0
Why do home equity line of credit payments change from month to month?
Wiki User
∙ 16y ago
It is all good news. The interest portion of the payments are based on the number of days of the month as well as the principal remaining on the loan. Also, part of your payment reduces the amount of your loan (principal) that you are paying on.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
What are the benefits of fixed rate home equity loans?
The benefits to having fixed rate home equity loans is that your loan payments are predictable and won't vary month to month. In addition, there are no fees to switch to a fixed rate loan.
Do you have to pay an amazon account every month?
If you have an Amazon store card or credit card, you have to make payments every month.
Can making car payments in the grace period every month hurt your credit?
No, it won't hurt your credit. In fact it will improve your score.
Credit card balance method that subtracts payments and credits in this month from balance at end of last month is?
Adjusted Balance Method
Can a credit card company change your due date and actually make TWO payments due in ONE month-due the first of the month and then later?
due date depends on the cycle date and the number of days each month, as long as you pay within the billing cycle the credit card company will not let you pay twice within a month but will bill you earlier next month.
If you fail to pay credit card payments on time how long will the missed payments be reported on your credit report?
Seven years. However, they will have less effect as time goes by. For example, late payments over a year old do not harm your credit as much as late payments from last month. Late payments over 2 years old are generally ignored.
If a car is repossessed and you agree to make some kind of payments ever month will they still list it on your credit as a repo?
Yes but it will also list that you are making payments!
Does car loan affect your credit score?
Yes, for better or worse, depending on your payments. If you pay on time you're set and you will see an increase month to month. If you fall back on payments, so shall your score
If you can't make credit cards payments do the late charges keep accumulating at the end of every month?
yes
How often does your credit score rise if you have been making on time credit card payments for a period of one year?
== == Each month that you make an on-time payment your credit score increases.
How do loans and debt consolidation affect credit score?
If you pay your bills on time and in full each month it will help your credit score rise. If you are late on payments and have outstanding payments then your credit score will become lower. Your credit score is an important thing to help you obtain loans such as car loans or a mortgage.
Name the first bill you pay each month?
house rent mortgage utilities car payments credit card
