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Do you have to pay a higher interest rate other than the one on contract?
Wiki User
∙ 14y ago
Depends if the terms of the contract allows the interest rate to be changed.
Wiki User
∙ 14y ago
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How many days does a car dealer have to notify you of higher interest rate?
Every car loan contract is required to specify if the original interest rate can be raised. If the interest rate can be race the contract should specify the amount of time they have to notify the contract participants.
Can collection agencies double your interest rate?
Read the contract. If the contract says they can...
Who determines the rate of interest paid on a bond?
Bonds have a predetermined rate of interest called the stated or contract rate, which is established by the board of directors.
Does a credit union have a higher interest rate than a bank?
They do usually have a higher interest rate, but it's only about .25 to .50 percent higher.
What are the contract rate and the market rate for bonds?
Contract rate is known as a coupon rate (because older securities actually had coupons that were clipped and sent to paying banks for periodic interest). It is the fixed rate of interest for which a particular bond was issued. Market rate is actually known as yield (prevailing interest rate for new bonds) and yields change with prevailing interest rates. Yields are closely aligned with prevailing interest rates.
Suppose a borrower and lender agree on the nominal interest rate to be paid on a loan and the inflation turns out to be higher than they expected Is the real interest rate on this loan higher?
the real interest rate equals nominal interest rate minus inflation rate. In the situation the inflation rate increase and the nominal interest rate remains unchanged, therefore the real interest rate must decrease.
Is LIBOR normally higher or lower than the US prime interest rate?
It is normally higher than the US prime interest rate.
What is the interest rate on loan?
Interest rates are based solely on the severity of your credit. Good credit = low interest rate. Bad credit = higher interest rate.
Will you earn a higher interest rate with a variable annuity than with a fixed annuity?
Yes, you do earn a higher interest rate with a variable annuity than with a fixed annuity. It depends on what kind of interest rate you have at the moment.
Is it better to have a higher the interest rate on a credit card the better that is for the card holder?
No. Using a credit card usually involves borrowing money and you want the lowest interest rate you can get. On the other hand, when saving money you want the highest interest rate.
What is considered Usurious Interest rate?
It is a rate of interest that is deemed abusive or criminal in that it is wholly unreasonable / excessive. The court can nullify a contract on this basis.
What is an advantage of having an interest rate credit card?
The advantages of having a credit card with an interest rate is it helps build one's credit faster. The higher the interest rate of the credit card, the higher the credit score.
