Lists of alternative financial services: Difference between revisions

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== What is APR, why does it matter? ==

~~In EU all loaning operations must show~~ the [[w:annual percentage rate]] or APR for their example loans in their marketing. ~~This~~ can range from hundreds of percent to few tens of percent. Credit card debt is ~~approximatelly~~ the 10-15% zone.

* APR stands for the [[w:annual percentage rate|annual percentage rate]].

{{Q|In many countries and jurisdictions, lenders (such as banks) are required to disclose the "cost" of borrowing in some standardized way as a form of [[w:consumer protection|consumer protection]]. APR is intended to make it easier to compare lenders and loan options.|Wikipedia|annual percentage rate}}

* In EU all loaning operations must show the APR for their example loans in their marketing.

* APR can range from '''hundreds of percent''' to '''few tens''' of percent. Credit card debt is usually in the 10-15% zone.

== Peer-to-peer lending ==