January 13, 2020 Loretta Jenson

At the beginning of September 2019, a law specifying a maximum interest rate for consumer loans of up to 20% and a maximum of USD 150 per annum for other loan costs came into effect. The legal reform will make it easier to pay off earlier loans with a compound loan. Easy payday loan help debt consolidation for you With the legal reform, the combination of loans is beneficial as the new interest rate cap applies to both compound loans and ordinary consumer loans. There are more loans available that are better in terms of cost and terms than previous high-interest…