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Capitalisation of interest on short term loan “irreconcilable with what is right”

By Sharon A. Christensen


Higher than usual rates of interest charged by lenders on short term loans is not of itself considered to be a penalty or evidence of unconscionable conduct. These types of lenders often charge higher rates to take account of increased losses from higher than usual defaults by borrowers

Topics: 180100 LAW, loan interest, defaults on loans, short term loans
Publisher: Lexis Nexis Butterworths
Year: 2012
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