Ask Question
11 March, 17:51

Three examples of when interest rates are bad for you

+5
Answers (1)
  1. 11 March, 18:04
    0
    Below you will find three examples of when the interest rate is bad for you:

    Credit cards interest rate Overdraft interest rate Default or late payment interest rate

    Explanation:

    1. Credit cards interest rate: When you purchase a good or service with your credit card you must pay the price of it plus an interest rate.

    2. Overdraft interest rate: When you are overdraft in your current account you must pay an interest rate for the mount overdrawn

    3. Default or late payment interest rate: When you make a late payment or fail to pay an installment in your credit you must pay a fee calculated in an additional interest rate,
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Three examples of when interest rates are bad for you ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers