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Can a law firm charge interest that is more than the debt in new york city

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13y ago

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What is the maximum amount you can charge on a credit card?

Credit Limit


What is maximum amount you can charge on a credit is called?

your credit limit


The maximum amount you can charge on a credit card is called?

Credit Limit


What is the highest amount of cash loan available?

There does not appear to be an immediate limit, however, you may want to consider the financial implications of borrowing a large amount of money. Any place that will give you money fast, will charge you a lot of interest.


What is meant by a credit limit?

Credit limit is the largest amount of money a consumer can charge on a credit card. The amount equals the amount of credit extended to a consumer. Charges over this amount are usually allowed, but expect to pay an "over-the-limit" fee.


How can credit card companies charge an over-the-limit fee when their interest put you over?

You agree to pay the principle and the interest when you enter into a credit agreement; they charge interest because they extend you a line of credit that allows you to have things you otherwise could not afford and they use their money, not your. Failure to pay both the interest and principle results in an over-limit fee. -- I don't think this answer addressed the question. The question was not how can a bank give you an over the limit fee when you don't pay the interest. It asked how they can charge you an over the limit fee when they apply interest in a billing cycle and that puts you over the limit. The answer is the card holder agreement. You agree their interest can put you over the limit resulting in more fees for them. Just another of a few dozen reasons to avoid credit cards completely.


What is Leasing interest?

leasing interest is having a contract with another person which has a time limit and this means that the person can be in charge until that contract ends.


What is the maximum amount of interest can be charged for the purchase of a car?

Most states have limits on how much interest banks and businesses may charge. Check with your state on its limits(usually in the phone book in the blue pages in the front or back). If it is personal there is usually no limit, be careful there.


Can a credit card company charge over limit late fee's and interest rates on a cancelled card?

no


What is the maximum amount you can charge on a credit card called?

Assuming you mean as a customer - that's called your credit limit.


What is the charge on my credit card?

The charge on your credit card is the amount of money that has been deducted from your available credit limit for a purchase or transaction.


Do quick loans have high interest rates?

The interest rates depend on the the amount of the loans and the amount of time you are given to repay the loan. There are some jurisdictions that limit the annual percentage rate, it all depends on where you get the loan from.