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  • Your bill is the statement of your account. Your bill will tell you the total amount that you owe us as of the end of the last billing period. It will also tell you the minimum payment that you must make to us by the stated due date.

    We will send you a bill at the end of each billing period if at that point you have a credit or debit on the account equal to or more than $1. We may not send you a bill, however, if we have decided your account is uncollectible or if we have sent the account for collection proceedings against you.

    In our discretion, we may choose to send you a bill even if you do not have a credit or debit of $1 or more.

    Consumer Financial Protection Bureau - Cite This Source - This Definition
  • Browse Related Terms: Bill, Billing period, Due date, Fixed-rate APR, Grace Period, index, Late payment, Minimum interest charge, Minimum Payment, Variable-rate APR

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