Ultimate Finance Knowhow

What is the largest percentage a finance company can charge someone with bad credit in Chicago Illinois?

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Xavier s asked:


A finance company tried to charge me and my wife 44% interest on a $6,000 DOLLAR LOAN.Then told us that the total amount once payed would be $12,850 is that predatoryending or what ?

Dorsey

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This entry was posted on Tuesday, October 16th, 2007 at 7:17 pm and is filed under Ultimate Finance Knowhow. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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2 Responses to “What is the largest percentage a finance company can charge someone with bad credit in Chicago Illinois?”

1. dmwojo83 Says:
   October 17th, 2007 at 8:08 am

   I don’t think there is a limit.

2. sunshine336 Says:
   October 18th, 2007 at 3:28 pm

   They can charge what they like it’s up to you to not accept those terms. It’s tough to get a good rate when your credit is shot. Good luck!

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