Terzino's main concerns are the aggressiveness of parties involved in the industry in recruiting clients, the potential
for usurious rates being charged and the possible «undue control» that a funding firm can have over the legal process, particularly over settlement discussions.
Not exact matches
Also if she wanted to attack Title Loans outfits, which not only have
usurious rates but mafia - like recovery methods, go
for it.
You interest
rates will not be as low
for a regular borrower, but they should not be so high as to be
usurious.
Whether they have set up a bogus website or are just offering
usurious rates and fees, look out
for scam artists.
For those with good credit, the
rates are hardly
usurious.
$ 109 Million Settlement against Rent - A-Center ($ 109 Million)-- class action suit against Rent - A-Center in New Jersey
for charging consumers hidden
usurious interest
rates in violation of New Jersey State Law.
Long - term positions are charged
usurious swap
rates, making it unviable
for any serious trading.
I'm sure you just want to help your friend but the way you structured / proposed to do the loan would likely end up as a win (
for you since you'd get the $ 5k) / lose (
for your friend who would end up paying an exorbitant interest
rate) / lose (
for the lender who's really the only one taking a risk in a
usurious loan situation) deal.
What I said about Section 35 and 32 is only correct based on TODAY»S
rates, and you are right in clarifying that sometimes, (in a very different interest market than today) a loan could have an interest high enough to be
usurious, but still be lower than the threshholds
for 32 and 35.
I'm looking
for feedback from anyone else who has seen cases involving claims of
usurious real estate loans, or loans with (claims that) interest
rates that exceeded the maximum interest
rates under usury.