Finance charges apply only to balances that were not paid in full before their due date in the current billing period.

Name: Finance charges apply only to balances that were not paid in full before their due date in the current billing period.
Brand: Quizplus
Rating: 4.7 (37 reviews)

Question

Quizplus · Accepted Answer

Finance charges typically apply to any remaining balance that was not paid off by the due date, as a way to compensate the lender for the use of their money.

Finance Charges Apply Only to Balances That Were Not Paid