22/04/2016 Financial Literacy Month Understanding the Cost of Credit ­ Financial Literacy Month

Compare installment load offers

Terms to consider Lender 1 Lender 2 Lender 3

Amount financed $ $ $

Interest rate (APR) % % %

Finance charge in $ $0 $0 $0

Length of loan # # #

Fees $ $ $

Total cost of loan $0 $0 $0

Prepayment penalty $ $ $

Credit insurance $ $ $

Compare credit card offers

Terms to consider Lender 1 Lender 2 Lender 3

Annual fee $ $ $

Interest rate (APR) % % %

Introductory APR % % %

Minimum payment $ $ $

Credit limit $ $ $

Late & over limit fees $ $ $

Billing cycle # # #

Grace period # # #

Transaction fees $ $ $

Cash advance fees $ $ $

Credit insurance $ $ $

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