Re: Statute of Limitations- high interest versus- my states max

Posted by Why Chat on March 02, 2002 at 21:13:06:

In Reply to: Re: Statute of Limitations- high interest versus- my states max posted by foxmore on March 02, 2002 at 17:05:32:

There is no legal relationship between your State's laws on the statute of limitation for filing suit on a defaulted credit card account, and it's laws regarding maximum interest. If you have already looked up what the allowable interest is for in-State accounts, look further and see if they have a limit for out-of State accounts. Some States do limit the allowable interest from anywhere. Which is why if you move from a no- limit State to a limit State your interest goes down.

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