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Or a card issuer may represent in an advertisement that the annual percentage rate on its accounts is "low," without providing additional disclosure.
After six months, the annual percentage rate for customers who qualify for "Prime Performance" pricing is prime plus 9% for classic cards and prime plus 7.
Interest rates, however, can quickly reach an average annual percentage rate (APR) of over 600 percent, often trapping borrowers in a cycle of skyrocketing payoff amounts.
Ask for the annual percentage rate - not the simple interest rate - because it reflects the rate and fees for the loan, Hillebrand said.
In addition to the rebate features, the cards will have no annual fee, a variable annual percentage rate, and a 7.
The special Saab Lease Program is based on an annual percentage rate (APR) of 1.
SECU's SALO Loan has an annual percentage rate (APR) of just 12%, as compared with APRs over 200% from commercial payday lenders.
41% new automobiles and light-duty trucks and has a weighted average (WA) annual percentage rate (APR) of 7.
Due to the low weighted average annual percentage rate of the receivables, securities are issued in an amount less than the outstanding balance of the receivables.
SECU's SALO loan has an Annual Percentage Rate (APR) of just 12% as compared with APRs over 300% from commercial payday lenders.
9 percent credit card annual percentage rate, currently at 8.
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