I try to pay this loan off which was transferred from Providian. It is so high I think it should be illegal. Is their anything tha can be done about it?
1 Updates & Rebuttals
Flynrider
Phoenix, Arizona, USA
Only one thing.
#2Consumer Comment
Sat, January 15, 2011
"Is their anything tha can be done about it?"
About the only thing you can do is stop borrowing money at interest rates that are "impossible" to pay off.
Usury laws have been virtually wiped out. You are now free to burden yourself with loans carrying interest charges that approach 400% (at some payday loan outfits).
You are also free to decline to borrow money at ridiculous rates. I don't think it gets much simpler than that.
1 Updates & Rebuttals
Flynrider
Phoenix,Arizona,
USA
Only one thing.
#2Consumer Comment
Sat, January 15, 2011
"Is their anything tha can be done about it?"
About the only thing you can do is stop borrowing money at interest rates that are "impossible" to pay off.
Usury laws have been virtually wiped out. You are now free to burden yourself with loans carrying interest charges that approach 400% (at some payday loan outfits).
You are also free to decline to borrow money at ridiculous rates. I don't think it gets much simpler than that.