GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Automobile title loans are stupid in Florida

MrMaxwell · 01-29-2013, 07:52 PM

"The maximum interest rate shall be 30 percent per annum, computed on the first $2,000 of the principal amount as computed from time to time; 24 percent per annum on that part of the principal amount as computed from time to time exceeding $2,000 and not exceeding $3,000; and 18 percent per annum on that part of the principal amount as computed from time to time exceeding $3,000 and not exceeding $25,000."

I wouldn't give someone a title loan at 30% if it was ice cream day in hell. That's an outrage. How in the world do the lenders stay in business?! Things get dumber every day in this country.

"A title loan lender may charge a maximum interest rate of 30 percent per annum computed on the first $2,000 of the principal amount, 24 percent per annum on that part of the principal amount exceeding $2,000 and not exceeding $3,000, and 18 percent per annum on that part of the principal amount exceeding $3,000. "

01-29-2013, 07:52 PM
MrMaxwell Too lazy to set a custom title Industry Role: Join Date: Jul 2005 Posts: 10,057	Automobile title loans are stupid in Florida "The maximum interest rate shall be 30 percent per annum, computed on the first $2,000 of the principal amount as computed from time to time; 24 percent per annum on that part of the principal amount as computed from time to time exceeding $2,000 and not exceeding $3,000; and 18 percent per annum on that part of the principal amount as computed from time to time exceeding $3,000 and not exceeding $25,000." I wouldn't give someone a title loan at 30% if it was ice cream day in hell. That's an outrage. How in the world do the lenders stay in business?! Things get dumber every day in this country. "A title loan lender may charge a maximum interest rate of 30 percent per annum computed on the first $2,000 of the principal amount, 24 percent per annum on that part of the principal amount exceeding $2,000 and not exceeding $3,000, and 18 percent per annum on that part of the principal amount exceeding $3,000. "