Interest on credit cards and loans

3 videos
Most of us have borrowed to buy something. Credit cards, in particular, can be quite convenient (but dangerous if not used in moderation). This tutorial explains credit card interest, how credit card companies make money and a far more silly way of borrowing money called "payday" loans.

Annual percentage rate (APR) and effective APR

VIDEO 7:30 minutes
The difference between APR and effective APR

Institutional roles in issuing and processing credit cards

VIDEO 11:59 minutes
The institutions involved in processing your credit credit and how they relate to each other

Payday loans

VIDEO 10:26 minutes
How Payday lending works