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Tag Archives: apr

5 Student Loan Terms Every Borrower Should Know

Money and book

If you have student loan debt, you’ve probably noticed that your loans have a language all their own – and the last thing you want to do is spend your free time learning it. The good news is that you don’t need to be fluent in loan lingo in order to navigate the world of education debt – but familiarizing yourself with ... Read More »

    Understanding APR

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    Dear Dollar Stretcher, Most of us have at least one mortgage these days, but there is so much confusion over the interest. It seems that by the time you’ve paid off your mortgage, the interest costs more than your home. I would love to know how the interest is calculated and how it can end up being way more than ... Read More »

      Building Your Financial Future: Advice For 20-Somethings

      Photo Credit: AMagill

      photo © 2009 Andrew Magill | more info (via: Wylio)A lot of people always say that sometimes no credit is just as bad as poor credit. And I’d like to attest, this is correct. I, Amanda Miller, am in my 20s. Which means, you guessed it, I am the poorest I will ever be again (knock on wood). When I ... Read More »

        My Interest Rates Went to 24%. What Can I Do? – Kevin

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        Kevin “Dear Steve, I need to get my creditcard situation under control. All my a.p.r.’s went to 14% to 24%. Now my debt to plastic is almost $14,000. I pay $400/month to the card services but $225 goes to service charges. I’m always on time with payments, have a 710 credit score, and make $32K/yr. Home and car pmts are ... Read More »

          I Have a Loan Through Bank of America and I’m Going to Declare Bankruptcy. – Nick

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          Nick “Dear Steve, I have a Loan through Bank of America and the APR IS 15.99%!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!, I am going to declare bankruptcy soon if this isnt lowered. Can you Lower my APR? Nick”   Dear Nick, These days 15.99% isn’t a bad interest rate on a credit card, But you didn’t say what kind of loan this was. Nick, it ... Read More »

            Credit Card Companies Are Coming For You. Protect the Wife and Children.

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            I see a new advertising campaign in our future. When Banks Panic You Lose Even though the Federal Reserve has lowered its rate to 1%, banks are raising your interest rates in hopes of making a bigger profit. Oh yes, they are raising your fees or charging news ones as well. At a time when the government is pleading for ... Read More »

              Outrage Over Credit Cards with 222% APR

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              Outrage Over Credit Cards with 222% APR QCK, UK - 1 hour ago The money must then be repaid at a rate that is more than 10 times the average APR of a credit card. Debt groups and politicians have expressed anger at the ... Read More »

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