Question by Tacuachillo: How to send a monthly bill?
ok, i have a monthly bill that is low. I intend to send extra because the intrest is high. I send two checks one for the bill and one for the principal balance. On the check i wrote for principal, but they still counted both checks as one. So they charged intrest on the full amount of both checks. Did i do it wrong? Or am i just getting screwed? The bank Is GE. Thanks
Best answer:
Answer by Casey Y
You need to look at your contract, there may be prepayment penalties.
You do not mention the type of bill or debt here, so I can’t really help too much. I don’t see how they are charging interest on the checks, that doesn’t make sense.
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