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This percent is the average APR for a payday loan.
What is 400%?
This card type allows you to spend your money that is in your checking account.
What is a debit card?
You will be given this if you do not make your credit card payment on time.
What is a late fee?
This type of banking account allows you to remove money from it by methods such as using your debit card and writing a check.
What is a checking account?
In order to have the lowest monthly payment, you should choose a loan with this (long/short) term length.
What is long term?
In order to pay the least amount in interest over time, you should choose a loan with this (long/short) term length.
What is short term?
This type of card allows you to spend money that you borrow as a loan that you pay back later.
What is a credit card?
The smallest amount of money you can pay on a debt each month.
What is the minimum payment?
In order to determine how much interest you pay, this 3 letter abbreviation can change depending on your credit history.
What is APR?
This is used by establishments such as banks and car dealerships to determine if you are a trustworthy person they believe can pay back their debts.
What is a credit score?
This is what you pay additionally each month if you do not pay off your credit card debt.
What is interest?
This type of loan is notorious for its high interest rates.
What is Payday loans?
This is a person who signs a loan agreement with you and takes the fall if you miss a payment.
Who is a cosigner?
This is how much money you may spend with your credit card.
What is credit limit?
This is considered the best way to improve your credit score.
What is making on-time payments?
This is the name given to the specific type of loan you take out to pay for your home.
What is mortgage?
Making the monthly minimum payments on all your debts, and then putting any extra cash toward the debt with the lowest balance is called this method.
What is the Snowball method?
This strategy is what you should use if you want to pay off multiple sources of debt and if you want to pay the lowest amount of interest over time.
What is the High Rate Method?
This time period is the general timeline used to establish your credit after you first actively use your card?
What is 6 months?
The 25 days after the end of the billing cycle is referred to as this period.
What is Grace Period?