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What are people that are unlicensed lenders who charge illegal rates called?
Wiki User
∙ 13y ago
Loan sharks. If they've a license, it's a payday loan, advance check cashing or sub-prime credit card company.
Wiki User
∙ 13y ago
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What is the maximum a unlicensed contractor can charge in Arizona?
What is the maximum amount an unlicensed contractor can charge in Arizona
What do you called a charge borrowers pay to lenders?
Interest, late fee, returned check charge...
Payday lenders can charge up to how much interest?
payday lenders can charge up to what interest
How much can payday lenders can charge up to in interest?
payday lenders can charge up to what interest
What is the average charge for unlicensed babysitter?
It depends. I charge $3 for each child.
Why do lenders charge interest?
To make money.
How much maximum can an unlicensed contractor charge in Calif?
500.00 total per job.
When financial institutions lend money they charge borrowers?
The banks or lenders charge interest. The amount depends on your credit.
Would it be illegal to offer your skills as a lockpick to allow people into there homes?
In some states yes. It's illegal to practice as a locksmith without a license in some states, regardless of the method. In some states it's also illegal for an unlicensed locksmith to charge clients money for entry into a home via lock picking. Check with your local State government for more details.
What rates are typically charged by payday lenders for a loan?
Payday lenders charge unusually high rates for loans. Many of these companies are not governed by the same laws as banks and credit unions. They typically charge around twenty percent interest on their loans.
How can you lower your finance charge after a bankruptcy?
That is part of the problem of using the bankruptcy laws. Afterward, lenders consider you to be a high risk and as such charge you more for a loan.
Can you charge interest on interest in the sate of MA Someone is sending me a bill with an interest charge on it and now theyre charging interest on the interest Is this possible or even legal?
no, its called usury and its illegal
