Current Events > Ok can you help me CE? Say I owe $20 in CC debt...

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eye_gouger
04/15/22 6:49:05 PM
#1:


Let's say I owe this amount before April 21.

The minimum payment is $10.

If I paid off $10 only before the 21st, would I start to accrue interest on remaining $10 the 22nd?

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Naysaspace
04/15/22 6:50:30 PM
#2:


Read your contract

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Vegy
04/15/22 6:50:59 PM
#3:


Read da fine print

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eye_gouger
04/15/22 6:51:55 PM
#4:


Naysaspace posted...
Read your contract


What does yours say?

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sabin017
04/15/22 6:52:02 PM
#5:


I'd be interested if you became indebted so yes.

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Timmyjinkle
04/15/22 6:53:28 PM
#6:


For me, as long as I pay mine off within a month (of making the purchase, or acquiring that particular debt), there's no interest or charges at all. So, clearly it's all based on what your contract says.

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"Some things have to be believed to be seen." - Ralph Hodgson
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samurai bandit
04/15/22 6:54:08 PM
#7:


Most likely yes. You would pay interest on the remaining balance. It all depends on where you live and which CC you have.

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eye_gouger
04/15/22 6:55:24 PM
#8:


Timmyjinkle posted...
For me, as long as I pay mine off within a month, there's no interest or charges at all. So, clearly it's all based on what your contract says.

So if you paid $10 before April 21st and still owed $10. As long as you paid off the remaining $10 before May 21st you will not have interest? Is that correct?

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