Quick Review

Five Important Facts About The Cost of Credit

  1. The higher the rate of interest, the more you pay.
  2. Interest is added to your loan balance every single day.
  3. The higher the risk to the lender the more you pay.
  4. The longer the loan term the more you pay.
  5. The more you borrow the more you pay.
Thank you for taking the "How Loans Work" tutorial. See if you know how to choose the right loan now. Print out the review sheet, then take the quiz!