Greetings friends!  TGIF!!!  I have spent the majority of my time today with a class full of rambunctious 3rd graders.  Needless to say, it’s been a very interesting one.  But now I have a quick little Q & A that I would like for you to participate in.  Let me give you the details.

Over the next few days here on Personal Finance Notebook, I’ll be exploring the topic of “interest rates” and why they are low for some and extremely high for others.  I know we all want to default to the fact that those who get stuck with the high rates are the one’s that don’t pay their bills, but there are additional factors to consider as well.

I’ve identified a few reasons that I’ll be communicating later, but I do want to open the floor for everyone to list their own.  This is a community of learning and  sharing any ideas related to Personal Finance.

I would like to use a few quotes from your comments so be sure to include your name and web address (if you have one) in the appropriate areas of the comment section.

So, here’s the question again:  “Why Do You Think We Pay High Interest Rates?” – You may give specific factors used to determine a consumers interest rate.  Keep this in mind:  You can have an excellent pay history and still be offered a crappy rate.  Why?

No answer is too simple or too complicated.   I look forward to reading what you have to say about the subject and sharing my ideas within the next week or so.  Be sure you are subscribed to Personal Finance Notebook by RSS or Email to receive the articles posted in the coming series.

Thank you in advance for participating!

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If you have a financial question you would like answered in the “Ask Personal Finance Notebook…” Series, please feel free to do so by clicking on this link: “Ask A Question”.  Education and knowledge about money is power so don’t forget to pass this message on to your friends.  I appreciate you for your support and I send you lots of love!