For four years?" Romney described this as "a very dangerous course, because, as you know, at some point the people who loan us all this money, if they get nervous that they're going to get repaid in dollars that might not be worth too much, they are going to ask for higher interest rates, and if that happens our budget is going to get overwhelmed by high interest costs.
You can also ask for any interest and charges to be frozen.
Jane borrows $1m for a year from a group of 100 lenders ($10,000 from each), who ask for 10% interest (assume default risk is mitigated by Jane through adequate collateral).
If that doesn't work ask for an interest-free loan from them to help you through the following few weeks.
-To help facilitate the process, we ask for students interested in playing a supporting role to fill out the application, to consolidate the information.
While it's mostly just a hassle for startups to figure out how much interest they have due upon conversion, Levy says occasionally there are investors who ask for a high interest rate.
While you're at it, ask for a lower interest rate, advises Robert Shireman, executive director of the Project on Student Debt.
What if, for instance, I ask for a controlling interest in Microsoft, but instead turn into a buck-toothed donkey or a remorseful oak tree?
And if you are planning to finance your purchase, lenders are likely to ask for a higher interest rate on a used car than a new one.JERRY GARRETT.
(Hint: If you plan to ask for a security interest in personal assets, make sure both husband and wife sign off. Spouses will make sure you get paid before they lose their house).
This makes good sense: If you wanted to loan someone money for one month, you would ask for a lower interest rate because you could get your principal back in one month.
