HOW IS THE INTEREST RATE COMPUTED ON DEBTS ARE

Submitted by nichols_ranch on Tue, 02/27/2007 - 22:24
Forums

DO YOU HAVE TO SIGN A CONTRACT BEFORE YOUR CREDITOR CAN CHARGE YOU INTEREST AND HOW IS THE RATE DECIDED

Hi nichols, welcome aboard :D

The rate depends on your credit history I believe. That's the reason people try to keep their credit report clean and credit score high! Are you applying for any credit card? Remember, hard inquiries can hurt your credit score, it's suggested to do your shopping within a short period of time so that all the inquiries are counted as 1.

Fri, 03/02/2007 - 07:23 Permalink