Posted on: 05th Oct, 2011 01:16 pm
i AM PAYING ON A PERSONAL LOAN WITH THE INTEREST RATE OF 51 PERCENT. IS THIS LEGAL? IF THIS IS NOT WHAT CAN I DO?
Hi J. BLANKS!
Welcome to forums!
Interest rate of 51%!! The interest rate seems to be too high... However, if you've signed and agreement to pay an interest rate of 51% on a personal loan, then you're liable to pay that. You may not be able to change the terms of the loan now.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
Interest rate of 51%!! The interest rate seems to be too high... However, if you've signed and agreement to pay an interest rate of 51% on a personal loan, then you're liable to pay that. You may not be able to change the terms of the loan now.
Feel free to ask if you've further queries.
Sussane
Hello blanks?
Usury laws provide that interest rates charged on any loan may not exceed 25% As high as the lender wishes it to be.
:idea:
Usury laws provide that interest rates charged on any loan may not exceed 25% As high as the lender wishes it to be.
:idea:
for god's sake if you have a loan at 50% interest get that thing consolidated asap. get an equity loan if you ahve to but get that bugger under control or it'll break you in no time.