Скачать или смотреть Legal loan rates in Tennessee can exceed 200%

The maximum interest rate for loans in Tennessee recently increased to 11.5%. But don’t be misled, that cap applies only to mortgage loans.

Other types of loans are governed by entirely different rules. In fact, some legal loans can carry interest rates exceeding 200%.

FOX 17 News' Dennis Ferrier speaks with a Middle Tennessee man whose legal loan ballooned into a financial nightmare.

READ MORE: https://fox17.com/fox-17-investigates...

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Fox 17 provides local news, weather, sports, traffic and entertainment for Nashville and nearby towns and communities in Middle Tennessee, including Forest Hills, Brentwood, Franklin, Fairview, Dickson, Clarksville, White House, Greenbrier, Springfield, Gallatin, Hartsville, Lebanon, Mt Juliet, Smyrna, College Grove, Thompson’s Station, Centerville, Murfreesboro, Columbia, Lewisburg, Shelbyville, Manchester, McMinnville, Smithville, Sparta, Cookeville, Hohenwald, Waverly, Camden, Paris, Lafayette, Portland, and in Kentucky, Russelville, Bowling Green, Franklin, Alvaton, Scottsville, Hopkinsville, Glasgow.

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