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Payment allocation – How will CFE apply my payments to balances under the new Act?

April 26, 2017ACT allocation balances CFE payment PAYMENTS

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Payment allocation – How will CFE apply my payments to balances under the new Act?

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For any monthly payment amounts that exceed the minimum payment due, CFE will apply the overage to balances with the highest interest rate first, then to balances ranging from next highest to lowest.