OMG! Three Surprising FYIs about APRs

APRs can be very helpful in trying to understand your best “borrowing” deal, but it is also important to understand what an APR is and isn’t, what an APR does and does not tell you, and the limitations of an APR calculation when making your credit decisions. There are many misconceptions about APRs, and the following three facts in this article may (OMG!) surprise you.

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