finance charges
Fees for credit
Finance charges are the costs of borrowing money—interest, fees, and other charges a lender imposes on a loan or credit account.
Credit card statements itemize finance charges separately from the principal balance: If you pay the full balance each month, you avoid finance charges.
The term appears frequently in consumer lending disclosures.
- usury lawsStatutes limiting interest rates
- debt trapSelf-perpetuating financial burden
- credit cardsBorrowed-money payment tools
- personal loansUnsecured funds lent to individuals
- mortgagesLoans secured by property
interest · repayment schedules · auto loans · payday loans · student loans · loan agreements · revolving credit · credit limit · balance transfer · minimum payment · grace period · installment loans · business loans · consumer protection laws · transaction fees · cash advance · late fees · fine print
- banking costsbank fees, service fees, overdraft fees, late fees, transaction fees
- Consumer Creditcredit cards, credit score, credit scores, interest rates, personal loans
- credit termsloans, installment loan, credit limits, monthly payment, credit cards
- payday loanspayday loan, payday loans, cash advance, rollover, fee
- loansloan, loans, lend, borrow, auto loans
- pricingpricing, discount price, overpricing, discounts, overcharge
finance chargesprincipal
Chief school administrator
principal balance · face value · capital · corpus · equity
finance chargesinterest income
Money earned from loans
credits · refunds · rebates · investment returns · cashback
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