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Questions tagged [balance]

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0
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1answer
87 views

Paying off credit card from savings or keep and contine with current credit balance [duplicate]

I'm having two credit cards with only 10% of worth credit limit available (Nearly full). I can pay off both cards with my savings and my savings would be zero or nearly zero. I'm wondering whats the ...
3
votes
1answer
90 views

Interest-free loan: how is “utilisation” calculated re credit score?

I have, historically, always had an excellent credit score. I never spend beyond my means, and always pay off my credit card in full every month. I really only have the credit card in order to accrue ...
6
votes
5answers
359 views

Clear (agreed) overdraft or start emergency fund first?

From what I have read, the general consensus is that it is best to set up an emergency fund first and foremost before beginning the process of clearing debt, regardless of how illogical that approach ...
1
vote
1answer
809 views

Does paying off my credit balance before the due date for a lower utilization rate hurt my score?

Last month I opened a cash rewards credit card with Bank of America. I am worried about my credit score, as my first closing date was the end of September. I paid off the balance that I used a ...
3
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3answers
425 views

Saving vs. Living Life

Saving is good. Everyone knows this. However, it is important to not get so caught up in cash hoarding that you forget to live life. Our savings goal is $1m in revenue/interest bearing assets, ...
0
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3answers
174 views

How to use credit card with balance on it?

I have a credit card that currently has balance on it past grace period. I am working on paying it out, but I also need it to pay for online purchases, etc. I know that once you are past grace period,...
0
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3answers
137 views

How will having two active credit accounts with different balances affect my monthly credit scores?

I heard that with the new FICO model, they want you to spend ten percent or less of your credit limit to keep your scores from dropping. I recently applied for a second credit card, one with four ...
1
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0answers
69 views

Can I use my credit card a day before due date? [duplicate]

Payment due date of my credit card is on March 4th. And I already paid full amount of balance on Feb 26th. If I use my credit card today, which is March 3, should I pay another one by March 4? (Hi,...
-1
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1answer
4k views

What does the negative balance number mean?

My credit card has a negative number but my credit limit has not been exceeded. Do I owe that negative sum to the bank? I have only spent 26$ since I made my last payment to the card. Does this ...
5
votes
4answers
3k views

Should I pay credit card balance to ZERO, or just the balance due?

I have a credit card set to pay the balance due in full on the due date automatically, so I don't pay interest. By the time the due date hits, my actual balance is of course, almost double the ...
-4
votes
1answer
1k views

What can happen if I do not pay $735 for my negative balance to PayPal?

I have a negative balance of -$735 on my PayPal account. What can happen if I do not pay $735 for my negative balance to PayPal? Please suggest me that PayPal can take any legal action to me. I am ...
1
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2answers
3k views

Refund went through AFTER I received my current statement? [duplicate]

So I bought a blender from Wal-Mart for $100. I returned it a couple days later. My current credit card statement came in the mail and shows the $100 blender was bought. It does not show the refund. I ...
3
votes
3answers
363 views

3 loans under my name, 2 are fixed, one is a declining balance interest loan. Which to pay first?

I've searched for this answer for a while, but my loans are set up in a different way and I'd love some advice. (FYI I don't live in the USA) Loan 1: Personal loan. It was $200,000 with a 4.95% Fixed ...
0
votes
1answer
730 views

Do I have to make a minimum payment to my credit card even if the balance is $0 after redeeming rewards?

Let's say this month I spent $50 with the card. The statement comes at the end of the month with a $50 balance and a $30 minimum payment required. Let's say I redeem my rewards on the card, which ...
3
votes
2answers
3k views

How far can a credit card balance go into the negative?

Hypothetically, if kept overpaying a credit card such that the negative balance kept increasing to absurd amounts, what would happen? For example, say I have a credit card with a line of $500. ...
3
votes
2answers
3k views

Paying Credit Card statement amount in full on due date and using it in the same day

I have this question. I paid my Credit Card statement amount yesterday in full (which I always do), on due date. Its an online transfer. Immediately after an hour (before the transaction is even ...
1
vote
1answer
30k views

Negative current balance on a credit card [closed]

I have a negative amount shown on my credit card. Can anyone help me figure out what it is? Thanks.
-3
votes
1answer
70 views

What is the calculation of net asset value of my brokerage account

In my brokerage account, is my total account balance (cash + equities) the same as the net asset value of the account? Or is there a difference?
1
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1answer
1k views

What does “balance available” mean?

In an account of mine that I use to receive bills and make payment for some services, I wonder what "balance available" means? Why is it different from "balance due"? Balance Due: $0.00 ...
1
vote
1answer
422 views

Does your total credit limit or debt affect how much new credit you will receive?

Say a friend of mine owns 10 credit cards with a total credit limit of $100,000 with total CC debt of $10,000. Does the total credit limit affect how much new credit will be approved? Does CC debt ...
1
vote
2answers
753 views

Credit Cards drawn as Cash Advance to the max and moved abroad altogether [duplicate]

I came to know through one of my friends that one of his colleagues, who lived and worked in US for 6+ years completely relocated to his home country (and no plans to return) and settling there. He ...
2
votes
2answers
2k views

What is the effective interest rate on a credit card that offers 0% interest with a 4% balance transfer fee?

I'm about to do a balance transfer that has a fee of 4%. It gives me 0% interest for 14 months. Is it just a straight calculation of 4% for the year or is there another calculation that I need to ...
11
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6answers
155k views

If something is coming into my account will it be debit or credit in my account?

I have made a small balance sheet on google docs for my monthly expenses and income. If something comes into my account, would that be a credit or a debit in my account? If I got 500 from somewhere, ...
8
votes
3answers
27k views

Are there any consequences to having a negative balance on a credit card?

I have two credit cards, a VISA and a MasterCard. I primarily use my MasterCard and only use my VISA when MC isn't accepted. I went about 18 months without using my VISA (I didn't use it at all in ...
5
votes
1answer
4k views

Understanding summary of brokerage account value, cash balance, buying power?

I am totally new to stock and their trading. I have questions when I was trying to understand an account at a brokerage company: Account 12345678(Margin) Net Liq Value $23,416.36 Buying Power - ...
3
votes
1answer
5k views

Money owed to credit cards called “positive balances” or “negative balances”?

Q1) If my Visa credit card has a zero balance and then I charge something on the Visa, do I now have a "positive balance" or a "negative balance"? Q2) Same question for a utility account like a ...