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No, if you completely pay off your credit card before the next billing cycle, you dont have to pay any interest. Check with your credit card company to see what their billing cycle is
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∙ 16y ago
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Can you pay off a car loan without paying interest-?
If the total interest expense is included in the loan balance, they you'can't pay off the car without paying interest.
Can you pay off a loan ahead of time and save interest charges?
It depends on the type of loan. Most mortgage (home) loans are of a type where the interest you pay is on the "remaining balance". It stands to reason therefore that if you reduce the remaining balance the interest will be calculated on a smaller balance and therefore be a smaller amount.
Which would be better to do, pay of a closed credit card that is at a good rate or pay off the open credit card that has a much higher interest rate Both cards have a large balance.?
It is better to pay off the open card that has the higher interest rate.
If you pay off the balance on your repossessed car to get it back do you have to pay the balance owed with interest based on the original 5 yr loan?
Unless you get the lender to agree to an offer, you will pay the balance due for payoff(repo fees, late charges,ect. have likely devoured any reduction in interest you would have seen for early payoff)
If you pay off your credit card balance monthly will this help your credit and are you paying no interest?
Paying off you credit card balance helps you, yourself the most. but according the the fico score they like to see a small balance, for some reason its not good to pay off a card totaly, I have never understood this.
Can you pay off a car loan without paying interest-?
If the total interest expense is included in the loan balance, they you'can't pay off the car without paying interest.
Can you be charged 34.97 percent annual percentage rate?
Yes, if you agree to it. In order to be charged interest, you must be borrowing money, even on a credit card. If your credit card company is raising your interest rate to 34.97%, you are given the option to pay off your balance to avoid the interest rate. If you do not pay off the balance, you are, in essence, agreeing to pay the interest rate.
Can you pay off a loan ahead of time and save interest charges?
It depends on the type of loan. Most mortgage (home) loans are of a type where the interest you pay is on the "remaining balance". It stands to reason therefore that if you reduce the remaining balance the interest will be calculated on a smaller balance and therefore be a smaller amount.
Which would be better to do, pay of a closed credit card that is at a good rate or pay off the open credit card that has a much higher interest rate Both cards have a large balance.?
It is better to pay off the open card that has the higher interest rate.
If you pay off the balance on your repossessed car to get it back do you have to pay the balance owed with interest based on the original 5 yr loan?
Unless you get the lender to agree to an offer, you will pay the balance due for payoff(repo fees, late charges,ect. have likely devoured any reduction in interest you would have seen for early payoff)
If your balance on your car includes the interest for the remaining eight monthsleft on loan will you have to pay that amount if you are paying the car off eight months early?
Was there a special provision which stated all additional interest charges required to be paid when you bought the car? If not you don't pay the interest if you pay the loan off early.
If you pay off your credit card balance monthly will this help your credit and are you paying no interest?
Paying off you credit card balance helps you, yourself the most. but according the the fico score they like to see a small balance, for some reason its not good to pay off a card totaly, I have never understood this.
Which of these credit card features would be best for customers who want to pay off the balance on a high-interest credit card?
Low fees for balance transfers
How many months does it take to pay off a 35 dollar fee?
The answer obviously depends on how much you can pay off at a time and also on whether or not there is any interest charged on the remaining balance.
Can a credit card company charge you interest if you pay off the balance on your card?
Ask yourself 'what is interest?'. Find out your interest rate and times it by ZERO. How much money do you owe them now?
Can you still pay off the balance due on an expired car loan?
Anytime there is a balance due, you can pay off that balance.
Which one of these credit card features would be best for customers who want to pay off the balance on a high-interest credit card?
Low fees for balance transfers
