Payment Allocation for Transactions that are offered at "zero interest until ........"
jpage7242
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Posted on
Jan-19-2021
02:32 PM
Can anybody advise me how my payments are allocated towards open transactions that have been offered special interest for a certain timeframe?
For example: Say I have 20 transactions that qualify for this offer, but some aren't due until June 2021 and others until December 2022. Are my payments alloted to the oldest transaction first until paid in full, or are they split up evenly across the board for all open transactions?
Please advise if possible.
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