What is the difference between a credit card to pay versus pay for a loan?
I could see with your online computers, how long it w? Rde to pay off my car and gave me two different answers I’t one? F r credit card and the other f? R credit. What is the difference?
Credit think – Master Card, Visa Card or retail, where a limit of what you charge on this card. Go into a store and buy various items with a credit card. Then you take payments? About credit card each month (monthly payment h? Depends on the balance), interest accrues on the card every Monat.Loan – is something that you in financing through a lender and pay in installments? Over a given period. Like a car you w? RDEN in the rule? About to fund a 4 or 5 years time frame. They have set a monthly payment. . . . and with a loan, the interest is usually in the monthly payment (payment) is calculated.
Pay your credit card is different than your loan because the interest on the credit card is variable. The loan is better because it has a fixed interest rate, so you know when you go to to pay it off, because you have the same monthly payment.