Posted on: 13th Sep, 2012 03:26 pm
my husband bought a truck in idaho with an interest rate at 29% when i asked the qoner what the max interest rate was he said there wasnt one. is this true??
Look up Ursury laws in your state. There should be a cap, but 20% is the highest I have seen for Autos in CA.
Hi ambee!
Welcome to forums!
As per the Usury laws of Idaho, the legal rate of interest is 12%. Judgments bear interest at the rate of 5% above the U.S. Treasury Securities rate. To know more, you can check out the given page: “http://www.usurylaw.com/state/idaho.phpâ€
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
As per the Usury laws of Idaho, the legal rate of interest is 12%. Judgments bear interest at the rate of 5% above the U.S. Treasury Securities rate. To know more, you can check out the given page: “http://www.usurylaw.com/state/idaho.phpâ€
Feel free to ask if you've further queries.
Sussane
