Finance Charge

Explanation: Monies charged to card holders by credit card companies or loan providers. These include interest, transaction fees, and service fees.

Our Thoughts: Check your Terms and Conditions when you get a new card/loan and also be sure to read the inserts within your billing statements, to make sure you are aware of new finance charges or changes in terms.

Related Terms:
Annual Fee, Annual Percentage Rate (APR), Credit Card Fees, Terms and Conditions