Just just How re payments are used and just how interest percentage is calculated

Just just How re payments are used and just how interest percentage is calculated

How can Wells Fargo use payments to my loan(s)?

Re re Payments are used into the after order:

  1. Accrued interest. Then to if your payment amount exceeds the accrued interest:
  2. Major stability. The amount that is remaining of re re payment more than accrued interest may be placed on the main on that loan.

For those who have multiple loan combined into an account that is single re payments is going to be put on all the loans as described above whether there was a split payment declaration for every loan or if numerous loans show up on one payment declaration. (more…)

Continue Reading
Close Menu