answersLogoWhite

0

An exorbitant charge is the interest rate charged by just about every credit card company. Anywhere from 18 to 29 percent is usury. The banks do it all the time, and since they are joined at the hip with the politicians; it's perfectly legal.

User Avatar

Wiki User

13y ago

What else can I help you with?

Continue Learning about Finance

How much does payday cash loan charge for accepting a loan?

The rate that a payday loan business would charge is different between the individual businesses. Some have flat fees, whereas other businesses charge interest rates. Check around before accepting a pay day loan as some of the fees can be exorbitant.


How much does it cost to get a payday advance?

For a payday advance you usually have to pay a percentage of what is borrowed. The percentage is usually an exorbitant amount. I would think long and hard before getting one.


What institutions charge the highest interest rates on loans?

Typically, payday lenders and title loan companies charge the highest interest rates on loans. These institutions often target individuals with poor credit or those in urgent need of cash, leading to exorbitant fees and annual percentage rates (APRs) that can exceed 300%. Additionally, some subprime lenders may also impose high-interest rates on personal loans for those with limited credit history or poor credit scores. It's important for borrowers to carefully consider the terms before engaging with such lenders.


Where can one find adverse credit mortgage brokers?

Finding a mortgage broker for one with bad credit is no easy task. Besides waiting for one's credit score to raise, the best option is to work through the Federal Housing Administration or FHA. Not only will the FHA offer a better deal (other mortgage brokers will charge exorbitant down payments or interest) but they will offer a 30 year fixed rate loan at low cost.


What does usurious mean?

1. practicing usury; charging illegal or exorbitant rates ofinterest for the use of money: a usurious moneylender.2. constituting or characterized by usury: usurious rates of interest; a usurious loan.