variable interest rate ?

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robbo201

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Post by robbo201 » Fri Oct 17, 2008 5:55 pm
when you take a secured loan out on your property,if the interest rate is variable, what is stoppping the company charging what ever % they want?
 
 

plasticdaft

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Post by plasticdaft » Fri Oct 17, 2008 5:56 pm
Not a great deal I am afraid. What company is the loan with??
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
 
 

jane.l

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Post by jane.l » Fri Oct 17, 2008 7:03 pm
our downfall was taking on a secured loan, the interest rate just kept on rising and we could not afford the ever rising payments and so we lost our house
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