What they don’t tell you about your credit

The CAT is the total annual cost of your credit, represented in a percentage, which includes all costs and expenses incurred during a year, regardless of the amount of the credit. The CAT is used to compare different options of the same type of credit (for example, credit cards or credits to buy a house);

Borrowing costs money

Pay attention, borrowing money costs money! If you are looking for a loan, you will find this statement everywhere, on websites, on the radio and in advertisements on television. Loan providers and credit providers are required to state this in order to inform the consumer that borrowing money involves costs. These costs are usually the