FINANCE
A 'Fast' Loan's Real Cost Isn't Interest
The true price is buried in the loan's APR.
Where Lenders Hide the Real Cost
Origination fees, from 1-8% of the loan, are bundled into the APR. But one factor determines that percentage.
Your Credit Score Sets the Fee
A score below 670 can trigger higher fees, pushing a 15% interest rate toward a 25% total APR.
Compare Lenders by True APR
The full article breaks down how top lenders structure their fees and APR calculations.
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