I took out a loan for a totat of 5000$ at 5.99 % interest, missed one payment, and am now being charged 32.3%.
read the fine print. They are loaning you money, they can set the terms however they want. They should, however be required to be more open about this.
Most people know that when you get a card with a low rate, this is how they work.
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read the fine print. They are loaning you money, they can set the terms however they want. They should, however be required to be more open about this.
Most people know that when you get a card with a low rate, this is how they work.
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Fine print and greed.
I’m sure somewhere in the huge set of fine print that comes with your loan there was a fee/penalty that could be exercised on the event of aa late payment or a missed payment.
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This is usually in your terms when you sign. Being late or missing a payment usually results in a "penalty rate" being applied. That is, 20-30% in most cases!
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read FINE PRINT that is where the snakes state how you get the legal shafting.
visit daveramsey.com to leanr what bankers credit slave cards pray you never ever learn or worse APPLY. when playing snakes expect to get BITTEN.
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U of H Knocks