GRAZIADIO IN THE NEWS
“If their credit line gets cut or interest rates rise unexpectedly, I think that is pretty telling [that you need to change banks],” Entrepreneur.com quoted Professor John Paglia.
Whether you’re securing a loan or line of credit, be sure to read all of the fine print, keeping an eagle eye for language suggesting the bank can change your loan terms based on “changing market risk,” or other vagaries, Paglia warns.
This story also was published by Yahoo! Finance Australia and Yahoo! Canada.
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