Cash advance loan fees can be somewhat difficult to understand at first. First you will be given an APR rate for the year, but cash advance loan terms are only for 1 to 30 days. Then you have fees that are separate from the interest rates. All of it can seem confusing unless you understand the purpose of each figure and how to compare them.
The Purpose Of APR
The APR (annual percentage rate) includes interest and fees paid over a year for the loan amount. In an effort to educate consumers on the long term cost of such loans and to provide an easy way to compare lenders? fees, the APR is required to be posted by the US government.
This makes researching rates easy. Simply look for the lowest percent. If you can?t find the rate on a lender?s site, then requ View the rest of this article
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