How to Calculate a Line of Credit Payment?

Answer Lines of credit are similar to loans, but have structural components that make them more complex. Where a loan is for a set amount, a line of credit is more like a credit care: you have a credit li... Read More »

Top Q&A For: How to Calculate a Line of Credit Payment

How do i calculate a monthly payment line of credit?

Information You NeedGather the information you need to calculate the monthly payment. This includes the average daily balance for the past month and the minimum monthly payment. Minimum payments on... Read More »

How to Calculate an Equity Line Payment?

Lines of credit taken against the equity in your home are called a "home equity line of credit" or "HELOC." HELOCs are provided to you at either a fixed interest rate so that the payment will not f... Read More »

How do I calculate a payment for a credit card?

BalanceFigure the balance method your credit card company uses. There are three common methods: adjusted balance, previous balance and average daily balance. In the adjusted balance, interest is ba... Read More »

How do I calculate credit card minimum payment?

The Percent RuleSome credit card companies still use a percentage of your total charged balance to calculate your minimum payment. If you have a card that has a $1,000 charged, your minimum balance... Read More »