 What's a good credit card for students? |
| I am is dieard need of a credit card and I need to know what is a good one for a student with no credit and no cosigner? thanks.... |
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 What can we do to protect ourselves if a relative decides to commit identity theft? |
| A relative came and stayed at our home for a few days. They had access to our home when we were at work and so they could have easily gotten all of our information. Now I find that they have stolen ... |
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 Couple of questions....? |
| I don't know anything about loans. All I know is my boyfriend has a ton of debt. All his loans, credit card bills and his truck plus my student loan comes to about 27,000 dollars... i'm ... |
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 Which credit card gives you the best rewards? |
| I tend to use one credit card to charge all my expenses each month and then pay it off at the end of the month. There are sooooo many credit cards out there and I was wondering which one gives the ... |
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 Will I get a late charge for my capital one credit card? |
| my payment is due tommorow.and i put it in the mail yesterday however tommorow is a holiday.it is the first time it has happened.anyone know how much i will be charged.... |
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 Son refuses to pay father for his car loan.? |
| My friend asked me for advice the other day and I wasn't sure what to tell him. His 21 yr old son bought a new car 6 months ago. His father had to co-sign the loan. The son agreed to make weekly ... |
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 Will not paying off your credit card completely in a month hurt your credit score? |
I got my first credit card last year, I've used it a lot and got a few credit increases, and have paid it off in full at the end of every month.
However, this month I've spent ... |
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 How do i get $4000 by April??!??! I really need it...? |
and i dont have a co signer or a loan
Additional Details
no co signer or ... |
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 How bad can medical bills affect your credit?? |
| how bad can medical bills affect your credit? I was informed of a medical bill that has been reported. tell me the bad news.... |
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 Who has to pay his father debt? |
My friend's dad is in jail since a couple of months. He owns some money in credit cards. Who will have to pay for the debt? Since obviously the father will be unable to pay
Additional D... |
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 What is better a credit or a debit card? |
| mainly using it for online purchases and buying things like clothes, shoes, phones, etc...... |
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 Aside from shopping convenience, what are other advantages of having a credit card today? |
| I intend to avail a credit card for myself. But before plunging in, i would like to know if i really need it. Is credit card a boon or bane?... |
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 How come NO ONE will give me a loan or credit card when my credit rating is 652? Is it THAT bad? |
This is all so confusing.... I get declined wherever I apply for this stuff and nobody can help me and now I have all these inquiries on my report and.... UGH. Shoot me. =/
Why is it everyone ... |
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hellraiza15 | Can someone explain credit card APR to me? |
Looking to apply for a credit card but i'm confused by APR. What does it mean exactly. I know its a way of charging you for what you spend but how is it worked out. |
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Knownow't
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Its hard to explain in simple terms and I am not a financial advisor, but the idea was that it made it easier for customers to choose between lenders as the APR was the interest charged including any one off fees or other charges which may differ from company to company...the accual interest you pay may be different...but if one says a higher APR compared to another you may wish to go with the lower one.
If the interest rate is 20% per annum then for every £100 you borrow you will owe an extra £20...credit cards are a very very expensive way to borrow money unless you can pay it all back the following month...If you only pay back the minimum amount it can take you 25 years or more to pay off the full amount....so beware...hope this helps a little. |
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Kimbermai
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APR is an Adjustable Precentage Rate - the fees they tack onto the amount of purchases you make with the credit card. I don't really know how it is determined - but I think there are alot of policies being looked into right now by the government because APR's seem to be determined randomly by credit companies in order to take advantage of people and make a gross amount of money. Generally, though, if you have good credit it will be lower and if you have bad or ify credit score it will be higher - and you can attempt to change the precentage rate by negotiating w/ the ccc. My suggestion would be go check on Suze Orman for some good financial advice on this one. |
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alatoruk
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difficult to explain but I will try
APR is the annual percentage rate. however it is a "theroetical" figure.
if you borrow £100 and pay 2% a month you would think thats 12x2% = 24, but it isnt because you pay 2% on each previous 2%.
jan borrow 100 - 2% = 102 owed
feb 102 owed - 2% = 104.04
mar 104.04 owed = 106.1208
....
....
by the end of december you owe 126.8242 - so APR is 26.83%
however - it still gets more complicated, because each month you pay an amount off your outstanding balance., so if you just borrowed the 100 and paid off 2.5% then your outstanding balance reduces and by the december you have paid £23.29 in actual interest so the rate would only be 23.29.
rates are usually quoted assuming that every month you make the minimum payment, but then spend that amount bringing it up to the first example.
so now that has totally confused you, i know it did me and I'm typing it, the best advice is , LOWER THE BETTER. watch out for changes though, because a lot quote their "typical" rate but you will find it only gets offered to people earning over 400K a year, with completely clean credit history and no current borrowings. |
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Advisor
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If you want to apply for a credit card online go here http://www.ccvault.com/ |
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FairyBlessed
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Annual Percentage Rate
Just to confirm my answer and give more details:
http://en.wikipedia.org/wiki/Annual_percentage_rate |
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toodle666
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APR - Annual Percentage Rate
Yearly interest rate the the creditor charges to using their/his/her money.
Read the small print also for any monthly charges on top of the Annual charges.
Depends on how much you borrow, the interest rate, the monthly payments you intend to make (or the lump sum after the term is over).
Ask if the interest rate is 'fixed' throughout the term or if its 'variable'. The longer time you have to pay the loan, the higher your rate, unless its as fixed as fixed!
Ask if you can pay one-off payments to take your credit down and the max you can make in a year / month...maybe if you came into some money? Also, would there be early payment penalties for this? |
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John G
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It means the "annual percentage rate" of interest charged on outstanding (unpaid) balances. Each monthly interest charge is 1/12th (pretty much) of the unpaid balance, and this equates to an annual rate.
Example: If you are charged 2% interest per month, this would equate to an annual rate of 12 months times 2 percent = 24%.
But not exactly. Some months have more days than others, and every fourth year has an extra day in it. So, rather than do all the complicated math, you're given an "APR," which is what the interest rate would be if you were charged yearly -not monthly. |
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ilickgash
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Right A.P.R Means Annual Percentage Rate. If the rate is 10.9% that means if you spend £1000 on your credit card and leave it for 1 year you will owe then a total of £1109. Be VERY careful with it thats all I can say. |
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