http://www.debt-professor.com/bizarrecreditloophole.html

A MUst read for anyone that uses or is deep with thier credit cards.

Reviewed by cherokeepride Jan 09 2009, 03:21pm ( 25 reviews ) • debt-professor.com

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Rated by CherekBearShldrs on Feb 24 2009, 3:55pm

Very interesting.
Rated by Morgakabol on Feb 20 2009, 11:47am

FAST VERSION: so basically different states have different allowed interest rates which means the credit companies operate out of states with the highest legal rates they can charge you.
Reviewed by klorenz on Feb 09 2009, 9:20am

It shouldn't be a surprise that interest is based on the place where the service is rendered. Just take sales tax as an example.
Rated by EddieStarr on Jan 17 2009, 3:54pm

Not for me.
Rated by mandigirl666 on Jan 12 2009, 12:21pm

Dang you Mass ! "the legal rate of interest is 6% the general usury rate is 20%. Judgments bear interest at either 12% or 18% depending on whether the court finds that a defense was frivolous." just a another great way to dream of better states - with lower rates - cheers NH! * i did not watch the video however *
Rated by paktc on Jan 11 2009, 9:20pm

Another excellent resource!
Rated by apodder on Jan 10 2009, 1:21pm

Soooo, Ohio doesn't have usury laws??
Rated by jarbarf on Jan 10 2009, 1:10am

It takes this guy 5:41 to say what could have been said in under a minute

Installing is Easy!