subject: Usury rates: Attention to the Loans and Mortgages! [print this page] Usury rates: Attention to the Loans and Mortgages!
Did you not know that there is a danger of hitting real usury rates through the repayment of the loan or mortgage you have on? Attention, therefore, your rates here are some helpful advice!
Wear and loans. Beware of clever!
Here we are again talking about loans, and mortgages, although this time the topic concerns inherent in such usurious rates, i.e. interest rates crossing the limits beyond which dangerous for us to bank accounts or financial corporations , it results in a situation of exploitation in accordance with a clear logic that virtually all of the crime of usury.
When the rates become "money lenders"?
We have just mentioned have passed certain thresholds for the definition of usury rates. But what we are talking about, really? We refer to the actual numeric values and really defined by the Bank of Italy known as the rate threshold: our central institutions, in essence, only issue a quarterly basis for all categories of financial products. They put a ceiling of interest over which a bank or a financial company began to practice usury. So do a lot of attention!
Avoid products not under
We have mentioned the role of the Bank of Italy: the calculations made by it under the important Law 108/96 produce a reporting published by the Treasury. I have finally made it available to our citizens the maxima that interest rates must not exceed. Any bank or financial companies were to apply those higher rates would, if discovered, pursued justice for their offense based on the usurious rates.
Directions to understand the rates
Remembering that the Treasury Department to publicize the usury rates, we want to give you some simple statement to understand how to determine the nature of the taxes due on loans and mortgages.
Do not forget that interest rates should not exceed the average rate of 50% of the reference.
