What is minimun monthly Finacial Charge? Alot Companies have 1$ or .50$ as the charge.. is that just a extra charge they give every month to make money? Thanks AC
RE: What is minimun monthley F The minimum finance charge is the loweset amount of money a company will charge you for carrying a balance. Most companies minimum is $.50. Here is an example: You charge $100.00, make a payment for $80.00 and are now revolving a balance. The amount of finance charges that accrue on the $20.00 carried is $.20. The company will charge you an additional $.30 to make a minimum finance charge of $.50 Azrael C wrote: ------------------------------- What is minimun monthly Finacial Charge? Alot Companies have 1$ or .50$ as the charge.. is that just a extra charge they give every month to make money? Thanks AC