...They didn’t stop anyone from charging her 169% interest on a loan either...
I thought you could only get charged like this if you went to loan sharks or some 'underground' or informal lender. Is it actually legal for a government registered entity to charge such a high interest rate?
Individual states have loan caps and limits, as pointed out below though it's probably the effective rate after interest and fees.
It's sick, sad, and understandable. The reason people on the right are frustrated are similar to the reasons people on the left are frustrated. At the root, people want security and safety for their families. If everyone would stop, take deep breaths, and peel back all of their anger, we could start building off common goals, slowly educating each other to our trials and tribulations, and maybe find common ground on other issues.
We all would agree this is outrageous in fees right here. It's a good start.
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[ 2.6 ms ] story [ 71.8 ms ] thread...They didn’t stop anyone from charging her 169% interest on a loan either...
I thought you could only get charged like this if you went to loan sharks or some 'underground' or informal lender. Is it actually legal for a government registered entity to charge such a high interest rate?
It's sick, sad, and understandable. The reason people on the right are frustrated are similar to the reasons people on the left are frustrated. At the root, people want security and safety for their families. If everyone would stop, take deep breaths, and peel back all of their anger, we could start building off common goals, slowly educating each other to our trials and tribulations, and maybe find common ground on other issues.
We all would agree this is outrageous in fees right here. It's a good start.