I was an authorized user on my deceased relative’s credit card account. Am ...
I was an authorized user on my deceased relative’s credit card account. Am I liable to repay the debt? No, being an authorized user generally […]
367 total views, 1 today
My payday lender said my loan would cost 15 percent but my loan documents s...
My payday lender said my loan would cost 15 percent but my loan documents say the annual percentage rate (APR) is almost 400 percent. What […]
369 total views, 1 today
Unauthorized use
What is an unauthorized use of a credit card? Generally, unauthorized use is the use of a credit card by a person who does not […]
510 total views, 2 today
Prescreened credit card offer
What is a prescreened credit card offer? Prescreened credit offers are firm offers of credit. Credit card companies use information from credit reporting companies to […]
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Interest rate
Interest rate A credit card’s interest rate is the price you pay for borrowing money. For credit cards, the interest rates are typically stated as […]
408 total views, 2 today
Grace period
What is a grace period for a credit card? A grace period is the period between the end of a billing cycle and the date […]
480 total views, 2 today
Daily periodic rate
Daily periodic rate Some card issuers calculate interest on the account using a daily periodic interest rate, which is used to calculate interest by multiplying […]
486 total views, 1 today
Credit Balance
There is a “credit balance” shown on my statement. What is a credit balance? A credit balance on your billing statement is an amount that […]
434 total views, 1 today
Balance transfer
Balance transfer A balance transfer lets you move an outstanding balance from one credit card to another, sometimes for a fee. The fee is usually […]
436 total views, 1 today
Annual percentage rate (APR)
Annual percentage rate (APR) The APR, or annual percentage rate, is the standard way to compare how much loans cost. It lets you compare the […]
408 total views, 2 today