Late Payments and Credit Scores
Understanding the importance of timely payments is crucial in maintaining a healthy credit score. Late payments can have a significant impact on your credit score. Failing to make payments on time can lower your credit score, making it harder to qualify for loans, credit cards, and other financial opportunities. It's essential to prioritize timely payments to maintain a healthy credit profile and avoid potential consequences.
Annual Percentage Rate (APR)
The annual percentage rate is the total cost of the loan, expressed as a percentage. The calculation does not include expenses associated with unfulfilled obligations of agreement. The annual percentage rate (APR) for loans can range from 5,99% to 35,99% per annum. Loan term: from 3 months to 24 months.
