Does usury apply to private people entering noncommercial loan deals?

Does usury apply to private people entering noncommercial loan deals?
by

1 Answer

Answer :

answer:There is a lot of distracting verbiage there, but I assume you are asking about the usury laws in the US for private parties? It varies by state but is regulated. Usury laws:
by

Related questions

For those who are just entering the world of adulthood (or those who already have), what are your opinions on saving money while still young?

Description : For those who are just entering the world of adulthood (or those who already have), what are your opinions on saving money while still young?

Last Answer : I’m 35 and have never saved any money. You have to have extra money to save. I am finally in a position where I can save money. But hey, I might die tomorrow. I’m not too worried about it.

What is the difference between Commercial vs noncommercial contracting?

Description : What is the difference between Commercial vs noncommercial contracting?

Last Answer : Need answer

What is the largest noncommercial coffee maker?

Description : What is the largest noncommercial coffee maker?

Last Answer : Braun makes a 36-cup coffee maker that is still somehow considered "for home use."

What is the usury rate in South Carolina?

Description : What is the usury rate in South Carolina?

Last Answer : Feel Free to Answer

What is the usury rate for Indiana?

Description : What is the usury rate for Indiana?

Last Answer : Feel Free to Answer

Which book is written by Jeremey Bentham? (a) A Fragment on Government (b) A Introduction to the Principles of Morals and Legislations (c) Defense of Usury (d) All of these

Description : Which book is written by Jeremey Bentham? (a) A Fragment on Government (b) A Introduction to the Principles of Morals and Legislations (c) Defense of Usury (d) All of these

Last Answer : (d) All of these

"Loan declared a loss" by bank?

Description : "Loan declared a loss" by bank?

Last Answer : It means the holder of your note has been able to write it off by taking a loss on it as a bad debt, I suggest you get a credit report and then talk to a credit counselor on how to repair your credit now that you can pay it back.

How can I increase my student loan?

Description : How can I increase my student loan?

Last Answer : You can apply for a new student loan in another jurisdiction.

Is there a benefit to making a principle only payment on a simple interest loan?

Description : Is there a benefit to making a principle only payment on a simple interest loan?

Last Answer : Paying extra principle will reduce your interest costs. Sometimes the reduction is in the next payment, but there is always a reduction at the end.

Where can I get a loan without opening an account?

Description : Where can I get a loan without opening an account?

Last Answer : How do you figure on getting a loan without opening an account with the lender?

If a person you owe money to has died, and the deceased DID NOT have a will, do you still have to pay back the loan?

Description : If a person you owe money to has died, and the deceased DID NOT have a will, do you still have to pay back the loan?

Last Answer : You still owe the estate. The court will decide who gets the money but the debt is property of the estate.

How can I get a student loan?

Description : How can I get a student loan?

Last Answer : Do you live in the US?

Best way to get a (same day) loan?

Description : Best way to get a (same day) loan?

Last Answer : answer:Possible but not probable, depending on your credit history, income verification, etc. Your best bet is a personal loan if you want immediate approval. I’ll loan you 2k, at 10% interest. lol ;-)

Would it make sense for me to pay off a loan with another?

Description : Would it make sense for me to pay off a loan with another?

Last Answer : You should pay off the loan with the higher interest rate first.

Does anyone know a good organization for Payday Loan Consolidation?

Description : Does anyone know a good organization for Payday Loan Consolidation?

Last Answer : answer:First, you cannot rob Peter to pay Paul. payday loans are money-suckers. pardon my language, but you will get a better deal at a pawn shop. being behind on one payment makes it a penalty and you ... order to get caught-up in your payments. Scratch payday loans off your list. it's a no-no!

Will I get approved for a loan for a boat?

Description : Will I get approved for a loan for a boat?

Last Answer : It is hard to tell. perhaps your best bet would be a loan from a credit union. The interest rate would likely be lower too.

Would you loan him money?

Description : Would you loan him money?

Last Answer : Never lend what you can’t afford to not have repaid.

How can I get out of my car loan?

Description : How can I get out of my car loan?

Last Answer : No. Believe me, I've tried. I purchased a car with my then-boyfriend, and when he dumped me, he stuck me with the car since everything was in my name. I'm stuck paying for it. Unless you can find a ... pay off the loan, or you get in with a dealer while they're having a pay-off deal, you're stuck.

What is a good place to get a co-op mortgage loan?

Description : What is a good place to get a co-op mortgage loan?

