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loan interest rate calculator :: Most states have usury laws which limit a yearly rate to 30% or under on most loans. Currently Payday stores slip by by proclaiming that loans are repaid in 14 days so no violation has occurred and that they are providing a much needed service to somebody that has no where else to go.loan interest rate calculator
This type of figure could only be attained if the loan was rolled over for 26 weeks. And that is not possible. Most pay day loans services are licensed and regulated from the state in which they are operating. Some States would not allow a rollover whatsoever, or where they are allowed, no more than more than one is not permitted.
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