2007-03-28 08:30:32 · 6 answers · asked by Anonymous in Business & Finance ➔ Credit
I think you should review your question. Legally, no one can do it. Also, who is going to borrow money if one month later, you have to pay back the same money doble?
2007-03-28 08:59:46 · answer #1 · answered by yansycr 2 · 1⤊ 0⤋
Why? Who in the hell would want a loan with an interest rate of 100%?
2007-03-31 20:15:31 · answer #2 · answered by luciousgreeneyedlady 5 · 0⤊ 0⤋
Most states have maximums...for example I believe the max interest rate to buy a car in AZ is 29%. The highest rates I have seen are at those instant-cash places...but even those are like 50%
2007-03-28 15:35:09 · answer #3 · answered by tia 2 · 0⤊ 0⤋
I'd be glad to lend you money at 100% APR. Though I'd probably end up in jail for loansharking. Apparently only banks can charge that much and get away with it.
2007-03-28 15:34:41 · answer #4 · answered by Yanswersmonitorsarenazis 5 · 0⤊ 0⤋
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2007-03-30 01:07:07 · answer #5 · answered by jack 2 · 0⤊ 0⤋
NO! That is insane! - not to mention illegal!
2007-03-28 15:47:56 · answer #6 · answered by Val W 4 · 1⤊ 1⤋