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What else can I help you with?
Can a person pay a dollar a month on a credit card?
I suppose you could pay just a $1 a month but if your balance is high enough that your payment is more than $1 you will be charged fees. Your payment is determined by the agreement you subjected yourself to when you accepted the card. If you pay only a $1 a month you will probably incur late fees.
What is the difference between the outstanding balance and the payoff amount on my account?
The outstanding balance is the amount you currently owe on your account, including any unpaid charges and fees. The payoff amount is the total amount needed to pay off your account in full, which may include additional fees or interest that have accrued since your last payment.
What are the principal fees associated with this loan?
The main fees for this loan include origination fees, interest charges, and possibly late payment fees.
How can I eliminate credit card processing fees?
You can eliminate credit card processing fees by negotiating with your payment processor for lower rates, using alternative payment methods, or passing the fees onto customers as a surcharge.
When you pay more than the minimum payment on a credit card how do you know it's going to the principal balance?
It is actually quite simple. Any amount that you pay that exceeds the finance charges and any fees included within that minimum payment goes toward the principal. In addition, 100% of the overpayment goes toward the principal balance. In other words, if you make just the minimum payment, a few bucks might go toward the principal balance. If you pay $20 above the minimum payment, all of that $20 plus a few bucks from the minimum payment go toward the principal balance. All of the overpayment goes toward principal. You can also look at the minimum payment calculation to determine how much of the minimum payment goes toward principal.
Do interest free credit cards exist?
Yes, some credit cards offer 0% introductory rates. These may be limited to balance transfers only. Some such cards have higher annual fees, late payment fees, and the regular interest rate may be higher.
Whats the difference between an orange account and a regular savings account?
An orange account earns high interest, there are no fees attached and you do not need a minimum balance in your account. Most regular savings accounts have a minimum balance and really low interest rates.
Is there a consumer law allowing you to refuse to pay late fees if you pay off the original principal in one lump-sum payment?
No, if the payment is late...it's late and you have to pay the late fee regardless of how you pay the balance or principal.
Is not an appropriate circumstance for using a convinence check?
A convenience check should not be used to pay off high-interest debt or as a regular method of borrowing money. It is intended for occasional, small purchases when you don't have access to your regular payment methods. Using convenience checks for large amounts or if you do not have a plan to repay the balance promptly can lead to costly fees and interest.
Can a person pay a dollar a month on a credit card?
I suppose you could pay just a $1 a month but if your balance is high enough that your payment is more than $1 you will be charged fees. Your payment is determined by the agreement you subjected yourself to when you accepted the card. If you pay only a $1 a month you will probably incur late fees.
Are late fees paid and then the regular charges?
When receiving payments, most lender agreements ("Terms and Conditions") specifically state that fees are the first to be paid from any payment unless there is a clause which allows the payer to dictates how the payment is to be applied to their account.Credit cards, personal loans and other unsecured installment loans always apply a payment to the fees first (for revolving credit, the late fee is always added to the computed minimum payment to be sure that the lender is appropriately compensated for risky actions made by the borrower).
What are the principal fees associated with this loan?
The main fees for this loan include origination fees, interest charges, and possibly late payment fees.
What is the difference between the outstanding balance and the payoff amount on my account?
The outstanding balance is the amount you currently owe on your account, including any unpaid charges and fees. The payoff amount is the total amount needed to pay off your account in full, which may include additional fees or interest that have accrued since your last payment.
How would fees receivable appear on the balance sheet?
Fees receivable would appear on the balance sheet as an asset.
Are fees earned showed on a balance sheet?
No Fees Earned is Income Statement item it dont show on Balance sheet
Do late fees be used for repossession of a vehicle?
can you repossess a car for non payment of late fees even though the initial payment has been made in Colorado
How can I eliminate credit card processing fees?
You can eliminate credit card processing fees by negotiating with your payment processor for lower rates, using alternative payment methods, or passing the fees onto customers as a surcharge.
