THE TRUTH ABOUT USURY+


usury1

Usury: n. charging more than 10% on a loan and being guilty of extortion

Usury must have a numerical percentage limit on it or the word usury has no meaning and should be terminated as a word.

Sure, you can say that a potential customer has a risk factor greater than 10% so it makes sense to lend money at more than 10% interest. Yes, but what if the customer risk is 90% then should you lend him or her money at 90% interest? The answer is definitely no and if the risk factor is greater than 10% then no loan should be made to that customer by law!!!!!!

Whether the loan is for a day, a week, a month, or a year, more than 10% is a usurious rate and should be forbidden by law!!! Most credit card companies are usurious enterprises and should be regulated severely by the government to no more than 10% on a credit loan! That is true justice and not the sky is the limit philosophy on usurious rates of return!!!!!!

 If you charge more than 10% on a loan then you are a loan shark and should be fined and/or imprisoned accordingly!!! You are guilty of extortion or taking advantage of  or injuring the financially desperate!

If you liked this evergreen truth blog then read more of them, about 1600 so far, or read one or more of my evergreen truth books, especially COMMON SENSE, rays of truth in a human world filled with myths and deceptions.

For a complete readily accessible list of blogs and titles go to twitter.com/uldissprogis.

Enjoy!!!!!!

If you enjoyed this blog then here is a list of my most popular ones which you may also enjoy!!!

https://uldissprogis.com/zlist-of-my-most-popular-blogs/

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