COMPOUND INTEREST
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
Interest allowed upon interest; for example, when a sum of money due for interest, is added to the principal, and then bears interest. This is not, in general, allowed. See Interest for money.
Law Dictionary –...
What they are doing is compounding the interest and this is not in my card holders agreement.
10/26/15 10/26/15
INTEREST CHARGE ON BALANCE TRANSFERS
$2.60
10/26/15 10/26/15
INTEREST CHARGE ON PURCHASES
$107.44
This interest on Octobers Bab\lance was debited back to my Credit card/Elan. SO the...
I have a Elan credit card and have a question on how they are doing my interest.
They are taking the interest on my balance owed for this month, debiting my credit card the amount I would owe on the balance for this month, back to the credit card, which is than included in the amount I would owe...