Term: APR
4 found

Can My Credit Card Company Raise My Interest Rate?

By Steven Shaw on 2/27/2015

 Can My Credit Card Company Raise My Interest Rate?

The recent announcement from American Express that it will raise interest rates for more than 1 million cardholders has a lot of people asking questions, like how this change will affect them or whether or not this could be the start of an industry-wide trend.

APR
Credit Card
Interest Rate

People Are Paying More Than Ever for Their Car Loans

By Steven Shaw on 6/10/2014

People Are Paying More Than Ever for Their Car Loans

The average monthly payment for a new car was $474 in the first quarter, the highest it’s ever been since Experian Automotive started publicly reporting the data in 2006. The average new auto loan term has also increased to a new high of 66 months.

Annual Percentage Rates (APRs)
APR
Car Lease
Car Loan
car loans

Are You Getting the Best Rate on Your Car Loan?

By Steven Shaw on 11/19/2013

Car dealers and auto loans

It’s no secret that car dealers rely on the lending community — banks and-auto industry-owned finance companies — to help close sales. What’s less well-known is how they benefit from these relationships.

Many lenders allow the auto dealerships with which they partner to negotiate and document loans on their behalf. Some even let them increase the base interest rates, which can substantially enhance the dealer’s already profitable sale. Here’s how.

Annual Percentage Rates (APRs)
APR
Car Loan
car loans

8 Key Facts About Your Mortgage APR

By Steven Shaw on 5/22/2013

8 Key Facts About Your Mortgage APR

Securing a mortgage today requires careful consideration of all the figures associated with the transaction. The biggest figures most homebuyers pay attention to include loan amount, interest rate, closing costs and the one most benign to consumers, the annual percentage rate (APR for short), which is a disclosure item required in loan advertisements and loan disclosures.

Annual Percentage Rates (APRs)
APR
Mortgage