(855) 411-2372
An official website of the United States Government
Sort by: most helpful | most viewed | recently updated
A card issuer that increases your interest rate is generally required to review your rate at least once every six months to determine whether the reasons for the rate increase still apply.The card issuer may – and in some circumstances ...
A card issuer can increase the interest rate on existing balances only if you are at least 60 days late in paying your required minimum amount unless an exception applies (for example, the exception for variable rate accounts). If you ...
There is no federal law that limits the interest rate that a card issuer can charge. The maximum interest rate is generally determined by state law. The law of the state where the card issuer has its headquarters generally determines ...
Unless the lender denies your application, you should look for these four important documents either at or shortly after application: 1. Good Faith Estimate (GFE) disclosure. Generally, the lender is required to send to you the GFE within three business ...
An auto loan’s interest rate is usually the most important part of the price you pay for borrowing money. The total cost of credit, stated as a yearly rate, is called the annual percentage rate (APR).
Dealer or dealership financing means that you are granted credit directly from the dealer from whom you are purchasing a vehicle. The dealer may then sell the credit contract to a bank or other company. In contrast, with bank or ...
Don’t focus only on the monthly payments you are offered – focus on the APR and the interest rate. If you don’t get the best deal available to you on the interest rate, you could end up paying significant additional ...
The federal Truth-in-Lending Act - or “TILA” for short - requires that borrowers receive disclosures about important terms of credit. These important terms include the APR, the monthly payment, the total amount of finance charge to be paid, whether you can prepay ...
Guaranteed Auto Protection (GAP) plans may be offered to you when you buy a new car. GAP protection covers the difference between what your insurance pays if your vehicle is totaled and the damage to your vehicle exceeds the actual cash ...
A credit card’s interest rate is the price you pay for borrowing money. For credit cards, the interest rates are typically stated as a yearly rate, called the annual percentage rate (APR).On most cards, you can avoid paying interest on ...
