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Trailing interest, sometimes called final or residual interest, is a method of calculation whereby interest is charged right up until the day full payment is received.



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Additional Reading

How To Get A Credit Card With No Credit History
If you can't build a credit history without credit, and you can't get credit without a credit history, what can you do? Follow the guidelines here and soon you'll be complaining about all the credit c...

Why Credit Cards are a Bad Idea
Credit cards are just so convenient, aren't they? There's no need to carry any money with you ever again: you can just take one with you to the shop and pay the exact amount just by handing it over. I...

Using Credit Cards Wisely
Using credit wisely is a good habit that, with only a little financial education, you can learn quickly.



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