HamsiBrain
Mar 30th, 2012, 09:53 PM
Has banks changed "high to low" method of payment allocation?
I am not sure this the right forum but apparently some CC companies do not follow "high to low" method of payment allocation. This is not fair and am not sure whether they are allowed to do that. If you have both low and high interest rates on your outstanding CC balance, you may need to check your CC company announcements.
Please share your thoughts and experiences.
I am not sure this the right forum but apparently some CC companies do not follow "high to low" method of payment allocation. This is not fair and am not sure whether they are allowed to do that. If you have both low and high interest rates on your outstanding CC balance, you may need to check your CC company announcements.
Please share your thoughts and experiences.