Yes, America, your 22.9% annual percentage rate on your credit card is chump change compared to what Brazilians pay. Sure, other countries south of Texas pay much more than. than 8% per year and as.
After Ohio prohibited excessive interest rates on short-term loans in 2008, payday and auto title lenders used a loophole to offer nearly identical loans under different state laws. In Texas, TMX.
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Tom Craddick (R-Midland) files a simple one-page bill that would close a loophole that allows payday and auto-title lenders in Texas to avoid the state’s anti-usury laws and charge unlimited rates.
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"I paid a higher interest rate because of that," says Holt. S owners in other states can often finance the sales tax as part of their new-car loan. Change In 2015? The Texas legislature will.
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