Last Answer : I got a mortgage for my co-op from CitiMortgage - citimortgage.com - which is a division of CitiBank. I don't know where you live, but they apparently do a large portion of the mortgages on apartments in manhattan (where I live), which are primarily co-ops.

Where can I find a loan repayment contract?

Description : Where can I find a loan repayment contract?

Last Answer : answer:If I was you I would check to see how much it would be to have a local lawyer draft it. Laws vary by state so it would be better to have someone familiar with local laws write it.. I'm ... would just write up one with as many details as possible. For 2K you will end up in small claims court.

Where is the best place to get an unsecured personal loan for debt consolidation of around $19k?

Description : Where is the best place to get an unsecured personal loan for debt consolidation of around $19k?

Last Answer : You might want to check out Propser, a peer-to-peer lending site.

If you are on a budget, and are having a hard time paying off debt. Is consolidating your debt with a loan a good option?

Description : If you are on a budget, and are having a hard time paying off debt. Is consolidating your debt with a loan a good option?

Last Answer : Not always. Sometimes it just aggravates the problem. See a debt counselor first.

How can you refinace your car loan, which is at 10%. When you have a credit score under 690, and your bank already told you no?

Description : How can you refinace your car loan, which is at 10%. When you have a credit score under 690, and your bank already told you no?

Last Answer : Do you have a credit union? If you have automatic payroll withdrawal, maybe. For a bad credit score, 10% is not a bad rate.

Is there anything nice to say about private equity funds?

Description : Is there anything nice to say about private equity funds?

Last Answer : The only ‘good’ thing to say is that – if you are in them, you can go from moderately rich to VERY rich without doing a damn thing.

What would you do if you found out your government had to borrow money from a private bank to run the ecconomy, and that this was the real cause of inflation?

Description : What would you do if you found out your government had to borrow money from a private bank to run the ecconomy, and that this was the real cause of inflation?

Last Answer : My government borrows money from private entities all the time. The government has always been borrowing from private entities, and has never been able to function without it. We’ve never been without a national debt. Buy a Treasury bill?

Why do older US dollars say "this note is legal tender for all debts, puiblic and private, and is redeemable in lawful money at the US treasury or at any federal reserve bank?"?

Description : Why do older US dollars say "this note is legal tender for all debts, puiblic and private, and is redeemable in lawful money at the US treasury or at any federal reserve bank?"?

Last Answer : I believe at that time we were on the gold standard and the money could be exchanged for the appropriate amount of gold. I’m trying to find a bit more info right now here. When we went off the gold standard, this would no longer have been true.

Best interest rate for private student loans?

Description : Best interest rate for private student loans?

Last Answer : citibank mine seem to be really low what is your current rate?

What is the best store credit card to apply for when trying to build credit?

Description : What is the best store credit card to apply for when trying to build credit?

Last Answer : Gas cards, pump gas with your card and pay it right away.

Can a private loan company call my friends?

Description : Can a private loan company call my friends?

Last Answer : I don’t think it’s legal. They have nothing to do with your loans. You can check with a attorney though for next course of action.

I need financing to start my business. Should I get a small business loan or go through private sources?

Description : I need financing to start my business. Should I get a small business loan or go through private sources?

Last Answer : If you have enough capital in hand to start without a loan, even if it means starting small, that would be my recommendation. If you start on borrowed capital, you must acheive profitability quickly to ... going to need one, make sure you can actually get it before going too far with your planning.

What is the difference between a public and a private student loan?

Description : What is the difference between a public and a private student loan?

Last Answer : Public, or government backed student loans tend to have lower interest rates. Private student loans are more difficult to obtain, especially for young people with no credit.

Where can I go for a private student loan?

Description : Where can I go for a private student loan?

Last Answer : A good way to get a private student loan is through Chase Select. Chase has a specific program for undergraduate , graduate and graduate health professional students. This is good way to help with tuition cost not covered by other grants.

How do I get a private student loan?

Description : How do I get a private student loan?

Last Answer : The first step in getting student loans is to make sure you have completed the FAFSA. You can check and ask banks for some good private loans.

At what level of income must you be to start paying back a Private Student Loan?

Description : At what level of income must you be to start paying back a Private Student Loan?

Last Answer : You will have to start paying it back six months after you graduate. If you are still unemployed or making very littl you can typically defer the payments for up to three years but usually interest will ... it is a graduated payment plan which means your payment will go up the more money you make.

where can i apply for FREE to get a low income home improvement loan?

Description : where can i apply for FREE to get a low income home improvement loan?

