Beware of Outrageous Interest Rates

A client, a single mother, needed $1,500 due to a medical hardship for her minor son.  An unnamed company “helped” her by loaning her $1,500.00 at 534.23% (YES, you read that correctly – 534.23% APR)! It will cost her 7,186.71 to repay a $1,500.00 loan!  

It should be illegal, but THAT is what bankruptcy does.  It evens the playing field against lenders like this.