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What is the highest interest rate allowed by law for an unpaid credit card?
Wiki User
∙ 13y ago
There are state usury maximums. If the credit card is issued by a "national" or federal bank there is basically no ceiling, thanks to a combination of a 1978 supreme court ruling and other laws passed in the late eighties.(wow, not Clinton's fault). Search the web for usury (most people misspell it "usery") for a pleothora of info.
I think it depends which bank's card you are using and how you are bargain with them. http://bit.ly/8KA8Dh
Wiki User
∙ 13y ago
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What happens to unpaid expired credit card?
Only the card expires, not the line of credit it is attached to. So interest will still accrue on the unpaid debt.
What is the maximum allowable interest rate for a personal note in Illinois?
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Will credit card debt go away after 7 years if unpaid?
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Your unpaid medical bills will not be reported to credit bureaus until sent to a collection agency. As long as they remain with the provider, the unpaid balance is just that, an unpaid balance. However, some interest rates may apply, depending on the state that you are in, so that balance could change.
Report an unpaid bill to credit bureau?
How do I report an unpaid bill to a credit bureau?
Is it dumb to pay high interest rates?
The interest rate you will pay will be a function of the following:The type of debt (mortgage, credit card)Your credit ratingThe term of the debtIn this regard, credit card interest is usually one of the worst. If you are going to have an unpaid balamnce, you are probably better off with a personal loan.
Aaron had an unpaid balance of 1177.79 on his credit card statement at the beginning of April He made a payment of 430.00 during the month and made purchases of 366.02 If the interest rate on A?
aaron had an unpaid balance of 1177.79 on his credit card statement at the befinning of April he made a payment of 430 during the month and made purcahses of 36.02 if the interest rate on arron credit card was 4.5% per monthon the unpaid balance find his finance charge and the new balance on may 1
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Unpaid traffic tickets are not reported to the credit bureaus.
Is it legal for banks to charge interest on unpaid interest that is in dispute even if the principle is completely paid off?
Yes. If you owe the unpaid interest, it is money that you owe the bank even if it is in dispute. If you did not owe the unpaid interest, then the interest the bank charged was not owed. So, it depends on who wins the argument.
Can unpaid tuition hurt your credit?
no
Is a Credit balance in vendor subsidiary account is an unpaid balance?
Is a credit balance in a vendor subsidiary account an unpaid balance owed?
Match each of the credit card terms with its definition?
Annual percentage rate: The amount of interest paid on unpaid balances;Grace period: Number of days to run a balance before fees or interest are charged;Secured card: A credit card with money in a savings account to act as collateral;Credit report: A listing of a person's financial information and history.
