APR explained in simple terms for everyday borrowers. Learn how annual percentage rates affect loans and credit card payments.

In this quick Financial Literacy Month video, I break down exactly what APR means and how it affects the cost of using your credit cards. Using a simple example of a 17 percent APR on a 1,000 dollar ...

You may have seen the term “APR” while shopping for auto loans, mortgages or credit cards. It stands for “annual percentage rate” and describes the yearly cost of carrying an unpaid balance in various ...

With credit card costs elevated, it's important to know what rates are considered high in today's environment.