My wife has an autoloan with Bank of America. They recently knocked up her %26quot;fixed%26quot; interest rate. Can they do this? What is the point of fixed if they can change it when they feel like it?
Fixed interest rates change??secured loan
the only way they could do this is if the loan was defaulted
Fixed interest rates change?? loan
Are you sure she%26#039;s not at some kind of default rate?
You need to read her contract. it would be in the fine print.|||Naw that doesnt sound right, you need to check that contract again and read the fine print, otherwise schedule an appointment with someone at Bank of America.|||could just be a promo rate ... default to a higher fixed rate
read the fine prints
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