What does APR mean? - GoFuckYourself.com

01-24-2005, 10:27 AM

When you have a credit card, what does for example 13% APR mean?

Juicy D. Links · 01-24-2005, 10:28 AM

annual percentage rate

01-24-2005, 10:29 AM

and that means?

nofx · 01-24-2005, 10:30 AM

that means 13% A Penis Rocket(APR)

Harmon · 01-24-2005, 10:32 AM

Short for Annual Percentage rate, the APR is a measurement used to compare different loans offered by competing lenders, which takes into account both the interest rate and closing fees. Unlike an interest rate, an APR gives you a bigger picture when shopping for the best deal on a loan. For example, an APR lets you see the total cost of a mortgage, including closing fees and lender points over the life of a loan - not just the interest due. Even though lenders are required by law to show a loan's APR, they don't all use the same fees in their calculation, skewing the comparison. So always check to make sure that the APRs you are comparing include similar fees.

01-24-2005, 10:33 AM

thanks

01-24-2005, 10:27 AM	#1
Gasper Guest Posts: n/a	What does APR mean? When you have a credit card, what does for example 13% APR mean?

01-24-2005, 10:30 AM	#4
nofx Too lazy to set a custom title Join Date: Nov 2002 Location: Virgin Mary's womb Posts: 16,826	that means 13% A Penis Rocket(APR) __________________ Often times I wonder why There's love and hate, theres live or die. When sickness comes I must decide: When feelings go, theres suicide.

01-24-2005, 10:32 AM	#5
Harmon ( ͡ʘ╭͜ʖ╮͡ʘ) Industry Role: Join Date: Mar 2004 Posts: 20,010	Short for Annual Percentage rate, the APR is a measurement used to compare different loans offered by competing lenders, which takes into account both the interest rate and closing fees. Unlike an interest rate, an APR gives you a bigger picture when shopping for the best deal on a loan. For example, an APR lets you see the total cost of a mortgage, including closing fees and lender points over the life of a loan - not just the interest due. Even though lenders are required by law to show a loan's APR, they don't all use the same fees in their calculation, skewing the comparison. So always check to make sure that the APRs you are comparing include similar fees. __________________ [email protected]

01-24-2005, 10:28 AM	#2
Juicy D. Links So Fucking Banned Industry Role: Join Date: Apr 2001 Location: N.Y. -Long Island -- Posts: 122,992	annual percentage rate

01-24-2005, 10:29 AM	#3
Gasper Guest Posts: n/a	and that means?