answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: How do creditors determine the APR to charge you?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Thomas Allan APR Charge?

What is the APR % charged by Thomas Allan?


How can someone calculate APR?

Calculating APR can be done either manually or via an online APR calculator. The type of APR you are trying to calculate will determine the method which is used.


What will your charge be if your payment is late and how will it affect your APR?

alot


Do creditors list a charge-off on credit reports as of the bankruptcy filing date or as of the discharge date?

Creditors list the charge off date as the date the bankrupcty was filed


Does having bad credit affect your APR for a new car or home?

Bad credit will affect your APR on any new loan. Most banks use a tiered credit system to determine APR.


Mortgage APR Calculator?

Mortgage APR Calculator Use this calculator to determine the Annual Percentage Rate (APR) for your mortgage. Press the report button for a full amortization schedule, either by year or by month.


What is yearly rate of inerest on a charge card?

Annual Percentage Rate (APR)


APR Calculator for Adjustable Rate Mortgages?

APR Calculator for Adjustable Rate Mortgages Use this calculator to determine the Annual Percentage Rate (APR) of your Adjustable Rate Mortgage (ARM). Knowing your APR can help you compare different ARMs with different fees and terms.


What will your actual finance charge depend on?

how much of a down payment, length of loan, APR....


What a loan is What interest is And how the annual percentage rate measures the true cost of a loan?

What a loan is: A sum of money lent at interest.What interest is: A charge for a loan, usually a percentage of the amount loaned.And how the annual percentage rate measures the true cost of a loan? Annual percentage rate, commonly referred to as APR, is what creditors charge consumers in order to allow them to make installment payments on rather large purchases, such as What_does_the_term_annual_percentage_rate_mean_for_a_loanand homes. Loan types, credit score, report, and history, can all have effects on what APR you can get for a loan.


Which companies offer low APR credit cards?

First of all, APR is annual percentage rate, or how much of a percentage companies charge you for using a credit card or asking for a loan. One company that has low APR rates is "Citi." Although looking for companies with low APR rates is a good idea, a person can further lower their APR rate with negotiation.


How is a finance charge calculated?

A finance charge is the cost of borrowing money, and it is typically calculated as a percentage of the amount of the loan. The finance charge can include a variety of different costs associated with the loan, including interest, service fees, and other charges. The most common way to calculate a finance charge is to use the annual percentage rate (APR), which is the annual cost of borrowing money, expressed as a percentage. To calculate the finance charge using the APR, you first need to determine the interest rate (the APR divided by the number of periods in a year), and then multiply that by the balance of the loan. For example, if you have a loan with an APR of 12% and a balance of $1,000, the finance charge would be $120 per year, or $10 per month. It's worth noting that there may be other types of fees and charges associated with the loan that are not included in the APR, such as origination fees, late fees, etc. These will be added to the principal of the loan, resulting in a higher finance charge. Also, some loans may be calculated differently, not just by APR, but by a daily or monthly periodic rate, please check on the loan contract or with the lender for clarification. My recommendation: 𝕙𝕥𝕥𝕡𝕤://𝕨𝕨𝕨.𝕕𝕚𝕘𝕚𝕤𝕥𝕠𝕣𝕖𝟚𝟜.𝕔𝕠𝕞/𝕣𝕖𝕕𝕚𝕣/𝟛𝟟𝟚𝟝𝟟𝟞/𝕌𝕟𝕜𝕟𝕠𝕨𝕟𝕪𝕞𝕠𝕦𝕤/