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What do you do if your credit card company had no interest or payments for one year then after the year was up chargd you with 1100.00 dollars of accumulated finance charges?
Wiki User
∙ 15y ago
Pay the fees, get a different credit card, and this time read the fine print in the contract. Reading your contract is very importent. i would read my contract before I pay the fees, sometimes people find themselves paying for things they did not have to because they think it's just easier to pay the bill. Ask them about the charges. I would have to say if they are charging you, you may have made a breech of contract. a late payment or not making a minimum payment. If you know why you are being charged then you won't make the same mastake twice.
Wiki User
∙ 15y ago
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What does accumulated earnings mean?
The definition of accumulated earnings is the sum of the profits of a company after dividend payments since the inception of the company. Accumulated earnings are also called earned surplus, retained earnings, or retained capital.
Preferred stock and bonds are similar because?
Preferred stocks and bonds are similar because they both receive regular payments from the company. With preferred stocks, one will receive regular dividend payments from the company. For bonds, one will receive interest payments on the debt that is owed by the company.
Where can one find a credit card that charges no interest?
Depending on the country that one resides in it would be difficult to find a no interest credit card. The company Virgin provides no interest credit cards.
How does Visa card company make money?
It charges banks to issue its cards, and charges merchants to accept the cards By charging high interest rate and fee to it's users
Do credit card charges increase if you make a few late payments?
Depends on the credit card company. If you are constantly late with your payments you have to pay the late fee and some companies may charge you a higher rate.
What does accumulated earnings mean?
The definition of accumulated earnings is the sum of the profits of a company after dividend payments since the inception of the company. Accumulated earnings are also called earned surplus, retained earnings, or retained capital.
Is it legal for a company to charge interest on top of interest charges?
If the amount due has lapsed to the next month without any payments being made, the CC company will add additional "penalties" that may appear as added interest, but in reality the fines are added to the principal amount owed.
What company has the lowest interest credit cards?
Interest fees vary depending on the credit card company. Most companies apply interest based on your credit score and credit history. To obtain a lower interest rate, increase your monthly payments or make payments more frequently. The more payments you make the lower your interest will be.
When a company charges over the legal interest rate is called?
Usury.
Can a company that is not a finance company charge interest and finance charges to someone it has lent money?
Yes.
What practices by a credit card company results in lower interest charges to the cardholder?
The card company allows a grace period before interest is accrued.
Lowering A Credit Card Payment?
Lowering credit card payments can help save money every month. This can be an important step in controlling expenses for a household. One of the first steps in lowering credit card payments is to call the issuing credit card company and ask for the interest rates to be lowered. Lower interest rates can mean lower monthly payments on accumulated credit card debt. Many times credit card companies will lower interest rates after a number of payments have been made on time to reward long term customers. Once rates have been lowered it is important to not continue to accumulate new debt.
Preferred stock and bonds are similar because?
Preferred stocks and bonds are similar because they both receive regular payments from the company. With preferred stocks, one will receive regular dividend payments from the company. For bonds, one will receive interest payments on the debt that is owed by the company.
How long after a missed car payment does the finance company repossess the vehicle?
The question is, "Why would you worry about a missed payment when you have interest in the vehicle?" The money that you used as your down payment and any payments you have made total your interest in the vehicle. Why are people running from the repo man when in fact you can place the finance company on notice that, if your interest is repossessed, you will file criminal charges in federal court against the finance company and get triple what the car is worth. I guarantee you they won't take it. You can also put a mechanics lien on the vehicle to protect your interest in it.
Indianapolis Water Company Check your bill on line?
I would like to see a statement of payments for the last couple of months. And the charges.
Where can one find a credit card that charges no interest?
Depending on the country that one resides in it would be difficult to find a no interest credit card. The company Virgin provides no interest credit cards.
What is times burden covered ratio?
The times interest earned ratio is a financial metric that indicates a company's ability to meet its interest obligations with its operating income. It is calculated by dividing earnings before interest and taxes (EBIT) by interest expense. A higher ratio indicates a company is better able to cover its interest payments.
