The National Consumer Law Center suggests that states limit balloon payments, interest-only payments, and excessively long loan terms, proposing an outer limit of 24 months for loans of $1,000 or less and 12 months for loans of $500 or less.

Authors

• Person: Not available Organization: National Consumer Law Center
  Predatory Installment Lending in the States: How Well Do ... - NCLC

Sources

• Predatory Installment Lending in the States: How Well Do ... - NCLC www.nclc.org National Consumer Law Center via serper

Referenced by nodes (1)

• National Consumer Law Center entity