| Paying the minimum payment |
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 | What is paying the minimum payment? | |
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| The minimayment is when you pay the minimum on your credit card bill, but you are charged interest. um p | |
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| What is APR? | |
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| APR is the annual percentage rate and it is the true cost of credit that must be disclosed on a loan agreement | |
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| What is collateral? | |
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| Collateral is a security given for loan, assets to secure the debt such as a Car Loan or Pawn shop | |
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