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Which of these is not a way in which credit card companies assess finance charges?
Wiki User
∙ 11y ago
some place a fee on the average yearly balance . ( A+ )
Wiki User
∙ 11y ago
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Monique's previous credit card balance is 199.26 and she has a monthly finance charge of 1.5 How much will the credit card company assess in finance charges on this balance?
$2.99
Which of these is not a way in which credit card companies asses finance charges?
some place a fee on the average yearly balance
How is finance charge calculated?
Finance charges are applied to credit card balances that aren't paid before the grace period. Different credit cards calculate finance charges in different ways.
What was the historical difference between consumer finance companies and sales finance companies?
The consumer finance companies has been servicing credit since 1916. The sales finance companies has been in since 1940.
Where might one find a zero finance credit card?
Many credit card companies offer a 0% finance credit card. Discover, Citi, Iberiabank and Barclaycard are just a few that offer 0%. Before making a commitment read the fine print to make sure there will not be hidden charges.
Monique's previous credit card balance is 199.26 and she has a monthly finance charge of 1.5 How much will the credit card company assess in finance charges on this balance?
$2.99
Which of these is not a way in which credit card companies asses finance charges?
some place a fee on the average yearly balance
How is finance charge calculated?
Finance charges are applied to credit card balances that aren't paid before the grace period. Different credit cards calculate finance charges in different ways.
What was the historical difference between consumer finance companies and sales finance companies?
The consumer finance companies has been servicing credit since 1916. The sales finance companies has been in since 1940.
Where might one find a zero finance credit card?
Many credit card companies offer a 0% finance credit card. Discover, Citi, Iberiabank and Barclaycard are just a few that offer 0%. Before making a commitment read the fine print to make sure there will not be hidden charges.
What finance companies have gone bankrupt due to the credit crunch?
For a list of bankrupt companies try www.BusinessBankruptcyLists.com. They should have a list of bankrupt finance companies.
What is a Hardship agreement credit card companies?
A Hardship Agreement, is when you as the consumer agrees to pay the minimum payment with no APR, or finance charges for a number of months. This is the last option you have to pay your debt.
Does your credit have to be good to be financed for a car?
No, you do not have to have good credit to finance a car. There are many companies out there for those with bad credit.
Can a interest be charged on a late fee?
No. But what will be charged on a late fee, will be reflected on something known as your your finance charges. Finance charges will go up if you are late making a payment on your credit card.
Which companies deal with cash loans for individuals with bad credit?
The following companies deal with cash loans for individuals with bad credit: SF Gate, Blemain Finance, Spring Finance, Car Finance, First European Security, Midland Credit, Equifiance, ACF, Amigo Loans, to name a few.
What are the six types of lending institutions?
Commercial banks, savings and loan associations, savings banks, credit unions, finance companies, and consumer finance companies.
If you close a credit card containing a balance in an attempt to pay it off faster how does this affect your finance charges?
It won't. The finance/interest charges will still be applied to the balance in accordance with the original lending agreement.
