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When your car gets repossessed and you get a co signer they want you to sign a contract can they raise the interest rate?
Wiki User
∙ 16y ago
Absolutely! The reason the auto was repossessed in the first place was that the original loan contract was violated - the payments were not paid when due. When the new loan with the co-signer is initiated, the interest rate is adjusted commensurate with whatever the current rate is. When a person is consistently late with payments, they become at risk with any loaning agency. Being a higher risk only ensures your interest rate will always be higher. The only way to reduce that risky interest rate is to conistently pay ALL your bills on time, and never miss any payments, and do this for, say, two years. Missing just one month can wreak havoc with your credit rating for many years in the future. It's just not worth it to not pay.
Wiki User
∙ 16y ago
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When inflation becomes a problem what action will fed likely take with regard to interest rates?
when inflation becomes a problem the action the fed will RAISE INTEREST to slow the economy down a little.
What is the best way for a banker to raise interest rates without the knowledge of the public?
it is currently illegal for banks to raise interest without a full authentic notification for the consumer under the dodd-frank act in 2013. To do so would be very hard to near impossible. The only way a bank could raise interest would be a permanent change to all the consumers contract, on both interest rates and fee's. The bank then could have a well hidden statement of the policy however, the consumer would know through any billing statement. By doing this would lose the bank a large amount of costumers.
Do leg muscles contract to enable you to raise your foot?
yes
Who promised to raise moral standards in congress using the contract with America on 1994?
Who promised to raise moral standards in Congress using the Contract with America in 1994?
Why Puerto Ricans came to Hawaii?
To raise sugar cane as contract laborers.
Does a co signer have the right to borrow against and raise the amount of your line of credit?
A cosigner can only raise a line of credit on a home mortgage if both borrowers sign. Borrower and co borrower. It cannot be done by only one.
What fiscal policy action would cause the economy to contract?
Policies that raise taxes tend to contract the economy. In addition, policies that cause the government to do less spending contract the economy.
What do interest groups establish to raise money for political campaigns?
Campaign financing is used by interest groups to raise money for political campaigns. Financing campaigns can be done at the federal, state, or local level.
Can your landlord raise your rent if you're on workman'scompensation?
More than likely yes. It all depend on the contract / renter agreement you signed. If the contract reads that the landlord can raise the rent at any given time then yes.If the contract reads the landlord can raise rent at the end of a lease term (for example 6 months.) then also yes.Unless the agreement states the landlord cannot raise rent 1. during a lease period, or 2. at all then he can raise it regardless of your income situation.You may try and talk to your landlord and explain the situation and they might have some compassion for your situation.
Why do you think credit card companies raise interest rates?
Not for devious promos
Increased membership in interest groups allows the organization to?
raise more money.
Which type of interest group would most likely be concerned if the government was going to raise taxes on corporations?
business interest group
