 One of my creditors i suing me. What can they do to me and can I protect myself? |
| I received a letter at home yesterday informing me that one of my creditors is suing me. I'm 21 and a full time college student who lives 3 hours away from home, which is where the case is. T... |
|
 What is a good zero percent credit card? |
| I am looking for a good credit card that offers an extended period of zero percent interest.... |
|
 A friend is leaving the country for Spain to start a new life....? |
| thing is he's not intending to settle his CC, loan etc. debts before going. According to him no one will bother tracing him for the debts, I've heard different and that the debts are sold ... |
|
 Written asked not to contact me at work and still do? |
| I have missed 1 1/2 payments on my car lease agreement. I intend on doing a voluntary repo at the end of the month. However, I have given a written request for them not to contact me at work and ... |
|
 Can I get financing to buy a house without having a job? |
| My husband has a full time job in the military but we need the home loan for to go on my credit because his credit is taken up. I am a stay at home mom without a job.... |
|
 How can I report a person who won't pay their debts to the credit bureau? |
| a man owes me a large sum of money & won't pay. How can I get this to show up on his credit report?... |
|
 HELP! husband has garnishment judgement against him!? |
| While visiting my "lovely" in-laws this evening my MIL gave me some mail of my husbands that she had "forgot" about. Amongst it was a court summons from over a year ago in which ... |
|
 Is it legal for medical bills to go on your credit record? PLEASE HELP!!? |
| Is it legal for medical bills to go on your credit report? someone said it wasnt because of privacy but i have some on mine from an accident i was in last year... if its not legal how do i get them ... |
|
 Has anyone received their Stimulus check via direct deposit? |
| I got my hopes up when I heard ALL direct deposits will be done May 2nd. Is it rumor or speculation? IRS doesn't seem to have updated information but some financial webcites are stating a new ... |
|
 A collection is deleted from my credit report, do I still have to pay them? |
| I made a settlement with a collection company, I did some research on the web and decided to dispute them on my credit bureau, 30 days later the credit bureau deleted the collection account from my ... |
|
 Can creditors still come after you even if the 7 years are up? |
| I was stupid when i was young and messed up my credit. My 7 years went by and now my credit is good, but today I got a suprise letter from a collector about $500 dollars I owe from 1998? I just ... |
|
 Credit ratings? |
| I have excellent payment histories on my rent, my car (a lease), and am generally good with my finances. I don't carry any debt outside of my reasonable student loan. I only have one credit card ... |
|
 I have a credit score of 656 (experian) can I buy a home with this? |
LOCATION: HOUSTON, TX
NEW HOME NO MORE THAN 100K
I HAD SOME LATE PAYMENTS AND CHARGED OFFS THAT I AM TAKING CARE OF.... |
|
 Will it affect my credit score if the mortgage is paid late? |
| SOMEONE TOLD ME IT DOESNT AFFECT IT UNLESS IT IS 31 DAYS PAST. SOMEONE TOLD ME IT AFFECTS EVEN IF ITS 1 DAY PAST.... |
|
 This might seem like a daft question,but i get really annoyed because as soon as im late paying my credit? |
| card,i have the bank phoning me,even at 10 am on a sunday,its so frustrating,does anyone else get that problem?... |
|
 How much will banks typically loan out to someone with no credit? |
| I just turned 18 and I want to build my credit. I have decided that taking out a loan would be the best way to do this. If you have other suggestions, go ahead and try to change my mind! =)... |
|
|  |
kishore_kadam23 | What is variable interest rate? |
|
 |
 
maxfr8
 |
variable interest rate: A variable interest rate is based on fluctuating rates in the banking system, such as the prime rate. For example, if on January 1, the prime rate was 6 percent and your credit card's variable rate formula was the prime rate plus 9.9 percent, your interest rate would be 15.9 percent (see prime rate).
prime rate: The interest rate banks charge for loans to their biggest and highest-rated customers. The prime rate changes based on the demand for money and the rate the U.S. Federal Reserve Bank charges to its member banks. It is used as a major economic indicator. |
|
Ricky
|
It means that the lending agency has the right to increase the interest rate at anytime without your agreement throughout the life of the loan. They base it on "economic conditions" but its normally because some new tax or new law hit them, so to get back thier money they hit the borrowers. If your agency offers fixed interest rates, then choose that, it may look higher but if your loan is something like a morgage or something else expected to last at least 5 years, then it'll be cheaper in the long run. There is the VERY VERY rare case where the interest rate actually falls but that almost never happens so don't gamble on it. |
|
Luke
|
In plain English it is the "rip off rate" as a percentage that some one in the financial world finds an excuse to charge you for some form of service. The bigger the excuse they can find then the higher the % interest rate they shall charge you. |
|
Lady Death
 |
Something you don't want... |
|
Old Wise One
|
A variable intersest rate on a house loan is an interest that fluctuates with the market or other indicators, I wouldn't recommend it because it makes your house payments fluctuate and you never know quite how much principal your getting payed off per month. |
|
pm_arrow
|
Interest rate which varies on the basis of demand and supply on daily basis. For eg. LIBOR - london inter-bank operating rate. This rate is variable. It is decided by banks in london on the basis of daily landing and borrowing intra bank. Hence the rate which is decided on the basis of market forces (which are demand - supply) can be summerised in short to be vairable interest rate. |
|
iamatrapstar
 |
it is not something i know |
|
northnicn
|
It changes.
10% one month 0.5% the next. Avoid it like the plauge on credit cards loans etc.
Extra-----
Fixed interest might look like more to start with, but fixed interest is fixed, you know what you're getting from the start. Variable can and more than likely will change, which means you can't make any definate financial plans. |
|
DARNA
|
Variable interest rate is a way of computing the interest rate either for a loan or purchases made on credits. The percentage varies. It depends on where the loan is made and what kind of loan it is. The interest rate is dependent on where the loan is secured. It also depends on the purpose of the loan. It is the lender who dictates the interest rate. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
7 | 35 minutes(s) ago
| | | |
9 | 1 hour(s) ago
| | | |
9 | 4 hour(s) ago
| | | |
9 | 7 hour(s) ago
| | | |
9 | 2 day(s) ago
| | | |
8 | 5 day(s) ago
| | | |
9 | 2 week(s) ago
| | | |
9 | 1 month(s) ago
| | | |
9 | 6 month(s) ago
| | | |
9 | 9 month(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