Last Answer : Need Answer

in the year 2000 how did you apply for a usda loan

Description : in the year 2000 how did you apply for a usda loan

Last Answer : You can find this information by contacting USDA http://www.rurdev.usda.gov/ContactUs.html

How To Apply Personal Loan in India?

Description : How To Apply Personal Loan in India?

Last Answer : If you need some money to finance wedding, travel, home improvement, medical emergency, higher education or anything else, you can simply apply for a personal loan.First, you should compare among all the ... your account!You can even apply for a Personal Loan by sending SMS or giving a missed call.

What are the required things to apply for a business loan in Bangalore?

Description : What are the required things to apply for a business loan in Bangalore?

Last Answer : To apply for a business loan in Bangalore, the following things are required:A Passport sized photo of the applicant(s)Know-Your-Customer documents- These include your passport, Driving License, Voter's ... the profile of the company. In the two cases, the documents to be furnished are different.

Can I apply for a car loan with a credit score of 593?

Description : Can I apply for a car loan with a credit score of 593?

Last Answer : This is a very poor credit score. You can apply but it isunlikely you will get a loan without a cosigner. If you are able toget a loan without a cosigner your interest rate will be very highas compare to someone with a good credit score of over 700.

Where i can get Instant Personal Loan Would Be A Good Option. Could Anyone Say The Basic Criteria Required To Apply For Personal Loans In South Africa?

Description : Where i can get Instant Personal Loan Would Be A Good Option. Could Anyone Say The Basic Criteria Required To Apply For Personal Loans In South Africa?

Last Answer : I was also confused when I was a first timer in this field, butwith the help of a leading loan instant loan service provider, Ireceived great help, support and information on the same. ... filed for bankruptcy or is under debt review, then theyaren't eligible for cash loans South Africa.

Is it possible to apply for a cash advance loan online?

Description : Is it possible to apply for a cash advance loan online?

Last Answer : I beleive to apply for a cash advance you will physically have to go to the cash advance location. I do not beleive you will be able to do this online.

Where can I apply for a cash loan online?

Description : Where can I apply for a cash loan online?

Last Answer : Cashapply.com is a one stop website to apply for various cash loans online. The maximum borrowing amount is $1500.

Where should I apply for a small business loan in the midwest?

Description : Where should I apply for a small business loan in the midwest?

Last Answer : Bank Midwest offers small business loans throughout the midwest.

If you are a retired and a disabled veteran that has used your VA and had a foreclosure can you still apply for a VA loan or assume the VA loan of someone that couldn't afford it?

Description : If you are a retired and a disabled veteran that has used your VA and had a foreclosure can you still apply for a VA loan or assume the VA loan of someone that couldn't afford it?

Last Answer : Yes my dad had a banruptys then once it was cleared used Va loan on a new home. You can if you have any entitlement left and the foreclosure was 3 years ago. There is a website that you can go to ... have a chance to buy the home we are renting . VALoanProgram.com - America's #1 VA Home Loan Source!

How do I apply for an FHA loan?

Description : How do I apply for an FHA loan?

Last Answer : There are six ways to apply for a FHA loan: online, download application, phone, fax, in-person, or by mail. Go to this website: http://portal.hud.gov/portal/page?_pageid=73,1827594&_dad=portal&_schema ... It's really easy to apply online. Go to the site listed above and you can quickly get started.

i have a modular home inapark which is paid off. to apply for a loan on this home is it refinancing or a home loan?

Description : i have a modular home inapark which is paid off. to apply for a loan on this home is it refinancing or a home loan?

Last Answer : It is refinancing not a home loan. For more information on refinancing go to web site www.ditech.com

Can I apply for a $5,000.00 loan and pay it in 36 months?

Description : Can I apply for a $5,000.00 loan and pay it in 36 months?

Last Answer : You can apply for a loan and pay it off in 36 months, however if you have a low credit score you may be denied.

APPLY NOW LOAN IS AVAILABLE?

Description : APPLY NOW LOAN IS AVAILABLE?

Last Answer : Get a Student loan from this great firm CLASSIC LOAN MANAGEMENT email: [email protected]

How do I apply for a Stafford subsidized loan?

Description : How do I apply for a Stafford subsidized loan?

Last Answer : In order to qualify for a subsidized Stafford loan, you need to be a US citizen or eligible non-citizen, be enrolled at least part-time at an accredited university, have completed the FAFSA, have ... , you can go to via www.staffordloan.com to have an application and information mailed to you.

Can I apply for student loan from government?

Description : Can I apply for student loan from government?

Last Answer : Yes, you need to fill out your FASFA to find out what kind of loans or grants you qualify for. They will mark it based on your financial background.