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What are the minimum payments on a credit card?
Depends on how much you owe. The more you owe, the more the minimum payment.
Why is it unwise to pay minimum payments on your credit card?
It is unwise to pay minimum payments due on credit cards because the payment will cover only a small portion of the principal amount and more on interest and financial charges.
Why not make minimum payments on credit cards?
You pay longer & more interest overall.
What happens if you only pay partial payments on your credit card payments?
You MUST make the minimum payments or the company will come after you. If you just make the minimum payments you will eventually clear the debt but the rate of interest on credit cards is very high. If you are having trouble financially the first thing to do is to stop using a credit card (cut it up) then if you can not afford the minimum payments go and seek help from a third party (in the UK a free advice centre) - they will help you with your debt problems and will be able to get the interest on your card debt stopped - (you will still have to make small payments to pay off the debt but if you meet these the debt will no longer grow). Also some debts are more 'important' than others - your taxes, mortgage, rent etc. A credit card is an unsecured debt and you will not be sent to prison for it or thrown out of your home. Get Help!!
What are the requirements for a high yield saving account?
The requirements on a high yield savings account vary depending on the bank that you choose. Some have minimum deposits, others have a minimum average balance. One should always check with the bank they are interested in and competitors before opening an account.
What are the minimum payments on a credit card?
Depends on how much you owe. The more you owe, the more the minimum payment.
What are the Importance of minimum operating cash balance?
Minimum Operating Cash Balance is a very important entity for any bank or financial institution. It refers to the minimum cash reserves the bank would need to maintain to meet its day to day cash requirements. This includes, operating costs, meeting cash for withdrawals, cash for cheque payments etc. As you may know, banks lend money (Our deposits) to earn (and pay us interest) but if they lend off all the deposits, they would not have funds to meet depositors withdrawal requests. Hence minimum cash balance needs to be maintained.
How do you get into credit card debt?
By using them & only making the minimum payments.
What is the meaning of variable annuities?
A Variable Annuity is an insurance contract in which at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio.
What is the minimum subscription of a public joint stock company?
the smallest number of shares or securities that may be applied for in a new issue is known as minimum subscription.
Why is it unwise to pay minimum payments on your credit card?
It is unwise to pay minimum payments due on credit cards because the payment will cover only a small portion of the principal amount and more on interest and financial charges.
How does amex calculate your minimum payment?
Minimum payments are a percentage of your current balance. As your balance lowers, so does your minimum payment amount. For a specific equation on how the minimum payment is calculated, contact Amex directly.
What general criteria does an organized exchange examine to determine whether a firm's securities can listed on exchange?
The general criteria for a firm's securities can be listed on the exchange are having a minimum stockholder's equity, a minimum share price and a minimum number of shareholders
Why not make minimum payments on credit cards?
You pay longer & more interest overall.
What is the Minimum age to obtain series 6 securities license?
most security licenses require that you are at least 18 years of age
Where can I learn more about stock broker training and education opportunities?
You can learn about it here http://www.ehow.com/about_4623769_stockbroker-education.html. In general, stockbroker education varies quiet widely, though most commonly stockbrokers have at least a 4-year degree. There is no minimum education requirement to qualify for a stockbroker's license. The only requirements are to pass the series 7 and series 63 exams.
What is the Features of saving account?
Some features of a savings account include, the ability to draw interest, overdraft protection and the requirement for minimum deposits. Most banks offer savings deposits for their customers.
