The total dollar amount of the credit that is provided to you.
Annual Percentage Rate or "APR"
A measure of the cost of credit expressed as a yearly rate.
Optional insurance that is designed to repay the debt if the borrower dies or becomes disabled.
The dollar amount that the credit will cost you.
Fixed Rate Financing
The interest rate and the payment remains the same over the life of the loan. Equal monthly payments of principal and interest are made until the debt is paid in full.
Late Payment Fee
A fee that is charged when payment is made after its due date.
Monthly Payment Amount
The dollar amount due each month to repay the credit agreement.