LEARN HOW TO READ A CREDIT CARD BILL

There are different types of loans in the marketplace and the interest rate and conditions vary for each. Your first experience of borrowing will likely be using a credit card. Know how to read your monthly credit card statement. Statement formats vary, but they all have to include the following important information somewhere on the statement. Research online the definitions of: 1 Balance owing 2 APR 3 Minimum payment 4 Minimum payment warning 5 Payment due date 6 Monthly interest calculation 7 Year-to-date interest and fees