Your current balance (or outstanding balance) and statement balance are two entirely different figures. But your current balance and statement balance can occasionally align, particularly after your ...

Discover what the average collected balance is and how it's used to calculate interest on bank deposits. Understand the difference from other balances and why it matters.

Carrying a balance on your credit card past your grace period means that you’ll start accruing interest on that balance, which will continue to grow until you pay it off completely. If this is the ...