Can I Sue a Creditor for Usury?

Answer Usury occurs when a bank or other financial institution loans money to a consumer or business with an illegally high interest rate. Usury is illegal in almost all commercial and consumer-related in... Read More »

Top Q&A For: Can I Sue a Creditor for Usury

What is the usury law in North Carolina?

Usury in NC According to the page linked to the right:"NORTH CAROLINA, the legal interest rate and the general usury limitis 8%. However, there is a provision for a variable rate, which... Read More »

Texas Commercial Loan Usury Law?

The Texas Office of the Attorney General, Department of Banking and the Texas Office of the Consumer Credit Commissioner administer the consumer debt collection laws in Texas. Chapters 306 and 342 ... Read More »

California Real Estate Usury Laws?

The term usury refers to the act of lending money to a borrower at an interest rate higher than what is allowed by law. Many states, such as California, have enacted laws to protect consumers and d... Read More »

Will a Creditor Sue?

Credit card companies and other types of creditors are entitled to receive what you owe them. Defaulting on your bills damages your credit score, after which it becomes difficult to get credit. Wha... Read More »