Need Math Wiz

Discussion in 'Credit Talk' started by Mist, Jul 6, 2001.

  1. Mist

    Mist Well-Known Member

    I have a FUSA account and changed the due date to coincide more closely to my monthly pay period. This pushed it back by one week. I just received a statement with enormous interest. The statement lists the average daily balance used to compute was over than $3000.00 more than the highest balance during the period. I made 4 payments during the payment period totaling over $1100.00.

    I wrote FUSA via the e-mail contact on their site and seem to have received a form letter telling how they figure finance charges.

    Can anyone help me figure this out? I realized that adding 7 days to a pay period would change things but I didn't expect my interest to be so much or for my average daily balance to be so out of whack.

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