.
Google

                       

Is there a limit to the amount of interest that can be charged on a personal loan?


What level of loan interest is considered illegal usury? A friend, who is a single mother, borrowed money from a guy and to whom she has been paying him interest for many years. The interest has accumulated to her paying him more than triple times and at the moment she's in a poor financial situation but the guy keeps insisting although she tells him she has no money at the time. I was wondering can she file a civil lawsuit against this guy for usury?

Have a question? Ask your legal question now and get answer in a few minutes. Know the answer? Lawyers or knowledgeable lay persons may provide informative responses to this and other questions by contacing us for instructions. Receive linkbacks to your website for helping.
Related Law Articles

is===1
Related Law Questions


Search for other answers or ask a legal expert for as little as $15.

Related Law Bulletins

Lawyers! Become an Approved Expert to Answer Questions.
US Law
#1 Online Legal Resource













Your Blog Subscriptions
Subscribe to blogs

10,000+ Law Job Listings
Lawyer . Police . Paralegal . Etc
Earn a law-related degree


Practice Area
Zip Code:

Contact a Lawyer Now!











is===1


0.8524 secs