CareCredit GE MoneyBank
Payment Applied Mostly to Larger Loan Instead of Sooner-Due Loan
- 01-09-2014
- 84
My first promotional loan was for dental implant surgery and the expiration date is May. I got a second promotional loan to pay for an implant cap, which should expire in January.
My first loan had $600 left to pay off before the last payment. The second loan is for $2202.
I made a $125 payment because the minimum amount due was $117. I would have thought the majority of the payment would have gone towards the $600, since it is due sooner, but they only put $33.00 towards it. Both loans are interest deferred, so why do they put most of the money towards the larger loan even though it has 2 years to mature?
Company: CareCredit GE MoneyBank
Country: USA