ST Alpha - "I know there's a cap in Canada, something like 66% per annum or something, but I'm not good enough at math to know if 20% every two weeks exceeds it." (Reading a Post)

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In response to "Well, first you have to cap the interest they charge." by the liioulu with hershey's

I know there's a cap in Canada, something like 66% per annum or something, but I'm not good enough at math to know if 20% every two weeks exceeds it.

Posted by Subversive - in Trish's head (aka Subversive) Feb 16 '09, 16:27

Also, this was a number of years ago, perhaps the regulations are new and the fees are lower than they were when I looked into it.

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