Tag Archive: interest rates

NH Limits Interest Rates for Title Loan and Payday Loan Companies

Legislation, which went into effect on Jan. 1, 2009, will most likely put the payday loan industry out of business in New Hampshire. HB-267 limits the annual percentage rate on a payday and title loans to no more than 36 percent per year. Payday loans are short term loans (usually a week or two) of…