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Can interest be charged following a divorce in the UK if part of the settlement is still outstanding?
It depends if it involves a business, property. If it's just a straight divorce and settlement your lawyer should have made arrangements as to when you received the settlement. If there is a business or property involved this can get you involved with taxes as well. It's best you seek legal counsel if this is the case. If it's the usual divorce and only has a flat or house and the contents of either, then you can't charge interest on this. UK: The usual procedure is that an application is made for the division of joint marital assets (Ancillary Relief), this runs alongside the divorce proceedings and, usually, once everything has been ironed out then the Decree Absolute (Divorce) is granted. There should not, in theory (!!!), therefore be any outstanding matters
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What if the lender has charged more interest than loan allows what can you do?
Visit the lender and verify that this is actually happening. There is a difference between simple interest and compound interest based on the interest and the principle outstanding.
What are the three major instances in our personal lives you will be charged interest rate?
The three instances where a person will be charged an interest rate will be on a home loan or mortgage, an automobile loan, or an outstanding balance on credit card. Student or college loans are also an instance where a person may be charged interest.
How do you calculate interest after the promotional period ends?
To calculate interest after the promotional period ends, you typically use the regular interest rate on the remaining balance of the loan or credit card. This rate is applied to the outstanding balance to determine the amount of interest that will be charged.
Can a late fee be charged because another late fee was not paid?
Yes, a late fee can be charged on any outstanding debt. It doesn't matter where the debt came from, late fees and interest charges can continue to accumulate.
What does APR?
APR in banking terms means Annual Percentage Rate. It's the portion of the outstanding loan that is charged as interest each year until it's repaid.
Can interest be charged on child support interest?
No... this is illegal..(Federal).....no intrest can be charged on owed interest.
What does APR mean on a credit card?
APR stands for Annual Percentage Rate on a credit card. It is the interest rate charged on any outstanding balance on the card, expressed as a yearly percentage.
What is the true annual rate of interest charged?
The true annual rate of charged interest is called the annual percentage yield. It is the interest charged and compounded against.
What percentage of loan is charged as interest?
It varies ... loans for different items are charged at varied interest rates.
Can interest be charged on interest on income tax?
Sure.
What are the best and worst uses for owning and using credit cards?
Plus - you don't need to save for those 'essential' things you want. Minus - you're charged interest on any outstanding balance each month.
What are two things you look for when choosing a credit card?
The APR and the cost of penalties. The APR tells you how much interest will be charged on the outstanding balance. The cost of penalties tells you what happens (and how much it will cost) if you default on repayments.
