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How can lenders set interest rates to the funds?

How can lenders set interest rates to the funds?

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For some consumers, the standards one influence an excellent bank’s rate of interest was a puzzle. How come a financial determine what interest rate in order to charge? Why does they costs more rates of interest to different people? And why does the lending company fees large rates for most versions out of money, eg charge card loans, than for car and truck loans otherwise mortgage fund? Continue reading “How can lenders set interest rates to the funds?”