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On March 5th a couple took out a 90 day loan for 450 at 9 interest On March 29th they made a partial payment of 150 After making the payment how much did they still owe?
Wiki User
∙ 15y ago
They owe $340.50.
Wiki User
∙ 15y ago
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Who is remitter?
the person making the payment
My name is on the Deed not on the mortgage How do I doc this on my taxes to receive partial credit on the mortgage interest if I assisted in making the mortgage payments?
You'll have to consult your tax advisor on this but typically from a lender point of view if you are not on the note than you don't have rights to an interest deduction come tax time. However, if you have an accountant who tells you different, than you'll have to produce cancelled checks or a statement of some kind to show your share of the mortgage payment being made directly to the lender. If it was paid payable to someone else than it is looked at as paying rent, which is this case would not get you a mortgage interest deduction.
What are some options for making a payment to the IRS?
Some options for making a payment to the IRS can be found on their website. One has the options of paying by debit or credit card, making an electronic funds transfer or by check or money order.
What is the definition of a 'payor'?
A payment is the transfer of wealth from one party (such as a person or company) to another. A payer is the party making a payment. The payee is the party receiving the payment.
When making a TT and L payment at the bank who should the check be made payable too?
To the bank
What are the interest rates for same-day payday loans?
Pay day loans have staggering interest rates that range from 200% to 900%+ interest. These types loans will only compound your problem at interest rates that high. Other options to these loans could possibly be as simple as contacting your current creditors and making arrangements for partial payment or to skip a payment. However, other options are available. Good luck!
What are the benefits of making your car payment a couple weeks early?
None
What is the difference between credit cards and charge cards?
Most people think credit card and charge card are the same thing. This is not entirely correct. The difference is that the charge card is a special kind of credit card that you have to pay the entire balance off each time you receive a bill. You cannot make a partial payment, and there is no interest involved. With a credit card, you can treat it like a loan to yourself. You can make a partial payment when the statement comes in, and then pay interest on the balance each month until it is paid in full. Some people just keep making partial payments and pay interest on credit cards for years and years.
What are the advantages of making a lump sum payment when buying a house?
There are many advantages to making a lump sum payment when buying a house. A couple of the advantages are it lowers the design and contract administration costs.
If the dealer accepts partial payment can they still repossess your car?
Yes. Once the lending agreement is in default the lender may take whatever action they choose in recovering the monies owed. It is a misconception that by making a partial or token payment the creditor will not be able to assert their legal rights. The lender can accept the payment, still repossess the vehicle or pursue litigation.
What is the advantage of an interest only loan?
The advantage is that the payment will be lower for a given piriod of time, however the payment will increase quite a bit after that time. you will be making payments of the interest and principal. make sure that you pay off the loan or at least that you can afford the payment after the pomotional period ends, usually 3 to 5 years.
Can you be evicted if you are late with the full amount of rent but r making payments?
Vague, confusing question. If the LL accepts a late partial payment, he can still sue the tenant for non payment. UNLESS he writes new contract stating he will not do so.
What is the difference between making a regular payment to a loan or applying a payment to only principal?
Generally, an unscheduled loan has interest compounded at the end of a time period (in most cases a month, sometimes a week.) When you make a loan payment, you are generally paying both accrued interest and principal debt. When you pay only to the principal, you are paying back the original amount without interest. This is done by people in order to reduce future interest payments.
What does -- the process of deferring interest as an asset rather than an expense -- mean in WikiAnswers' answer to Capitalization of Interest?
Interest charged is normally an expense - in that it is a deduction from an account. Deferring payment of the interest, means the money that would have been paid is still in the account - making it an asset.
If the landlords accepted half the rent owed can they then proceed to evict me?
Yes--unless you and the landlord made an agreement not to evict in writing, the landlord waives no right to evict you simply by accepting a partial rent payment. However, making even a partial payment shows good faith on your part. I suggest you work with the landlord prior to eviction--evictions are costly and complicated.
Why is making a minimum payment on a credit card bad?
If you mean making only the minimum payment required, it is bad because you are going to be paying a very high rate of interest on the remaining balance. If you pay the entire balance each month, you are spending your money on goods and services. If you leave a balance, you are spending a lot of your money on interest. That's good for the bank and bad for you.
What percentage of a mortgage payment is the principal?
Most mortgages are fully amortizing. Meaning the pay the principal down to 0 over the term. Many today have special payment schedules that allow lower payments originally, even less than the interest due so the principal even grows while your making payments.On just about any mortgage, the amount of the payment that is principal vs interest changes literally with every payment. You need to refer to an amortization schedule for your specific rate and terms.Standardly at first virtually the entire payment is interest. The last few years virtually the entire payment is principal.
