Should usury rates be reviewed? Usury means excessive interest. Bell Canada has recently announced that they are changing\r\ntheir interest rate for late payments to 42.58% per annum. Apparently interest rates up to and including 60% are not considered excessive in Canada. Even in a spirited economy, I believe most citizens would feel 24% per annum is too high. How do you feel about this? |
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Posted By | Start MM/DD/YY |
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Shylock | 07/14/10 | 08/11/10 |
Date/Time | Vote | By | Comment |
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14/07/10 | Strongly Agree | Trying... | This seems to be extremely poor timing with the equally hated HST being put in place. But perhaps Bell is inspired by greedy politicians? Just say no! |