Westland girl had 350% rate of interest on $1,200 loan — and a loophole enables it

Westland girl had 350% rate of interest on $1,200 loan — and a loophole enables it Karl Swiger could not think just how their 20-something child somehow lent $1,200 on the internet and got stuck with a yearly rate of interest of approximately 350%. „When we heard I thought you can get better rates from …

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