Lists of alternative financial services: Difference between revisions

Lists of alternative financial services (edit)

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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 ==