Tag: Monthly

  • If You Miss A Monthly Credit Card Payment, Here’s What Happens

    The first thing customers will face when missing a credit card payment is a late fee. These fees can vary depending on your cardholder agreement, and the credit card issuer’s policies. Legally, credit card companies can only┬ácharge certain amounts for late fees. For instance, a first-time late payment can only be charged a fee of…

  • What Should Your Mortgage Be Based On Your Monthly Income?

    Although the so-called 28% rule is a popular method to calculate affordability, it’s definitely not the only game in town. There’s also the 35%/45% model, in which your total monthly debt, including mortgage payment, shouldn’t exceed 35% of your gross income or 45% of your net income, which is the income remaining after taxes and…