Written By Minh Tong
Mar 3, 2023
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In financial terms, interest is the cost of borrowing money. It is usually expressed as a percentage rate that must be paid by the borrower to the lender for the use of their funds. 

Interest can also refer to the return you earn on an investment or savings account, or it could be used in reference to dividends earned from stocks or other investments. 

Generally speaking, when someone borrows money they pay interest; when they save money, they receive interest.

The interest rate typically depends on factors such as: how much is being borrowed, how long it will take to repay, and the creditworthiness of the borrower. 

It also reflects economic conditions like inflation and availability of lending capital. In some cases, borrowers may negotiate a lower rate based on collateral or other factors.

Interest is an important component of the financial markets, as it provides incentive for lenders to make money available for borrowers. This can help people and businesses access capital that they don’t have on hand, enabling them to purchase items or make investments that may be beneficial in the long run. 

Interest also encourages saving, which helps individuals and companies build wealth.

It’s important to remember that interest rates can change over time and vary from lender to lender. The key to getting a good rate is doing research, comparing offers and understanding your own financial situation. 

By being informed about interest rates and how they operate, you can use them to your advantage when investing or borrowing money.


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Americor provides debt solutions to thousands individuals and families all over the country. We’re a next-generation debt relief company with a proprietary platform designed to help clients get out of debt quickly. Together we’ll develop a strategy for you to enjoy a debt free lifestyle. Learn more about how Americor can help relieve the burdens of debt today.

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We provide debt resolution services. Our clients who make all monthly program payments save approximately 40 – 50% of their enrolled debt (average of 43%) upon successful program completion, before program fees. Fees are based on a percentage of your enrolled debt at the time of starting the program and range from 15%-25% of your enrolled debt. Programs range from 20-48 months. Clients must save at least 25% of each debt due to an enrolled creditor before a bona fide settlement offer will be made. On average, clients receive their first settlement within 4-7 months of enrollment and approximately every 3-6 months thereafter from when the prior debt was settled. Not all Clients complete the program. Estimates are based on prior results and may not match your results. We cannot guarantee that your debts will be resolved for a specific amount or percentage or within a specific timeframe. We do not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting, legal advice or credit repair services. Our program is not available in all states; fees may vary by state. Some programs may be offered through The Law Firm of Higbee & Associates d/b/a Advantage Law. The use of debt resolution services will likely adversely affect your credit. You may be subject to collections or lawsuits by creditors or collectors. Your outstanding debt may increase from the accrual of fees and interest. Any amount of debt forgiven by your creditors may be subject to income tax. Clients may withdraw from the program at any time without penalty and receive all funds from their dedicated account, other than funds earned by the company or fees paid to third-party service providers, as may be applicable. Read and understand all program materials prior to enrolling. Certain types of debts are not eligible for enrollment. Some creditors are not eligible for enrollment because they do not negotiate with debt relief companies. To determine the offers you may be eligible for, Americor conducts a “soft credit pull.” This credit pull does not impact your credit score, creditworthiness, or ability to obtain credit from other sources. The soft pull is not a tradeline entry, it does not report against your score and will only take a few minutes.

Americor Funding, LLC (18200 Von Karman Ave, 6th Floor Irvine, CA 92612) is fully accredited by the Better Business Bureau (BBB), the American Fair Credit Council (AFCC), and the International Association of Professional Debt Arbitrators (IAPDA). CA Department of Financial Protection and Innovation (DFPI) License # 603K913.

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