Credit Management. Unit 4. Credit in America. Chapter 16 . FUN FACTS. In 2006, the credit card industry took in $55 billion in credit card fees and $90 billion in finance charges. Makes you want to pay your credit card bills on time. 10\% - Credit Cards
Principal: amount borrowed
Balanceddue: is the amount borrowed plus interest for the time you have the loan
FinanceCharge: total dollar amount of interest and fees you pay for the use of credit.