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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (69274)	9/2/2006 2:54:09 AM
From: benwood	Respond to of 110194

They mean, "make no payment," but pay a fee for that privilege to the tune of $10. I guess it's like lowering the minimum payment to $10 this month, regardless of my balance, with that $10 being entirely additional interest (technically). But you're right, my minimum payment would only be about $60 I think. Guess it's aimed at people already running $15k in the red, or more.

To: ild who wrote (69274)	9/2/2006 8:35:55 AM
From: Wyätt Gwyön	Respond to of 110194

what are the rules on credit card cos booking accrued interest? can they book all the interest just as it accrues? i am curious if the GAAP treatment of CC cos is different from that being used by the negam writers.