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Representative Rate versus Offered Rate
Comments
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Correct. The consequences are simply too great.0
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So many people seem to take refusal of the headline rate as a personal insult. There are many reasons for a bank to offer you a higher rate than the headline, the most obvious one being that they have already fulfilled their quota of 51% for the current month/quarter. So why would they go on offering the low rate to new applicants, whatever their credit score? (Which actually is meaningless - the banks use their own criteria which they don't reveal).I used to think that good grammar is important, but now I know that good wine is importanter.0
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