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Are interest rates high when unemployed people take out a loan?
Wiki User
∙ 12y ago
It depends on how your credit rating is, or what your income is. If they consider you a high risk, you may not get a good interest rate. When you are unemployed, you may be considered a high risk.
Wiki User
∙ 12y ago
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What is the benefit of fixed deposit interest rates?
Fixed deposit interest rates is a guaranteed interest rate for the entire term of an investment. They allow for the customer to earn high interest rates.
Why do cash advances have such a high interest rate?
Cash advances mostly have high interest rates because they can. They prey on people who need money in a hurry and don't have any other lower-interest options.
How do financial institutions calculate interest rates?
Financial institutions base their interest rates on fluctuation of today's market. If the market is doing well then interest rates are high. If the market is down, interest rates goes down along with it.
Do used car loans have high interest rates?
Whether your used car loan has a high interest rate depends on who you talk to or ask. Although, yes, used car loans have medium to high interest rates.
What role do interest rates lay in mounting consumer debt?
High interest rates play a role in mounting consumer debt. When interest rates are high, more of a person's payment is being applied to interest versus principal. Because of this, it takes the consumer longer to payoff their debt.
How do interest rates affect people's purchasing decisions?
High interest rates increase the cost on the ability to buy a house or a car.
Are there any type of low interest loans available for the unemployed?
Every lender or financial institution is is going to inquire about your past credit history. People with low FICO scores can expect high interest rates as a result of the added risks banks are taking on for financing high risk unsecured personal loans.
Consumers should be concerned about high interest rates because high interest rates?
High interest rates increase the cost of taking out a loan, making credit purchases more expensive.
How relatively high interest rates affect currency values?
What is important is not high interest rates but high real interest rates: that is, interest rates adjusted for inflation.If a currency has high real interest rates, foreign investors will want to buy into that currency. The increased demand will push up the price of that currency relative to other currencies and so its exchange rate will "improve".
Where can I find interest rates for a high certificate of deposit?
Interest rates are printed daily in the newspaper.
Impact of recession?
high interest rates such as the repo rates and high inflation rate
When you are earning interest is it better to have high or low rates?
High rates.However, high interest rates are usually a consequence of high inflation rates and so what matters is not the interest rate but the real interest rate which is the nominal interest rate relative to the inflation rate.Thus a 3% interest rate when inflation is 1% is better that a 5% interest rate when inflation is 4%.
How do changes in interest rates affect money supply?
When the interest rates are high, people would prefer to save than holding money. That means money supply in the economy is decreased. Whereas when the interest rates are low people prefer to hold money and spend, means increased money supply in the economy.
Cash advance loans rip you off with high interest rates.?
Cash advance loans rip you off with high interest rates.
What is the benefit of fixed deposit interest rates?
Fixed deposit interest rates is a guaranteed interest rate for the entire term of an investment. They allow for the customer to earn high interest rates.
Where can I find out about a high interest CD?
There are no high CD interest rates in today's society. To get the best rates for investing in CDs, I would check some news articles or look into High-Yield CD rates.
Why do cash advances have such a high interest rate?
Cash advances mostly have high interest rates because they can. They prey on people who need money in a hurry and don't have any other lower-interest options.
