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 Posted: Sun Oct 12, 2008 6:06 pm Subject: First Bank of Delaware - |
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I have a loan with them that is being repaid in 26 installments. I am assuming that it is not considered a pdl. the interest rate is somewhere around 99%. Does anyone know the maximum interest rate in Kentucky or where I can find the max rate they can charge? I am down to six payments and if I can get this marked PIF that would be great.
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geversole
Joined: 09 Oct 2008
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| Posted: Mon Oct 13, 2008 12:08 am Subject: |
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If it's an installment loan then there is no maximum rate of interest. In case of payday loans, the maximum rate is 459% apr.
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Guest
Debtcc Points: 100
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| Posted: Mon Oct 13, 2008 9:38 am Subject: |
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Is it through thinkcash? They are also backed by the Bank of Deleware, unfortunately the finance charges are legal and they can charge pretty much whatever they like.
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dawnlango7
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