What is the difference between interest and a finance charge?
Sunday, October 4th, 2009sehuds2 asked:
I was looking at purchasing an item that I need to have financed, and one of the promos is no interest for 12 months, but Im wondering is interest different from the monthly finance charge? It says minimum finance charge of $1, so what is the difference between a finance charge and interest
I was looking at purchasing an item that I need to have financed, and one of the promos is no interest for 12 months, but Im wondering is interest different from the monthly finance charge? It says minimum finance charge of $1, so what is the difference between a finance charge and interest