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According to the federal government’s Truth in Lending Act (TILA), APRs are defined “as the cost of credit expressed as a yearly interest rate.” The key word being “yearly.” APR accounts for the entire cost of the loan, including all fees and interest.

Installment Loans Work "For millions of American families, living paycheck to paycheck is nothing new, and accessing credit or bank loans isn’t a real option. This means that when it comes to borrowing money, many consumers have limited choices. This problem is exacerbated as lenders face increased...

Credit scores can be a bit mysterious. Here are a few of the most common misunderstandings about credit scores:

If you are already making on-time payments on your loans and credit cards, you are on your way to a better credit score. In fact, you may see your scores rise a bit each month as you establish a good payment history. If you are rebuilding credit, or are ready to take your credit score to the next...