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Is it better to have a charge off on 2 credit cards that can be paid off in 12 months or to have a clean payment history for 15 months and a balance?
Charge offs will stay on your credit report as negatives for seven years. It's always better to have a clean payment history.
I just paid off if full five collection accounts and it feels great and now I am establishing new credit. Now I NEVER have to worry about the phone calls or the bills in the mail again. I believe we are responsible for paying our debts and what goes around comes around. As soon as I started paying the debts money started flowing in and the more I paid the more money I made. Good luck.
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Brigette had a previous balance on her credit card of 1234.89 She was assessed a 1.4 percent finance charge She made a 59 payment 15 days later Again she was assessed a 1.4 percent finance charge W?
1209.87
How do you figure finance charge for a loan?
* Interest (Finance Charge) is charged on every loans and credit card accounts that are not paid in full by the payment due date The Finance Charge formula is:Average Daily Balance x Annual Percentage Rate (APR) x Number of Days in Billing Cycle ÷ 365 * To determine your Average Daily Balance:
How do credit card balance transfer fees work?
Balance transfer fee guidelines have changed beginning in 2007 and into 2008. Most creditors still have either a 3 or 4% balance transfer fee with a minimum of $5. However, there is no longer a maximum charge on balance transfer among most credit card issuers. This means that a balance transfer on a $10,000 offer could cost you $300 or more as a balance transfer fee. Furthermore, this balance transfer fee is often added into the next month's payment. This could cause this payment to be $300 higher than what you were expecting, which could make it hard to make the required minimum payment. Of course, if you miss that minimum payment, expect to see your interest rates skyrocket!
What interest rate does Discovercard charge?
Interest rates for Discover Card varies depending on multiple factors. These factors include credit score and payment history.
When a finance charge is calculated on the average daily balance when should consumers pay the bill to keep finance charges at a minimum?
Paying the bill as early in the payment period as possible will make the average daily balance lower and therefore minimize the finance charges.
Can the dentist charge me if they don't receive full payment from insurance?
Generally yes, they can ask for the balance.
What happens to car payment made after charge off?
They are applied to the charged off balance and reduce the amount of the debt. eithan and James was ere
If paid medical accounts are listed as charge offs can they be removed or at least not shown as charged off?
Sorry, No. Payment in full of any type of account will not change the payment history.
How do you get exempt from payment for a Criminal history record?
The small administrative charge for obtaining a criminal history record is usually very minor - in my experience - about the cost of a pack of cigarettes.
Can a bank do a repossession and charge off on your car and also demand payment of balance after selling the repossessed car?
YES, its an accounting thing. READ your contract.
What is a charge on property?
payment
Brigette had a previous balance on her credit card of 1234.89 She was assessed a 1.4 percent finance charge She made a 59 payment 15 days later Again she was assessed a 1.4 percent finance charge W?
1209.87
How do you figure finance charge for a loan?
* Interest (Finance Charge) is charged on every loans and credit card accounts that are not paid in full by the payment due date The Finance Charge formula is:Average Daily Balance x Annual Percentage Rate (APR) x Number of Days in Billing Cycle ÷ 365 * To determine your Average Daily Balance:
What is the homonym to rush at something or somebody or to ask as payment?
The homonym for "rush at something or somebody" is "charge", while the homonym for "ask as payment" is "demand".
What is a revolving account?
{| |- | A revolving account is an account that requires a minimum payment each month in addition to a service charge. When the balance decreases, the service charge/interest also declines. To learn more about credit terms you can visit bills.com |}
How do credit card balance transfer fees work?
Balance transfer fee guidelines have changed beginning in 2007 and into 2008. Most creditors still have either a 3 or 4% balance transfer fee with a minimum of $5. However, there is no longer a maximum charge on balance transfer among most credit card issuers. This means that a balance transfer on a $10,000 offer could cost you $300 or more as a balance transfer fee. Furthermore, this balance transfer fee is often added into the next month's payment. This could cause this payment to be $300 higher than what you were expecting, which could make it hard to make the required minimum payment. Of course, if you miss that minimum payment, expect to see your interest rates skyrocket!
Calculate the average daily balance and finance charge?
Calculate the average balance and finance charge
