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Credit Card Double Cycle Billing

Credit Card Double Cycle Billing

Credit Card Double Cycle Billing A method used by creditors, usually credit card companies, to calculate the amount of interest charged for a given billing period. Double–cycle billing takes into account not only the average daily balance of the current billing...
What Is a Qualified Mortgage?

What Is a Qualified Mortgage?

What is a “qualified mortgage”? The Consumer Financial Protection Bureau has created a new classification of mortgage called the “qualified mortgage.”  The regulations will make sure that mortgage companies won’t give out mortgages to...
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