Legal Question in Banking Law in North Carolina

I took out a loan with cash call. I borrowed 1,000 paid back 1400 in 6 months and they are saying I still owe 1700 with a 149% interest rate. IS this legal is NC

Asked on 8/28/13, 11:34 am

1 Answer from Attorneys

Kenneth Love Ken Love Law

No it is not legal. They will have difficulty enforcing the loan as they will not sue in NC.

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Answered on 8/29/13, 6:48 pm

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