QUESTION
what is Nevadas Legal limit of intrest allowed on a personal Loan compounded bi-weekly ?
Asked on Apr 26th, 2014 on Family Law - Nevada
More details to this question:
I have several loans to cover Cancer treatments for my wife.I'm without insurance. These loan repayments are broken down into bi-weekly payments over 6 months. Refinance charges equal loan plus 30% intrest every 2 weeks of entire loan plus intrest amount. I now owe more then one years salary. My payments don't cover the intrest. Which is compounded every 2 weeks plus 30%
1 ANSWER
Nevada has some of the worst ususry laws in the country. Yoiu may want to contact the credit debt department at the Legal Aid Center of Sounthern Nevada -- they have assisted many people in similar circumstances escape impossible payment provisions of that kind.
Answered on Apr 27th, 2014 at 3:26 PM