0
The term interest credit refers to percentage of the credit that will be added as interest by the bank that issued a credit card. In this case, when the customer exceeds the allowed money limit, the bank will start taking interest on the exceeded credit.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
What is the average interest rate on a short term loan with great credit?
The average interest rate on a short term loan is 4.5% if you have great credit. You may need to shop around to find this, but you'll be able to.
What is the best interest rate you can get on fixed rate mortgage?
fixed rate mortgages vary, it depends on your credit history and your credit score. if you have bankruptcy or foreclosures or repossessions on your credit report you will be charge a higher interest rate, it also depends on the term of your loan,
What is the interest rate on loan?
Interest rates are based solely on the severity of your credit. Good credit = low interest rate. Bad credit = higher interest rate.
What is non installment credit?
Noninstallment credit is credit that is paid all at once, in a single payment. It is usually very short-term, and it doesn't usually make the borrower pay an interest rate.
What is the interest rate for Wachovia Bank?
Wachovia interest rates to consumers (or businesses) depend on what credit product one is seeking (e.g., are you looking for a personal loan or a mortgage), the term for which the credit is to be oustanding (e.g., one year or thirty years), your credit history, your credit score (i.e., the higher the score, the better the interest rate that you may qualify for) and various other criteria.
What is the average interest rate on a short term loan with great credit?
The average interest rate on a short term loan is 4.5% if you have great credit. You may need to shop around to find this, but you'll be able to.
What does the term variable interest entity refer to?
The term variable interest entity refers to when an investor obtains less than a majority owned interest. A variable interest entity is subject to consolidation if certain conditions exist.
Which description defines the term APR?
it is the yearly rate of interest that you pay for credit card use.
What is a term that refer to the fee a lender charges the borrower for lending money?
The fee is known as charging interest.
What is the best interest rate you can get on fixed rate mortgage?
fixed rate mortgages vary, it depends on your credit history and your credit score. if you have bankruptcy or foreclosures or repossessions on your credit report you will be charge a higher interest rate, it also depends on the term of your loan,
Is it dumb to pay high interest rates?
The interest rate you will pay will be a function of the following:The type of debt (mortgage, credit card)Your credit ratingThe term of the debtIn this regard, credit card interest is usually one of the worst. If you are going to have an unpaid balamnce, you are probably better off with a personal loan.
What is usery laws?
Laws governing the writing of bad checks. usury has to do with interest rates, used to refer to excessively high interest rates. uttering is a term that some states use to refer to bad check statutes.
What is the interest rate on loan?
Interest rates are based solely on the severity of your credit. Good credit = low interest rate. Bad credit = higher interest rate.
What is non installment credit?
Noninstallment credit is credit that is paid all at once, in a single payment. It is usually very short-term, and it doesn't usually make the borrower pay an interest rate.
What is the interest rate for Wachovia Bank?
Wachovia interest rates to consumers (or businesses) depend on what credit product one is seeking (e.g., are you looking for a personal loan or a mortgage), the term for which the credit is to be oustanding (e.g., one year or thirty years), your credit history, your credit score (i.e., the higher the score, the better the interest rate that you may qualify for) and various other criteria.
What is the term used to describe the dollar amount of a periodic interest changed by financial institutions on credit accounts?
periodic rate
What is an advantage of having an interest rate credit card?
The advantages of having a credit card with an interest rate is it helps build one's credit faster. The higher the interest rate of the credit card, the higher the credit score.
