If creditors give you no credit for payments made during the billing period,then this is called the:
A)APR method.
B)discount method.
C)previous balance method.
D)adjusted balance method.
E)average daily balance method.

Question

Quizplus · Accepted Answer

The previous balance method calculates finance charges based on the amount owed at the beginning of the billing cycle, without taking into account payments made during the cycle.

If Creditors Give You No Credit for Payments Made During