Best Title Loan Lenders Childress, TX
1. Sun Loan Company
2305 Ave F NW Ste 300 Childress TX 79201
+1 940-226-0217
2. World Finance
1513 Ave F NW Unit 1 Childress TX 79201
+1 940-937-6341
3. Trading Post Loan
603 15th St NW Childress TX 79201
+1 940-937-2800
4. Western Finance
2113 Ave F NW Childress TX 79201
(940) 937-8444
5. CashMax Title Loan
1907 Ave F NW Childress TX 79201
+1 940-937-8520
6. Continental Credit
1904 Ave G NW Childress TX 79201
+1 940-937-8237
7. H S Black Abstractor Inc
415 Commerce St NW Childress TX 79201
+1 940-937-3681
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Fixed installment method
With the fixed installment method, the payment each month is fixed. But the amount going toward interest is getting smaller, while the amount going toward principal grows larger month by month.
Equal Principal and Equal Interest
The principal is divided into equally monthly amounts. And the interest each month is calculated on the total principal, which means it will not be reduced over time.
APR
An APR, short for Annual Percentage Rate, refers to a percentage that reflects the yearly cost of borrowing a loan over its term.
Finance Charge
A finance charge is the total amount of cost paid on a loan. It includes interest, fees, and other charges that are collected over its life.
- Total Principal Paid: $ 4,000.00
- Finance charge: 473.42
- APR: 36.00 %
- Total Principal Paid: $ 10,000.00
- Total Interest Paid: $327.97
- Loan term: 12 months