4 ms·
> suing for usury Is this a thing? Are we in biblical times?
by 77pt77 7y ago
> suing for usury
Is this a thing?
Are we in biblical times?
- andrewem 7y agoMany states have laws on maximum interest that can be charged, though at this point there are so many loopholes they basically no longer have any effect. https://statelaws.findlaw.com/consumer-laws/details-on-state-interest-rate-laws.html https://statelaws.findlaw.com/consumer-laws/details-on-state...
- spacemanmatt 7y agoObviously it's been a while, but the local business calculation I observed was, it was always better to not be sued than to be sued. And if the suit was unavoidable (e.g. guy is just nutso-litigious) it's better to have declined all business with him in the first place.