GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Newly founded iBill agrees to cover merchant debts of former iBill.

Gerco · 02-28-2010, 08:57 PM

Course, it does say...
"Should the note not be repaid at or before the due
date, then the note shall accrue interest at the highest possible legal
rate permitted in the State of Florida."

FLORIDA, the legal rate of interest is 12%; the general usury limit
is 18%. On loans above $ 500,000 the maximum rate is 25%.

If I'm correct thats 12%...

So by this note the original 10,277.61 is actually 16,172.02 after these 4 years/

02-28-2010, 08:57 PM
Gerco Confirmed User Join Date: Nov 2005 Posts: 2,052	Course, it does say... "Should the note not be repaid at or before the due date, then the note shall accrue interest at the highest possible legal rate permitted in the State of Florida." FLORIDA, the legal rate of interest is 12%; the general usury limit is 18%. On loans above $ 500,000 the maximum rate is 25%. If I'm correct thats 12%... So by this note the original 10,277.61 is actually 16,172.02 after these 4 years/ __________________ Http://www.extremehole.com ** CLOSED ** 400 HOURS of exclusive custom extreme content, already on external HD in Raw DV ready to encode. over 150,000 exclusive images and more.