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What is the total amount of monthly credit card payments?
The total amount of monthly credit card payments is the sum of all the payments made towards credit card bills in a month.
Can you make principal payments on credit cards?
No, you cannot make principal payments on credit cards. Credit card payments are typically applied towards the total balance owed, including interest and fees, rather than specifically towards the principal amount.
How can I make payments that are principal-only on my credit card?
To make principal-only payments on your credit card, you can contact your credit card company and specify that you want the extra payment to go towards the principal balance. This can help you pay off your debt faster and reduce the amount of interest you owe.
How can I make payments towards the principal on my credit cards?
To make payments towards the principal on your credit cards, you can pay more than the minimum amount due each month. Specify that the extra amount should go towards the principal balance, not just the interest. This will help reduce the overall amount you owe and pay off the debt faster.
As a cosigner can you sue the signer for the amount you had to pay off to the credit company if he made no effort to make payments towards the car for the last 4 months until it was repossessed?
That would be something you would have to settle in a small claims court.
How do payments work on a Home Equity Line of Credit (HELOC)?
Payments on a Home Equity Line of Credit (HELOC) typically involve making monthly payments based on the amount borrowed and the interest rate. The borrower can choose to pay only the interest or make payments towards both the interest and the principal. The payment amount may vary depending on the outstanding balance and the terms of the HELOC agreement.
Is it legal for a credit card company to double the amount borrowed if you fall back on payments?
Credit card companies can charge what they like in fees. It's up to the user to make sure they use the card responsibly - and not default n payments. However - doubling the amount owed on the card is rare !
What can you do about a mortgage company that does not report your on-time payments?
Call the mortgage company and ask why the payments are not being reported (its illegal to NOT report payments) Further, you can call the credit bureaus, and they will request the information from the mortgage company. Realize, that in some instances credit reporting can be suspended.
What is triggered when it is noticed that an unusual amount of money is being spent on your credit card?
The bank or credit card company may stop further payments and ask whether you are spending the money or a criminal?
Can you close your credit card account and continue to make payments?
No, what usaully takes place is that the credit card company freeze your credit card account and you continue to make payments
How can you be in credit on a credit card?
You can be in credit on a credit card by making payments that exceed the amount you have spent, resulting in a positive balance on your card.
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.
