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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.

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11y ago

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Which will have a higher effective interest rate a payday loan for 2300 due in 15 days with a fee of 120 or a payday loan for 2300 due in 13 days with a fee of 120?

To determine the effective interest rate, you can calculate the fee as a percentage of the loan amount and annualize it based on the loan duration. For the first loan, the fee of $120 on a $2300 loan over 15 days results in a higher effective interest rate compared to the second loan with the same fee but a shorter duration of 13 days. Since the second loan has a shorter repayment period, it will yield a higher effective interest rate when annualized. Therefore, the payday loan due in 13 days will have a higher effective interest rate.


What to notify DMV after 5 days?

When selling your vehicle.


You must notify dmv within 5 days?

yes


How long after you sell your vehicle should you notify the dmv?

10 days


How many days does a towing company have to notify owner of recovery of stolen vehicle?

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How many days does the government have from receipt of an invoice to notify the contractor if it is improper?

15


What is the exact and ordinary interest computation?

t= numbers of days ordinary interest= Pr no. of days/ 360 days exact interest= Pr no. of days/ 365 days


You must notify DMV within 5 days if you?

Sell or transfer your vehicle.


How many days do you have to notify the credit card company of a fraudulent charge?

45


Can a dealer make you resign loan papers if they say they made a mistake?

You should consult a local attorney, because laws vary from state to state. In California, for instance, a dealer has a certain amount of time (a couple of days) to notify a buyer if a loan does not go through for some reason and instruct the buyer to either return the car or sign new paperwork for a different loan. If the dealer does not notify the buyer within that time period, then according to law the dealer must honor the terms of the loan as originally stated, self-financing if necessary. However, in practice, the dealer may decide to reposess the car anyway and hope you don't sue, so unless you got a really good deal on the car originally, it's probably not worth the hassle.


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