Interest Rate

Contract/ Non-Contract Applicable Rates of Interest for Credit  Each state has their own statutory rates of interest creditors may charge depending upon the circumstances. Alabama 8% in writing; 6% otherwise Alaska 10.5% in writing Arizona 10% per year; any amount if agreed & contracted Arkansas 5% California 7% non contract, not to exceed 12% with…

Indiana Jones & the Credit Trilogy – Part 2

Indiana Jones & the Credit Trilogy Part 2 The Temple of D.O.O.M. By Robbie Burch Willie: “You’re gonna get killed chasing your damn fortune and glory!” Indiana Jones: “Maybe, but not today.”   In Part 1 of our Credit Trilogy  we discussed the A.R.C. The Assembling of Credit Information, reviewing the information that has been assembled,…