to purchase the business items. In this case proof of the interest accrued should be retained for tax records in addition to the receipts for the items purchased.
If a person dies can the credit card account still accrue interest?
No, it should not continue to accrue interest.
What is the formula used to calculate 8.5 percent interest on a credit card with a balance of five hundred dollars?
Credit card companies use several methods to calculate interest. There can be one or two billing cycles per month. Interest can be charged on the daily balance, new purchases, etc. You should refer to the "How finance charges are calculated" section of you billing statement.
How would you go about converting over from a high interest credit card to low interest credit cards?
First you should run a check of your credit score to see if you qualify for a lower interest rate. If your credit is in good shape many companies are willing to let you put existing debts on a new card with a lower interest rate.
What is the monthly interest payment on 10 thousand dollars borrowed against a credit card with 19.9 percent APR?
Your monthly payment, assuming you have quoted the interest rate correctly, should be $165.83 if you pay this off in one year (12 monthly payments)
What should you do first when calculating simple interest?
change the percent to a decimal
Why should you investigate the regular interest rate of your credit card?
the interest rate might be more causeing you to waste your money
Jared is performing a bank reconciliation and comes across a 3.50 interest credit What should he do with the credit to reconcile his statement?
subtract the credit from his checkbook balance.
