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That is the smallest possible periodic payment to a creditor that is necessary to keep the credit account in good standing.
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∙ 9y ago
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What does Minimum payment in your credit card bills mean What happens if pay less than the Minimum payment?
It's called minimum payment for a reason.. and that reason is that you don't have to pay you're full balance.. but you have to pay the minimum payment. NOTHING LESS
Why is your minimum payment equal to the total balance due?
Because you owe them one minimum payment at the time of the invoice.
What does 30 days nett monthly mean?
It's a payment term meaning: payment due 30 days from the end of the month in which the invoice is raised. It's a payment term meaning: payment due 30 days from the end of the month in which the invoice is raised.
If you get 1500 how much the payment will be?
It all depends on the rate from the company, and the required minimum payment. This site should help you: http://www.bankrate.com/calculators/managing-debt/minimum-payment-calculator.aspx
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.
What does Minimum payment in your credit card bills mean What happens if pay less than the Minimum payment?
It's called minimum payment for a reason.. and that reason is that you don't have to pay you're full balance.. but you have to pay the minimum payment. NOTHING LESS
What does payment term immediate mean?
what is immediate mean
The term correct when applied to Certifying Official duties mean that?
the payment is not a duplicate of a previous payment
What does minimum mean in term?
the word minimum means the biggest tooter/farter in the world
What is the meaning of lol in payment term?
Lol mean laugh out loud that it mean
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.
If your credit card balance is 1150 and the minimum monthly payment is 3 percent what is the minimum amount you must pay?
$1150.00 X 3% = $34.50 minimum payment or $1150.00 X .03 = $34.50 minimum payment
What does the payment term Net 30 mean?
net 30 MF
What does 31 days nett payment mean?
It's a payment term meaning: payment due 30 days from the end of the month in which the invoice is raised.
Why is your minimum payment equal to the total balance due?
Because you owe them one minimum payment at the time of the invoice.
What does the term proper mean when applied to certifying official?
the funds are appropriated for payment
What does payment term CF 30 days mean?
Credit For 30 days
