Personal Loan APR vs Interest Rate: What's the Difference
Cqinfotech06 Nov, 2020Finance
Today we are going to cover a distinction that many people do not have a solid foundational understanding of. This distinction is between the personal loan APR and the interest rate of a loan. According to Gallup well over 50% of Americans do not have a basic level of financial literacy. Part of this lack of knowledge and education consists of people not having the awareness of the difference between these two.
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