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Other Fields Homework Help Business Topic started by: GoodMad_ on Dec 1, 2016



Title: The add-on clause on a consumer loan
Post by: GoodMad_ on Dec 1, 2016
The add-on clause on a consumer loan
A) allows the creditor to add on additional interest when the market rate of interest rises.
B) allows you to add on additional loans at the existing rate on your current loans.
C) allows the lender to repossess all goods purchased with the original loan even though your total payments may have been enough to cover an earlier purchase.
D) allows you to extend the term of the loan by adding on additional installments.


Title: Re: The add-on clause on a consumer loan
Post by: imoyse on Dec 1, 2016
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Title: Re: The add-on clause on a consumer loan
Post by: GoodMad_ on Jan 12, 2017
I'll mark it solved, you deserve it