Interest Rate V APR?

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I’m applying for a loan and I was approved at 11.99% but when I went to sign the paperwork it said 12.68%. I asked about it and the loan officer said that it was because of a $50 finance charge that was not interest bearing. I don’t understand how this works…

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Anonymous 0 Comments

What kind of loan is this? The rate seems really high unless it’s for a shady credit card company

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