Well, the rate on an auto or home loan is fixed by the contract, silly!
Or else it is specifically bound by the contract to whatever
increases that are in the contract. Just like the rate on your credit
card is variable according to the contract you signed when you applied.
You DID read what you agreed to, didn't you? If you didn't agree with
it, why did you sign the application?

BTW, in fact I do not have ANY debt outstanding. It's fun to tell that
to people calling offering re-financing. I'm not rich (except in
name)... just frugal.

And frankly, I don't care whether I impress you. Frankly, you don't
impress me, much.

Rich


RS wrote:

What would you do if they hiked the APR on your auto or home loan just
because they felt like it, even if you had a perfect payment history? Well,
that's what the credit card companys are doing now - they are changing the
rules mid-stream. Credit is credit - regardless what it is for. You guys on
your high moral horses about paying credit cards off every month do not
impress me (unless you have zero credit - no home, auto, commercial loans at
all).