What’s The Difference Between Interest Rate Vs. APR?
You’ll know about the two essential figures: interest rate and APR when getting loans. Both help you understand what borrowing money will cost you. The interest rate shows the basic price of the loan. This is the starting point for any loan discussion. It’s usually shown as a yearly percentage that seems straightforward enough. APR …
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personal loan vs. Credit Card: How To Decide Which One Is Right For You?
Due to multiple financial responsibilities, we require additional funds. Usually, personal loans and credit cards are considered to be two such options on which we can depend for any kind of personal financial needs. However, the nature and features of both financial products are completely different. Both serve different purposes, and both have their own …
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What Are Personal Loans At The Best Interest Rates? How It Works
Interest rates are something you pay back in addition to the borrowed amount. When you take out a loan, you are bound to pay the borrowing cost that includes these rates. This is applicable to all categories of a personal loan. This is the major loan category that further divides into secured and unsecured financing …
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No Credit Check, No Problem: You Can Still Get a Signature Loan
How does it feel when you can get a loan just with your signature? No collateral is required, and you can get unsecured personal loans by signing in with your signature. Here, this is the assurance you are providing to the lender about loan repayments. Your signature is your promise to pay back loans within …
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What Is A Credit Limit? How Is The Credit Limit Calculated?
The amount you put on the credit card and other aspects are capped. It means you cannot spend beyond a certain number. Usually, the credit card companies decide on your affordability and finances. Exceeding the credit limit may impact your credit score and finances. You may not get loans, mortgages, and credit cards affordably. Thus, …
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Does Opening A Bank Account Affect The Credit Score?
You may want a bank account if starting your financial journey. Alternatively, you may be opening another bank account to manage your finances well. Whatever the reason, doing so may or may not affect the credit score. However, opening multiple bank accounts simultaneously may impact the credit rating. The blog discusses situations where a bank …
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