Just as laws vary from state to state, so do financial regulations. Every state in the US has unique rules stipulating how much interest an institution can charge for one loan. This maximum rate is also called a usury limit.As you establish the guidelines for paying back your loan, it is essential that you check on your state’s regulations regarding usury limits. If you find that the financial institution you used to establish the loan has exceeded the regulated usury limit, your loan’s legality may be called into question.Although this information is updated frequently, to the best of our abilities, you should always stay in touch with your attorney to ensure that you are receiving fair and manageable interest rates.
Check the list below to find specific information about your state.
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