r90

3 ms·

1. 1.▲
   by r90 16y ago

   Check your facts: http://www.lectlaw.com/files/ban02.htm E.g. Alabama: ALABAMA, the legal rate of interest is 6%; the general usury limit is 8%. The judgment rate is 12%. Like I said, it's not perfect, there are many exceptions. The US ha
2. 2.▲
   by r90 16y ago

   That's all well and good provided that the loan is unsecured and generous (i.e. humane) bankruptcy laws are available. In India, bankruptcy means a rural farmer will lose everything, including his land and his seed corn. You can't have it b
3. 3.▲
   by r90 16y ago

   If SKS microfinance is charging 24% they are a loanshark, period.Rates as high as that are usury and should not be lawful. I'm of half-Indian and half-European descent and I am always ashamed of my Indian heritage. The Indian people as a c