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Usury laws provide that interest rates charged on any loan may not exceed 25% As high as the lender wishes it to be.
The highest interest rates charged for consumer credit are the Pay Day loans, which if rolled over can end up at a 400% interest rate. Pay Day loans are outlawed in some states such as North Carolina. The next highest are the Rent to Own store plans which often end up doubling the cost of an item through the accumulated interest charges.
I am trying to find the answer to this question because I am getting charged over 90% interest by cash call, and I don't think this is at all legal!!!
The absolute highest cd interest rates is about 10%
In Florida, the highest interest rate that may be charged by a finance company for loans under $500,000 is 18% per annum. Be cautious, however, because there are no limits on the amount of fees that may be charged for the application or origination of the loan.
Cumulative interest or return yields the highest amount of growth
The highest interest of savings account offers online banks. Richard Barrington Contributer for instance gives chances of finding the highest interest rate for your savings.
$100 is the highest denomination of US dollars currently in use
According to the website, Money Rate, the bank that provides the highest interest rates on online savings accounts for less than 10,000 dollars is Ally Bank with a rating of 1%.
what is the highest interest rate a car dealer can charge on an auto loan in sc?
The interest rate, no doubt, was the highest in the past ten years in the year 2008, when the housing market crashed. Before that, mortgage interest rates were highest in the mid 1980's.
Karnataka bank in india has highest interest in savings account. For the amount kept between 7 to 45days you get 4.5% as interest