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Many 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
by andrewem 7y ago
Many 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.