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Default Interest

    0.01 sec.
Default interest
A higher interest rate payable after default.

Default Interest
The higher interest that a borrower must pay after default. If a borrower defaults on a loan, he/she must pay default interest in order to compensate a lender for the added risk of extending credit to him/her.


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Mallegni used "unscrupulous" tactics to ensnare a borrower into a cycle of ever-increasing default interest and late fees, issued the writ of attachment Tuesday.
Consumers should understand the default interest rates which will be applied after the low interest period has passed and determine if a great low introductory offer is better than a lower interest rate that won''t jump in a few months.
49 million principal balance, $962,868 in interest, default interest of $1.
 
 
 
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