Common use of Compounding of Finance Charges and Unpaid Finance Charges Clause in Contracts

Compounding of Finance Charges and Unpaid Finance Charges. Finance Charges compound daily. We will consolidate unpaid Finance Charges and other unpaid charges into your Account balance daily. In this way, unpaid Finance Charges and other unpaid charges from the previous day will be subject to and included in the calculation of the new Finance Charge.

Appears in 16 contracts

Samples: Credit Card Cardholder Agreement, Credit Card Cardholder Agreement, Cardholder Agreement

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