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credit cards faq/glossary
The most common questions asked about Credits Cards.
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Credit Card Glossary
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F
 
Finance Charge
definition
What does Finance charge mean?

Finance charge is basically representing the whole of your loan for example, meaning interest rates added any arrangement fees, the borrowed amount itself and any other potential fee that the issuer may charge. So, if you take a loan of say $100,000 with an interest charge of 10%, plus an arrangement fee of say $250, that will give a total of $110,250, which is the actual finance charge. So, you can basically make use only of the $100,000, the rest are all ‘extra’ charges you will have to pay.
Fixed Rate (Fixed APR) Next Word
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