What Is APR?

APR stands for Annual Percentage Rate.

Simply put this means the total amount a loan will cost across a one year period.

Expressed as a single percentage, the APR calculation considers the interest rate and all other fees to reflect the overall cost of a loan over the whole year. Lenders must explain the APR before an agreement to take out a long or short term loan.

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Types of APR

There are quite a few different types of APR.  These include:

Fixed APR, Default/Penalty APR, Introductory APR, Variable APR, Purchase APR, Cash Advance APR, Delayed APR and Tiered APR.

For further information about these different types of APR click the link below.

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APR Help

If you are looking for help or advice with regards to APR, managing repayments or looking for qualified people to speak to in confidence, try some of the links on the help page.

We have compiled a list of the best resources to help you with your current situation.

It is best to speak to a professional.

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APR. That three-letter acronym looks so simple, but in the world of credit cards, it isn't.

- Marcie Geffner, BankRate.com

News & Updates

APR News

Credit & Debt – Yahoo Finance

Posted by Adam Shore on Nov 25, 2013

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JPMorgan deal brings $300M to Calif. pension funds

Posted by Adam Shore on Nov 19, 2013

SACRAMENTO, Calif. (AP) — JPMorgan Chase & Co. will pay $299 million to California’s public employee and teacher pension funds as part of a settlement related to mortgage-related investments, state Attorney General Kamala Harris announced...

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JPMorgan says ‘mea culpa’ in $13 billion settlement with U.S.

Posted by Adam Shore on Nov 19, 2013

By Aruna Viswanatha and David Henry and Karen Freifeld WASHINGTON/NEW YORK (Reuters) – JPMorgan Chase & Co said it routinely overstated the quality of mortgages it was selling to investors, and it agreed to pay $13 billion to settle related charges...

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JPMorgan says ‘mea culpa’ in $13 bln settlement with U.S.

Posted by Adam Shore on Nov 19, 2013

By Aruna Viswanatha and David Henry and Karen Freifeld WASHINGTON/NEW YORK, Nov 19 (Reuters) – JPMorgan Chase & Co said it routinely overstated the quality of mortgages itwas selling to investors, and it agreed to pay $13 billion tosettle related...

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ResCap presents creditor payout plan to judge, criticizes bondholders

Posted by Adam Shore on Nov 19, 2013

By Nick Brown NEW YORK (Reuters) – A lawyer for bankrupt Residential Capital on Tuesday asked a judge to confirm the mortgage lender’s plan to end its Chapter 11 case and pay back creditors, criticizing “scorched-earth” opposition by...

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JPMorgan, government finalizes deal

Posted by Adam Shore on Nov 19, 2013

WASHINGTON (AP) — JPMorgan Chase & Co. has reached a record $13 billion settlement with federal and state authorities, resolving claims over the bank’s sales of low-quality, high-risk mortgage-backed securities that collapsed in value during...

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