Can you find the "error" in this fine print from a Wells Fargo Personal Line of Credit Agreement?
"We will take the greater of the Minimum Payment Due or the Total amount Due, or a larger amount if you authorize us to, and apply the payment amount to your Account by the Payment Due Date." (7.d., effective August 18, 2012)
It does sound odd that they might take more than the "total amount due." It would be a very odd account. Either you're allowed to overpay and build up a credit or the "total amount due" is not all that you owe.
I can think of one possibility - some kind of loan that has a minimum payment, and a standard payment (the total amount due) which will pay off in a certain period (say 60 months), but you are allowed to pay down extra principle in advance.
if the Total Amount due is the entire amount you owe you would not authorize a larger amount
It sounds to me that the statement is saying the person with the line of credit has to authorise Wells Fargo to apply any payment to the account. It is certainly a run on sentence.
Just guessing. I hear they will apply 'only' the payment amount, which is a specific, being that which is due, to the account. The balance of the 'total amount due' or the 'larger amount authorized' over and beyond what is due seems not to be applied toward the open account. Again, guessing, maybe it should read "paid or tendered amount" instead of "payment amount."
"We will take the greater of the MINIMUM PAYMENT DUE (minimum monthly payment), or the TOTAL AMOUNT DUE (The Minimum Monthly Payment on the balance owing- without penalties) or a larger amount if you authorize us to (Paying a larger amount reduces the Principal and the loan is satisfied sooner). Applying the payment to your account by the specified date is an important to means to keeping you're credit line with Wells Fargo,
Grammatically, this question is a mess! The error is "apply"?
"Or a larger amount if you authorize us to"- if you have already told me you would take one of these payments, then how do you then tell me you will take another amount ?
At the end of the statement they placed the 'period inside the quote marks'.
Instead they should have placed the 'period outside the quote marks'.
by Levictus Marcus Saarith 11 months ago
Hopefully someone from Hubpages HQ can look into this.I believe that those of us that are using a hosted account with Adsense are not getting any ad revenue on impressions from the niche sites.I base this on the fact that my daily impressions on Hubpages vs Adsense differ by a factor of about 100....
by Anne 3 years ago
Wondering if anyone has received their payment from Amazon as yet? looking at the payment cycle, we have reached the 2 month mark since Hubpages took over haven't we? or is there a delay or something else I have missed...thanks.
by Linda Liebrand 18 months ago
What is the minimum threshold to receive payment from the HubPages Earnings Program?I can't seem to find this info anywhere but I'm hoping I'm very nearly there )
by Alianess Benny Njuguna 10 months ago
Anyone with any idea why payment made by PayPal is not reflecting in my pay pal account? It was sent yesterday but as of today it is not showing the new payment. How long does it take for the payment to reflect in the account? It is not my first time to receive payment from Hubpages but I cannot...
by TheOneWhoKnows 7 years ago
What's minimum amount to withdraw on Hubpages Ad Program
by Kieran Clarke 5 years ago
What is the minimum account balance in Hub Pages before payment is credited to you Paypal Account?Are Adsense and eBay added together for the minimum threshold or treated separately? Can't seem to find the answers to to this, maybe I'm looking in the wrong place! Thanks!
Copyright © 2018 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Google Analytics|
|HubPages Traffic Pixel|
|Google Hosted Libraries|
|Google AdSense Host API|
|Conversion Tracking Pixels|
|Author Google Analytics|
|Amazon Tracking Pixel|