Review Loan Agreement in California for Business (2024)
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Loan Agreement
California
Business
Business
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5 pages
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Loan Agreement
Florida
Can a lender increase the interest rate on a loan after the loan agreement has been signed?
I recently signed a loan agreement with a lender for a personal loan. The agreement clearly states the interest rate that I will be charged for the duration of the loan. However, I have recently received a notification from the lender stating that they are increasing the interest rate due to changes in the market. I am confused and concerned about whether this is legal, as I believe the terms of the loan agreement should be binding. I would like to know if the lender has the right to increase the interest rate after the loan agreement has been signed.
Diane D.
It depends on your policy. Interest rates for personal loans are either fixed or variable. The fixed rate remains constant throughout the loan. However, variable rates may be increased or decreased, based on market changes.
Loan Agreement
Pennsylvania
I need help getting my name off a car
My now ex and I went to get a car 7/5. He left with it 7/10. I don't know where he is or the car last I heard he was locked up in florida.
Samuel R.
Is your name on the loan or title?