What effects will a high or low interest rate have on annuities?
Mo c asked:
Say an interest rate of 5.5% and 7.5%.
CHRISTINE
Say an interest rate of 5.5% and 7.5%.
CHRISTINE
Archive for October, 2008
What are the pros and cons of paying a high interest rate on a car?
charburt8 asked:
My husband and I don’t have really high credit scores (both actually 641 & 640), we found a car we like a pre-owned Tahoe with only 16,000 miles but the sales guy says our interest rate will be like 13%! I told my husband no way that’s way too high. He says it’s not that big a deal because we were initially willing to 40k for a new car but found this pre owned one in great condition for only 19k. His thought is that the more we pay because of the high interest is just like if we were to have bought the more expensive car. My question is, is he right? What are the pros and cons of the higher interest rate?
I don’t understand why the interest rate would be soo high. I financed the car I have now in 2006 with a lower credit score for 72 months @ 5.9%???
ELIZABETH
My husband and I don’t have really high credit scores (both actually 641 & 640), we found a car we like a pre-owned Tahoe with only 16,000 miles but the sales guy says our interest rate will be like 13%! I told my husband no way that’s way too high. He says it’s not that big a deal because we were initially willing to 40k for a new car but found this pre owned one in great condition for only 19k. His thought is that the more we pay because of the high interest is just like if we were to have bought the more expensive car. My question is, is he right? What are the pros and cons of the higher interest rate?
I don’t understand why the interest rate would be soo high. I financed the car I have now in 2006 with a lower credit score for 72 months @ 5.9%???
ELIZABETH
What is the best bank in NJ that has the highest interest rate for cd deposits?
jema asked:
I live in essex county and I’m currently looking for a bank with the highest interest rate.
DOROTHY
I live in essex county and I’m currently looking for a bank with the highest interest rate.
DOROTHY
Can you contact your credit cards and ask for a better interest rate?
Cookie On My Mind asked:
We’ve been paying our bills on time for the past few months and have raised our credit score a great deal. Can I call the cards that have a high interest rate and see if they can lower them? Or will they not do that? Thanks.
GEORGE
We’ve been paying our bills on time for the past few months and have raised our credit score a great deal. Can I call the cards that have a high interest rate and see if they can lower them? Or will they not do that? Thanks.
GEORGE
Do you cancel a card that has been paid off especially if it has a high interest rate?
Danni asked:
example: to pay off credit card you should payoff the one with the highest interest rate. This advice was on Yahoo finacial page, but it did not say what to do with the card after it was paid off. I heard if you cancel the credit cards your credit score is lowered. So what do you do with the card?
TIMOTHY
example: to pay off credit card you should payoff the one with the highest interest rate. This advice was on Yahoo finacial page, but it did not say what to do with the card after it was paid off. I heard if you cancel the credit cards your credit score is lowered. So what do you do with the card?
TIMOTHY