RICHMOND, Va. — Del. Mark Levine recalls getting a $1,000 loan offer from a business with a 299% interest buried deeply within the print that is fine.
“As the organization compounds daily only at that rate of interest, this loan would price anyone hopeless adequate to simply accept this offer a lot more than $20,000 in interest and charges when they had been to attempt to spend the $1,000 loan straight back in complete just one single 12 months after getting it,” Levine, a Democrat from Alexandria, claimed in a publication.