Sentences with phrase «charge interest on a daily basis»

Since credit cards typically charge interest on a daily basis, the sooner you get a payment to your creditors, the less interest you pay.

Not exact matches

If you have any remaining balance on the card after the grace period, the credit card company will charge you interest based on the average daily balance, and you forfeit your grace period.

If you have any remaining balance on the card after the grace period, the credit card company will charge you interest based on the average daily balance, and you forfeit your grace period.

The interest on the overnight balance is calculated daily and is charged on a monthly basis.

The daily periodic rate is the interest rate charged on a loan's balance on a daily basis.

Consider the following: If you owe money to the IRS: You will be charged very high interest that is compounded on a daily basis.

Instead, your payments are based on your average daily balance and the minimum payment may consist of mostly interest charges.

It's important to note, if you still owe the lender money after the sale of the car, you will continue to be charged interest that accrues on a daily basis.

That's because interest is calculated on a daily basis, not annually, and is charged only if you carry debt from month to month.

The majority of credit card companies use an average daily balance method to calculate interest charges, which means that your interest is compounded based on your daily balance.

When money is borrowed in a margin account, interest will be calculated on a daily basis and charged based on the total debit (borrowed) balance.

As you know now, most creditors assess interest or finance charges based on your average daily balance, and the interest is accrued daily, says credit expert Todd Ossenfort.

It would be this, plus interest - calculated on a daily basis (so will need to contact mortgage company), plus fees - e.g. Mortgage discharge fee and potentially ERC (early repayment charges).

The software calculates the interest charges on a daily basis and put in to account when your next pay check and or bills are due.

We add together the results of these daily calculations to get your total Interest Charge for the Billing Cycle, subject to a minimum Interest Charge of $ 1.00 for each Billing Cycle during which Interest Charges based on a periodic rate are imposed.

(a) charge the Customer interest on the overdue amount at the rate of 45 % per year above the base rate of HSBC Bank Plc from time to time (which interest will accrue daily and be compounded quarterly); or

The checking account is swept on a daily basis and applied to the HELOC's outstanding balance, reducing its average daily interest charges.