Usurious Interest rate? (Digest #10)

From: elaine steward <esslady@ix.netcom.com>
Subject: Usurious Interest rate? (Digest #10)
Date: Thu, 07 May 1998 14:29:41 -0700

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> Date: Tue, 5 May 1998 13:27:23 -0700 (PDT)
> From: Sandi Rollins <srollins@econ.Berkeley.EDU>
> Subject: Setting an interest rate for a private loan
> interest rate of 18% (for a private, unsecured personal note)
> was usurious.
> 

I question this input.  If 18% - 21% is not usurious for Visa et al, why
would it be usurious for your parents.  I'll be interested in input from
folks who actually KNOW the answer.

elaine

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