For applications that say Variable APR of 24.99% and only that in the T&C does it mean thats the only APR? Because i have noticed on other apps in the T&C it will say 11.99-22.99...etc. Which would obviously mean you would get a APR between there but what about the ones that just have Variable APR of 24.99% for example.
The way I understand it, that's the APR you're guaranteed to get if approved. The variable part means they can increase/decrease at will (i.e. Consumer requested decrease, penalty increase for late payment, etc.).
