What percentage of annual cost determines the cost of borrowing?
Order online credit annual rate of expenditure is the total amount of credit to the consumer expressed as an annual percentage of total expenditure on the amount of the credits. It is estimated when the contract of consumer credit in a particular formula, adopted as [...]
Do they know the clients of their rights in banks drawing consumer credit?
Just before 2 years was adopted Law on Consumer Credit (published in the Official Gazette, Vol. 53 June 30, 2006, with effect from 1 October 2006). This act put into legislation the European Directive 87/102/EEC requirements for consumer credit.
The law regulates [...]
Credit overdraft - advantages and disadvantages?
Many banks allow their customers to draw more than available in your account means, as this credit is provided in the form of an overrun of its stock - so-called “overdraft”.
Banks conclude specific agreements, which specify the maximum amount of loan and annual interest costs on loans, applicable from [...]
