Apr 15, 2008 13:44
I learn last night about some neat things about Usury laws, and why South Dakota is home to many credit card companies. Sure most of these companies only own trailers there with only two employees, but as long as they're in that state, they can rape you with interest rates. The one state with consumer friendly usury laws? Arkansas. By law they can only cap interest rates at 9%. Get a loan or credit card in Arkansas!
I also learn the reason why Frontier Airlines is filing for bankruptcy is because of my company.