An APR of over 100 just means that if you were to borrow cash advance wisconsin rapids a year you would be charged more than 100 of the original loan. So for each pound borrowed, you'd pay more than 100p. For APRs over 100 a quick and easy way to read them is to imagine a point in front of the last two figures.
For instance 4670 APR becomes ВЈ46. 70. This is the amount you would pay on each pound borrowed, per year. See the box and link on the right for more information about percentages. The monthly percentage interest rate looks much lower. Is the APR just the monthly rate times 12.
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