How is the Lowest Unique Bid Determined?
The “Lowest Unique Bid” can be the amount of interest close to or lower than the prevailing current interest rate. The amount lower than and even in some cases equal to or possibly higher than the current interest rate where no other bidder has bid the same amount of interest is considered the “Lowest Unique Bid”. Overall, remember that it is the marketplace monetary value of your credit history, credit and credit score, that will determine the interest rate bid offer. It is your right as a consumer to accept or reject the final bid.
