Jun 1, 2020
5 min read
3 Quick Points to Simplify Annual Percentage Rate (APR)
A very important number to understand
Annual Percentage Rate (APR) is a number you should fear if you are not a responsible borrower. It refers to the annual rate of interest that is charged to you. In the U.S., APR is required to be disclosed by any lender that offers a loan or line of credit per the Truth in Lending Act of 1968. This means…
