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Post by lulubean on Jun 2, 2011 14:26:29 GMT -5
This month NO INTEREST UNTIL 09/01/11 08/06/10 09/01/11* $13.43 $134.87 $743.22* NO INTEREST UNTIL 01/01/12 12/31/10 01/01/12* $16.28 $93.82 $ 762.34* Prior month NO INTEREST UNTIL 09/01/11 08/06/10 09/01/11* $13.87 $121.44 $743.22* NO INTEREST UNTIL 01/01/12 12/31/10 01/01/12* $17.93 $77.54 $ 812.34* It's not that bad because of the laws but I still think they do what they do well. Payment must be applied to highest rate first. If you use a store credit card for deferred interest payment plans and other purchases, retailers must apply your payments in a certain order. Any payment you make on a card with different types of balances will first go to meet required minimum payments. Then, any excess after the minimum payment is satisfied has to go to the highest interest payment, except "during the last two months of a deferred interest payment plan, they must allocate the payment in excess of the minimum to that deferred interest rate balance, even if it isn't the highest interest rate," Bowne adds. "Also, at any time, you can call the card issuer and request that your payment in excess of the minimum payment be allocated to the deferred interest balance, even if it isn't the highest interest balance." Read more: www.creditcards.com/credit-card-n....#ixzz1O9Izi Gzd Compare credit cards here - CreditCards.com The min payment is going to the higher interest deferred balance. However the good thing is that two months prior to the deferred interest payment any payment above the min payment must go to the deferred interest payment plan due to expire. My point being that if a person thought (or didn't check interest rates) that a min payment would go to the deferred interest plan nearest to expire it wouldn't therefore a person might be expecting a different figure to pay off. |
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Deleted
Joined: Jul 6, 2024 17:21:54 GMT -5
Posts: 0
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Post by Deleted on Jun 2, 2011 14:27:24 GMT -5
I see words and numbers. Now don't whiz on me.
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Post by lulubean on Jun 2, 2011 14:28:00 GMT -5
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Post by Savoir Faire-Demogague in NJ on Jun 2, 2011 14:32:12 GMT -5
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Post by lulubean on Jun 2, 2011 14:34:14 GMT -5
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Post by lulubean on Jun 2, 2011 14:47:04 GMT -5
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Frugal Nurse
Familiar Member
Joined: Jan 3, 2011 18:19:55 GMT -5
Posts: 988
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Post by Frugal Nurse on Jun 2, 2011 14:48:35 GMT -5
My brain hurts from trying to figure this thread out. Please post a complete thought instead of bits and pieces.
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