April 4, 2025

Smokey Robinson

Loans

Is 725% interest on short-term loan from Clear Air Lending legal?

The father said he didn’t know the interest rate on the loan, other than it was absurdly high. When I looked up the online lender, an apparently legitimate business called Clear Air Lending, I was stunned to see it charges as much as 725 percent on its loans. That’s right, 725 percent. With excellent credit

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