2007-09-28 09:07:45 · 7 answers · asked by J Lo 1 in Business & Finance ➔ Taxes ➔ United States
It depends on the interest rates and what kind of debt t is...
2007-09-28 09:11:33 · answer #1 · answered by Sugarcookie 5 · 0⤊ 0⤋
As the first answerer said, it depends on the kind of debt. That interest amounts to roughly 38% of the debt amount of $1,512.62, and in some cases, 38% can be charged if you were late, or are habitually late with payments.
2007-09-28 09:19:46 · answer #2 · answered by Anonymous · 0⤊ 0⤋
$57.50 is less than 4% if that is annual interest, but 38% if it is one months interest. As someone said, what is "it"?
2007-09-28 09:42:15 · answer #3 · answered by CarVolunteer 6 · 0⤊ 0⤋
How can WHAT show the interest. The interest wouldn't be deductible on your tax return anyway unless it's mortgage interest, and from the amount doesn't sound like it is.
2007-09-28 14:31:33 · answer #4 · answered by Judy 7 · 0⤊ 0⤋
Because you are being charged about 26% interest.
Sell something and pay it off before it eats you alive!
2007-09-28 09:16:39 · answer #5 · answered by Anonymous · 0⤊ 0⤋
What is "it?"
2007-09-28 09:39:10 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Please explain.
2007-09-28 09:11:43 · answer #7 · answered by r_kav 4 · 0⤊ 0⤋