How to Get a Negative Amortization Loan?

Answer A negative amortization loan is one where your loan balance does not decrease but increases as you make monthly payments. Without reviewing the actual calculations, it is important to know why this... Read More »

Top Q&A For: How to Get a Negative Amortization Loan

How to Understand Negative Amortization?

The term amortization is defined as the process by which certain categories of loans, such as home mortgages, are repaid on a set payment schedule over a predesignated period of time. A certain per... Read More »

When is a Credit Card in a Prolonged State of Negative Amortization?

Credit card negative amortization happens when the amount you owe grows-- instead of shrinking with each payment--because you are paying off only a portion of the interest, not the entire interest.

When is a credit card in a prolonged state of negative amortization?

A prolonged state of negative amortization is when a credit card's minimum monthly payment is consistently less than the monthly interest charge, causing the outstanding balance to increase, month ... Read More »

Does Bank of America allow negative amortization of credit cards?

Bank of America does allow negative amortization of its credit cards. Bank of America's minimum required payment is 1 percent of the balance, plus finance charges and late fees. Depending on your b... Read More »