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If an Account Holder doesn pay within 2 months, can he/she carry the balance forward?

April 26, 2017account Balance carry forward months pay

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If an Account Holder doesn pay within 2 months, can he/she carry the balance forward?

1 Answer

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Yes, this is a revolving account. The Account Holders can carry the balance forward as long as the Account Holder makes the minimum payment each month. Applicable interest rate will be added to the remaining balance.