Usury Law: Will NY’s Apply to Small Business Loans?

Image of an empty office.New York State’s usury law currently applies to consumers who have been given loans less than a certain amount. The same laws do not currently apply to commercial loans even those considered “small” business loans. Currently, the business loan interest rate is unlimited. We blogged about that.

As online commerce increases so do the presence of online lenders. These cyber companies, increasing in number, lend to NY residents and small businesses. Continue reading “Usury Law: Will NY’s Apply to Small Business Loans?”

Read more...

Will a Debt Collection Lawyer’s Letter Cause Your Customer to Pay?

The hope is the debt collection lawyer will send a letter, email or call, obtain immediate payment and return payment in full to the client within 45-60 days. That’s the dream of clients and collection law firms alike. Sometimes dreams come true. Most often, however, to reach your goal of receiving payment, it often takes more than a simple letter.  Continue reading “Will a Debt Collection Lawyer’s Letter Cause Your Customer to Pay?”

Read more...