If creditors give you no credit for payments made during the billing period, this is called the:
A) APR method.
B) discount method.
C) previous balance method.
D) adjusted balance method.
E) average daily balance method.

Question

Quizplus · Accepted Answer

The previous balance method calculates interest based on the outstanding balance at the beginning of the billing period, without considering any payments made during that period.

If Creditors Give You No Credit for Payments Made During