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What is a finance charge?
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What is a finance charge?

User Andriy Zakharko
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What is a finance charge?

  • are a form of compensation to the lender for providing the funds, or extending credit, to a borrower. These charges can include one-time fees, such as an origination fee on a loan, or interest payments, which can amortize on a monthly or daily basis. Finance charges can vary from product to product or lender to lender.

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What is a finance charge?-example-1
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