Common use of Annual Percentage Rate (APR) Clause in Contracts

Annual Percentage Rate (APR). The Annual Percentage Rate (“APR”) for your Account is the annual interest rate and is used to calculate the Interest Charged to your Account. The APR was determined based on your personal credit score at the time of your application. The APR does not include any other Finance Charges, other than interest, which also may be charged to your account, as described in section #7 of this Agreement. We will review your Account on an annual basis and adjust your APR based on your personal credit score and in the course of doing so, we may ask you for additional information, request credit bureau reports and/or otherwise verify your current credit standing. If we decide to change your APR we will provide you with a 45-day notice.

Annual Percentage Rate (APR). The Annual Percentage Rate (“APR”) for your Account is the annual interest rate and is used to calculate the Interest Charged to your Account. The APR was determined based on your personal credit score at the time of your application. The APR does not include any other Finance Charges, other than interest, which also may be charged to your account, as described in section #7 of this Agreement. We will may review your Account on an annual basis and adjust your APR based on your personal credit score and in the course of doing so, we may ask you for additional information, request credit bureau reports reports, and/or otherwise verify your current credit standing. If we decide to change your APR we will provide you with a 45-day notice.