0
Finance Charge
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What is the total dollar amount a person pays to use credit?
finance charge
Will you have to pay the full amount?
Creditors trying to get you to pay the full amount of a loan. That they paid pennies or a dollar for. What law can, I use to pay the amount. The debt collector paid to get the loan.
What is the difference between line of credit and revolving credit?
A line of credit is one type of revolving credit, which works similarly to a credit card. Both a line of credit and revolving credit have a set amount available to use, and when you pay down or pay off the amount, the credit is available for you to use again. A line of credit may use collateral to secure the loan, such as a business building, or it may be unsecured or without collateral, such as a credit card.
How do you get your credit good fast?
The only way to improve your credit score is to use credit and consistently pay the amount due. But this is not quick, it takes time.
What the diff between credit and debit card?
A credit card is money loaned to you (credit) by the issuing bank or company. You may use it to pay for purchases up to the amount of your credit line. A debit card is based on your account balance and not on any loaned amount. You may use it to pay for purchases not in excess of your account balance.
What is the total dollar amount a person pays to use credit?
finance charge
Will you have to pay the full amount?
Creditors trying to get you to pay the full amount of a loan. That they paid pennies or a dollar for. What law can, I use to pay the amount. The debt collector paid to get the loan.
What is the difference between line of credit and revolving credit?
A line of credit is one type of revolving credit, which works similarly to a credit card. Both a line of credit and revolving credit have a set amount available to use, and when you pay down or pay off the amount, the credit is available for you to use again. A line of credit may use collateral to secure the loan, such as a business building, or it may be unsecured or without collateral, such as a credit card.
How do you get your credit good fast?
The only way to improve your credit score is to use credit and consistently pay the amount due. But this is not quick, it takes time.
What the diff between credit and debit card?
A credit card is money loaned to you (credit) by the issuing bank or company. You may use it to pay for purchases up to the amount of your credit line. A debit card is based on your account balance and not on any loaned amount. You may use it to pay for purchases not in excess of your account balance.
If you take out a line of credit for emergencies but never use it how will this affect your credit rating?
Your credit score can be impacted by available credit. Available credit being the amount of debt you could owe, if used. To use the amount, occasionally, and pay the funds back immediately will help you build a repayment history.
What is the amount of interest you pay to use credit?
The rate and amount you pay depends on the terms of the credit you use. For instance, if you get a mortgage to buy a house, the interest rate might be 4% a year. For every $100 of the unpaid balance you pay the mortgage company $4. However, a credit card might have an interest rate of 21%. For every $100 that you owe to credit card company, you will pay $21- every year- plus the $100 that you owed.
What is the difference between credit and revolving credit?
credit is any money loaned to you including cards/installments/mortgages etc and revolving indicates a line of credit or credit card which has a limit available and you can use and pay and reuse where an installment has a specific amount and you pay it off and it closes
What amount in 2018 does a persons credit increase in cents for each added dollar of income based off earned income tax credit?
Credit doesn't come from earned tax credit, but how much you owe, the amount of debt in relation to what you earn, the use of credit, and hard inquiries into your credit. Points are assigned giving you a credit score.
Can i pay lowes credit card bills with paypal?
You can use PayPal to purchase online but not for credit card payments. You can't use "credit" to pay "credit".
If you pay one dollar a day can the credit card companies freeze your account?
They can, if you decided on your own to pay this way and didn't work it out with them. You are asking them to use their money to cover your debt, in exchange for an agreed-upon schedule of re-payment. If you change the amount you pay per month, you are out of compliance and they can take steps to correct the situation.
What is net flow in credit cards?
In credit card terminology, net flow is in reference to the outflow and inflow of the monies on the credit card. It basically is the amount of credit you use monthly and how much you pay off monthly.
