2007-02-10 05:51:57 · 4 answers · asked by Anonymous in Politics & Government ➔ Military
Even at 36% can't you find a better source for a loan? I believe it is in effect though.
2007-02-10 05:57:32 · answer #1 · answered by meathookcook 6 · 0⤊ 0⤋
The military doesn't make loans. Private companies, like banks, make loans.
Percentage rates on loans are determined by each state's usury laws. There may be a statute that includes special provisions for loans to members of the military.
36% is probably way above any state's limit.
Some unscrupulous companies charge excessive rates, but unless someone reports them to the state they will get away with it.
2007-02-10 06:04:37 · answer #2 · answered by Ed F 3 · 0⤊ 0⤋
i think of whilst somebody says that they help the troops they must observe of the desperate straits that such different of them are in whilst they arrive domicile from the conflict. those payday companies are purely the main recent in a team of strikes by means of loan companies and banks to truly reinstate indentured serfdom lower back into the in any different case commercial international. and it is not purely payday loan companies, yet additionally venerable institutions including chase morgan (or despite they are calling themselves these days) which have desperate that being criminals is extra effective than being effortless businesspeople. chase had me in an excellent little seize for a solid form of years and have been given actually 1000's of greenbacks out of me in a circulate that became straight away in competition to what the lawyer wide-unfold of my state had instructed them they'd cost me for activity. chase laughed at them and me, and welcomed me to sue them. now that I even have funds and skill, i even have not any credit enjoying cards that are no longer straight away tied to financial corporation money owed. in different words i finance no longer something. to those of you accessible purely commencing out in lifestyles questioning which credit enjoying cards to get - are not getting any. purely get atm enjoying cards drawn on your financial corporation money owed. avert unsecured mastercard companies like chase the comparable way you will avert the mafia - these days there is no distinction...
2016-12-17 13:37:26 · answer #3 · answered by ? 4 · 0⤊ 0⤋
yes...Mark me best answer please and ill give u a thumbs up
2007-02-10 05:54:12 · answer #4 · answered by Mickirs 3 · 0⤊ 1⤋