Annual Percentage Rate (APR)

The annual rate that is charged for borrowing (or made by investing), expressed as a single percentage number that represents the actual yearly cost of funds over the term of a loan. This includes any fees or additional costs associated with the transaction. In UK all credit companies are required to display this figure along with the cost of credit they prefer to display. This has been opposed by many, particularly payday lenders who give a short term loan typically for one or two pay period loans.

payday loans

This site's information should not be considered a substitute for a professional advice. While we try to ensure that you receive correct and unadulterated information, it is probable that we have made mistakes. Please read our content critically and do not over-rely on us. If you find any errors please report them to admin [at] ukpaydayreviews.com. Note that the comments on this website are posted by independent users of this website. UK Payday Reviews do not take any responsibility of the commenters' intentions and of the validity of the comment.


Legal Disclaimer         Privacy Policy

2010 © UK Payday Reviews. All rights reserved.