JPMorgan Chase Go!Card help?
in Banking, Insurance & Loans ·
Can someone please explain this to me:
Approved loan amount: $1,400.00
Next installment amount: $42.00
Next payment due date: 05/20/2009.
Loan term: 3 years and 0 months
retained equity: $1,350.00
Principal due: $47.00
Regular interest (12.00000 %): $36.00
Penalty interest (14.00000 %): $0.00
Accrued interest: $0.02
Total overdue debt: - $83.00
Last update to overdue debt: 04/20/2009.
Loan status: ACTIVE LOAN
Account transactions:
04/20/2009. Principal due (due 04/20/2009. )
payment 47.00 balance 83.00 USD
Yesterday my online banking showed the retained equity was $4.00. My payment date is the 20th, and when I went into the bank yesterday, the teller told me I had to pay at least $200. But I didn't have enough cash on me because my JPMorgan Chase app
showed that my next installment on 04/20 was roughly $117. So I rushed over to pay it, but apparently, the app doesn't include the interest charges🤷. I planned to pay that $200 today, but now the numbers have shifted again
. *retained equity: $1,350.00 - does this mean I have $100 available to spend? And why did it drop since yesterday?
*Total overdue debt: - $83.00 - am I supposed to pay this much this month and then $42.00 next month? Or what?
*Is that $83.00 just 1/36th of the loan plus the 12% interest?
*The statement says a payment of $47.00 was made on 04/20, but nothing happened. What does a balance of $83.00 actually mean?
And how did my principal drop by $47.00 between yesterday and today🤷😕🤷😕 if I haven't paid anything? Principal is supposed to decrease when you make a payment. And no, they didn't pull anything from my checking account
. *One more ridiculous thing: last month I had to pay $37🙏 but my principal stayed exactly the same as this month—I didn't spend a dime. Why specifically $37?🤷, I don't get why they're screwing me over
.
Approved loan amount: $1,400.00
Next installment amount: $42.00
Next payment due date: 05/20/2009.
Loan term: 3 years and 0 months
retained equity: $1,350.00
Principal due: $47.00
Regular interest (12.00000 %): $36.00
Penalty interest (14.00000 %): $0.00
Accrued interest: $0.02
Total overdue debt: - $83.00
Last update to overdue debt: 04/20/2009.
Loan status: ACTIVE LOAN
Account transactions:
04/20/2009. Principal due (due 04/20/2009. )
payment 47.00 balance 83.00 USD
Yesterday my online banking showed the retained equity was $4.00. My payment date is the 20th, and when I went into the bank yesterday, the teller told me I had to pay at least $200. But I didn't have enough cash on me because my JPMorgan Chase app
showed that my next installment on 04/20 was roughly $117. So I rushed over to pay it, but apparently, the app doesn't include the interest charges🤷. I planned to pay that $200 today, but now the numbers have shifted again
. *retained equity: $1,350.00 - does this mean I have $100 available to spend? And why did it drop since yesterday?
*Total overdue debt: - $83.00 - am I supposed to pay this much this month and then $42.00 next month? Or what?
*Is that $83.00 just 1/36th of the loan plus the 12% interest?
*The statement says a payment of $47.00 was made on 04/20, but nothing happened. What does a balance of $83.00 actually mean?
And how did my principal drop by $47.00 between yesterday and today🤷😕🤷😕 if I haven't paid anything? Principal is supposed to decrease when you make a payment. And no, they didn't pull anything from my checking account
. *One more ridiculous thing: last month I had to pay $37🙏 but my principal stayed exactly the same as this month—I didn't spend a dime. Why specifically $37?🤷, I don't get why they're screwing me over
.