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I am being charged over 300% interest by a lender in tx. Is…

Customer Question
I am being charged...

I am being charged over 300% interest by a lender in tx. Is this legal?

Lawyer's Assistant: Have you talked to a TX lawyer about this?

Not yet was wondering if I should persue it.

Lawyer's Assistant: What steps have you taken so far?

Asked the company for a settlement amount. They were unwilling to give one.

Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?

That's it thanks.

Submitted: 2 months ago.Category: Consumer Protection Law
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Answered in 4 hours by:
5/30/2018
Consumer Protection Lawyer: Thelawman2, Lawyer replied 2 months ago
Thelawman2
Thelawman2, Lawyer
Category: Consumer Protection Law
Satisfied Customers: 2,518
Experience: Licensed Attorney
Verified

Hello, my name is ***** ***** I will be helping you today.

The maximum interest rate that can be charged depends on the type of loan. For a commercial loan, the maximum interest rate that can be charged is 28%. The only loans that really can be more than the 28% are pawn shop loans, which can be extremely high.

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