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NTEREST RATE CHARGED ON A PERSONAL LOAN

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J. BLANKS Guest	Posted: Wed Oct 05, 2011 1:16 pm    Post subject: NTEREST RATE CHARGED ON A PERSONAL LOAN Like 0 Dislike 0 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? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Wed Oct 05, 2011 8:48 pm    Post subject: Like 0 Dislike 0 Hi J. BLANKS! Welcome to forums! Interest rate of 51%!! The interest rate seems to be too high... However, if you've signed and agreement to pay an interest rate of 51% on a personal loan, then you're liable to pay that. You may not be able to change the terms of the loan now. Feel free to ask if you've further queries. Sussane
sabrinatoss Community Expert Joined: 16 Jan 2011 Posts: 516 Location: Australia 82.74 Dollars($)	Posted: Thu Oct 06, 2011 12:18 am    Post subject: Like 0 Dislike 0 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. _________________ Home Loan, Mortgage Insurance Calculator, Mortgage Broker
helpfuljohn Joined: 20 Oct 2011 Posts: 22 4.66 Dollars($)	Posted: Mon Oct 24, 2011 5:29 pm    Post subject: Like 0 Dislike 0 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. _________________ Looking for a Home Equity Loan or Line of Credit? Find a lender in 2 clicks.

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