Capital One Interest Rate Issue

Dec 192010
 

So my Capital One card has been in penalty APR (29.40%) for a LONG time now…over a year at least, but I just realized it should be a temporary thing and not permanent. According to info on this site, 6 months from after the last late payment it should revert back to normal APR…is this correct?

 

I wrote a letter to Capital One asking them to switch it back to the normal APR, which i cant even remember what it was at this point, but they just sent me a letter back saying they are "currently unable to lower the APR’s on their products."

 

Anyway, I happened to just be bored and clicked the balance transfer offer link on my Capital One account main screen and it said if I did transfer balance to my Capital One card it would be subject to my "existing purchase rate APR of 14.8%"….

 

Does this mean that this is my APR currently and its been switched from the 29.40% and I just havent noticed because I havent gotten the latest statement with the new interest rate on it?

 

 

 

 

 

Credit
byfsse8info

What student loan company has the lowest interest rate?

Oct 262010
 

What student loan company has the lowest interest rate?
I currently have a nelly mae loan(sallie mae) and they are way too high. Whats a good loan company for me to look at for next school year? PLEASE ONLY ANSWER IF YOU ACTUALLY HAVE TAKEN OUT A LOAN WITH THE PLACES YOU RECOMMEND.

Best answer:

Answer by Found-1
Federal loans are regulated by the government so all the rates are the same no matter what bank you take the loan from. Perkins loans are 5%. Stafford Loans are 6.8% and some of them the government pays the interest while you are in school. I’d stay away from any Private student loans, they are EVIL!
Good luck

What do you think? Answer below!

What are all mortgages loans for first time buyer? What is the current interest rate on mortgages loan?

Oct 232010
 

What are all mortgages loans for first time buyer? What is the current interest rate on mortgages loan?
I am looking for some personal experience from the first time buyer.
Where is the best place to get mortgages loan?

Is there a federal mortgage loan?
I am looking to buy in the next few months and I need some one to guide me on loan and everything about home buying for the first time.

Best answer:

Answer by MadMan
There are no specific loans for first time buyers. There are no federal mortgage loans as such. There are loans backed by the FHA. See the Fannie Mae or Freddie Mac websites for guides to home buying.

Add your own answer in the comments!

Can a first mortgage be refinanced to a lower rate if there is also an existing second mortgage?

Oct 082010
 

Question by cookingmomma: Can a first mortgage be refinanced to a lower rate if there is also an existing second mortgage?
If a homeowner has a first mortgage and a second mortgage, and would like to refinance the first mortgage at different terms, can this be accomplished – does the existing second mortgage put a monkey-wrench in refinancing the first?

Best answer:

Answer by Tim
Normally you roll them both together. You can get better rates on a 1st than a 2nd.

Know better? Leave your own answer in the comments!

Email Addy’s

Sep 122010
 

If anyone one could please help me out I would greatly appreciate it.  I was wondering if any one had email addy;s for the following.  If you have higher ups or ones that worked, at this rate any will do.  I have tried a few with letters and a few addy;s that I had but not getting anywhere.  Thanks so much again.  If you can please pm me.

 

Applied Bank

HSBC

Credit One Bank

First Premier Bank

 

I mostly need to send GW letters and 1 PFD.  Thanks again to anyone that can help out.

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Renting house / Rental insurance and mortgage rate question.?

Mar 222010
 

I have one in Florida (seasonal property, a house), I would rent. When I turn on my insurance, rental insurance, they informed me or my bank loan to do what I do? The bank regularly mymort. Rate, as will now be considered as an investment property? How does it work? What steps should I take with my bank and life insurance company? Thanks for your help!

Can i get a reduction in my mortgage interest rate, if my monthly payments is more than 31% of my income?

Mar 072010
 


I recently listened to Suze Orman on display, if the mortgage, insurance and property taxes, over 31% of your income, you can ask your bank to cut interest rates. This is true, if there is no gain?

I am trying to refi my adjustable rate mortgage. Am I eligible for an FHA mortgage?

Mar 062010
 


Unfortunately, I have about 78% of the loan value, because of my low rating, I will not pay for the insurance of the loan. Can I make a Federation of it? Now I’m on my payments, so that the $ 40K years living in Colorado.

Are Mortgage Companies allowed to give an Adjustable Rate Mortgage(ARM) to lenders of a certain age?

Mar 062010
 


I know that some forbidden by law to give a certain age, people over ARM mortgages. I am 54 years, are now grappling with this report. I was told I can use to convince me, and I loans to reduce interest rates, or to move my fixed interest rate. This is true?

Co-op launches fixed rate

Mar 052010
 

Wen Warns of Bank Risks, Pledges Property Crackdown (Update2)
March 5 (Bloomberg) — Premier Wen Jiabao warned of “latent risk” in China’s banks and pledged to crack down on property speculation as the government faces the consequences of flooding the economy with money to drive growth.

Read more on Bloomberg

Wen Warns of Bank Risks, Pledges Property Crackdown (Update2)
March 5 (Bloomberg) — Premier Wen Jiabao warned of “latent risk” in China’s banks and pledged to crack down on property speculation as the government faces the consequences of flooding the economy with money to drive growth.

Read more on Bloomberg

Credit Union Rule Change Challenges Bank Dominance in Canada
March 5 (Bloomberg) — Canada’s credit unions may challenge lenders such as Royal Bank of Canada and Bank of Montreal after Prime Minister Stephen Harper proposed changes allowing them to expand across the country.

Read more on Bloomberg

Co-op launches fixed rate
The Co-operative Financial Services (CFS) has added a new two-year fixed-rate mortgage to its product range, which will be available through both The Co-operative Bank and Britannia.

Read more on Mortgage Introducer

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