The word
"usurious" means charging an excessively high interest rate on a loan. Basically, it refers to a situation where someone lends money and demands too much money in return as interest.
Full definition
They sell your tax return data, underreport your income, try to force you to take loans at
usurious rates, and steer you towards retirement products that only benefit themselves.
But Mary Terzino, a Michigan - based lawyer who has studied litigation and legal funding for some years, said, «I think that as a matter of public policy, lawsuit lending often results in
usurious loans.»
But even there, the industry managed to operate for nearly a decade until the state Supreme Court finally declared those loans
usurious in 2008.
Credit card companies in some countries have been accused by consumer organisations of lending
at usurious interest rates and making money out of frivolous «extra charges».
Yes, lenders will push up interest rates on bad credit personal loans, but that does not necessarily mean that folks with bad credit will
pay usurious interest rates.
Fortunately, state Sen. Rob Ortt (R - Lockport) and Assemblyman William Magnarelli (D - Syracuse) have introduced a bill that would protect New Yorkers
from usurious interest rates by requiring the industry to comply with existing lending laws.
Credit cards are a way better option since they give you a bit of flexibility and their rates aren't
as usurious as those of payday loans shylocks.
I balked, accused the City of enforcing an unconstitutional,
usurious fee in a most mafia - like extortionary manner, and threatened national exposure via the national media.
States protect their citizens from
usurious payday lending by prohibiting the product or by setting rate caps or usury limits.
Instead of an inheritance, he was left with a market stall heavily burdened
by usurious debt incurred by his grandfather that could not be erased.
While conventional wisdom would be against using credit cards and we would never advocate carrying any type of balance on one because of the
near usurious rates, in certain situations, it might just be your only option.
Invest your money so that in times of economic down turns you don't have to resort to borrowing money
with usurious rates of interest.
This allowed them to charge payback rates that would be
considered usurious if the cash advances were loans.
Long - term positions are
charged usurious swap rates, making it unviable for any serious trading.
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.
may have been the motto of the two former Mitsubishi dealership employees recently sentenced to prison for a massive fraud in which unsophisticated customers with poor credit were extended
usurious car loans they had no hope of repaying.
By the time Swanger met him, his credit score was 660 and she thought it was enough to qualify him for a
less usurious rate.
So, I will stay away from politics except for raging against the Mayans for convincing me the world was going to end five Decembers ago, which naturally prompted me to borrow six figures from Joey «The Mackeral» MacInosh at
usurious vig because, well, I reasoned that once the world ended I would finally be debt free.
Credit - card companies impose late fees and penalties, on which they make money by raising the
normal usurious interest rate.
Not only are the extra earnings in and of themselves useful, but the speed of delivery of the actual cash could mean avoiding nasty traps
like usurious payday loans.
The problem was that one had to prove a just and adequate title was present, or else the loan was
assumed usurious.
Do not
take usurious interest from him, but revere your God, that your countryman may live with you.
Unless there were
usurious protections on the pick swap Ainge reportedly offered the Pacers in February, Bird committed basketball malpractice by hanging onto George at the deadline.
John (now Lord) McFall hauled credit card company bosses before the Treasury Select Committee, when he chaired it during the last Parliament, to be scragged
over usurious interest rates.
In those cases where ebooks are available, the report
shows usurious markups, up to six times the consumer price for the same title.
From my experience, borrowing with bad credit is mainly possible through steep loans such as payday loans, whose interest rates can be
downright usurious.
And it is easy to get swept into a rather costly deal with the dealer dangling keys in your face with one hand, and in the other hand holding a
perhaps usurious bankruptcy car loan contract and a pen.
Whether they have set up a bogus website or are just
offering usurious rates and fees, look out for scam artists.
As long as lenders do not employ predatory lending practices or
demand usurious interest rates and fees, they must make their money.
Your monthly payment of $ 500 on a principal of $ 115K is equivalent to an annual interest rate of 5.22 %, which at least is not
completely usurious.
Sometimes interest rates can become quite high and fees can
become usurious.
Goldman easily repaid that money, much to the annoyance of the Treasury, after only a few months when it became clear that Congress was intent on worsening the
already usurious terms of the loan after the fact.
The 8 % and 7.65 % interest rates on a couple of my loans are
criminally usurious in my biased opinion.
Granted, there are other policy alternatives, like eliminating HST on investment products (which would have the added benefit of providing a level playing field vis - à - vis individual securities) or more stringently regulating the fees that mutual fund companies charge to curb their
more usurious tendencies.
A major portion of the credit card reform was to assist consumers in fighting
against usurious interest rates and abusive late fees and over-the-limit fees.
I ask because a
somewhat usurious former coworker (the lender) has a notarized agreement with a family member (the borrower) for a significant debt, where the house is used as collateral.
$ 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.
Our insurance rates, especially here in Ontario, are
usurious compared to most parts of North America.
Finally, there's the guru's special — Start flipping houses using short term hard money loans at
almost usurious rates and fees.
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.
Drivers need to be careful as some insurers simply loan the yearly cost and even
charge usurious rates.
I refuse to have my loyalty and good credit be «rewarded» by being asked to pay what I consider to be
usurious fees.
The term Loan Shark brings to mind those financial gangsters who lend a Regular Joe a little bit of money
at usurious rates.