Before you borrow, make sure you understand this

Loan offers can be full of confusing terms—and if your credit isn’t perfect, those details matter even more. That’s why we put together this quick guide to essential loan terms every borrower should know.

For example:
APR stands for Annual Percentage Rate, and it’s not just your interest rate. It includes both the interest and any fees you're paying for the loan—giving you a more complete view of what it’ll actually cost you over time. A loan with a low interest rate but high fees can still have a high APR.

That kind of detail can help you avoid expensive mistakes—especially if you’re comparing offers or thinking about applying with bad credit.

Read the full guide here and make sure you know what you’re signing before you commit.