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The APR is a measure of the cost of credit, expressed as a yearly rate. It also needs to be disclosed before becoming obligated on the account and on account statements. The card issuer also must disclose the "periodic rate" the rate applied to your outstanding balance to figure the charge for each billing period. Some cards allow the issuer to change the APR when interest rates or other indicators called indexes change.

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Because the rate change is linked to the index's performance, these plans are called "variable rate" programs. Rate changes raise or lower the finance charge on the account. If you're considering a variable rate pre-approved card the issuer needs to provide various information that discloses: that the rate may change; and how the rate is determined - which index is used and what additional amount, the "margin," is added to determine the new rate. At the latest, you also must receive information, before you become obligated on the account, about any limitations on how much and how often the rate may change. Free Period.

 

Data Backup Is The Best Data Protection

The 3 Steps To A Successful Backup System .Every small business has data that needs to be protected, such as customer records, marketing plans and accounting ledgers. Much of this data is computerized, which one would think would make the archiving and backup of business data easier. But for many businesses, data protection is very much a hit or miss affair, done sometimes or not at all.

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Before You Buy Backup Software

Backup software can simplify the task of backing up your data by automating the backup process. But like any other software, some backup software programs have more features than others. Here's what to look for (and what to avoid) when you're buying backup software...more

 

 

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Business
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Computers
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