By Emma Gauthier
Capital Information Provider
RICHMOND, Va. — Del. Mark Levine recalls getting a $1,000 loan offer from an organization with a 299% rate of interest buried deeply into the print that is fine.
â€œAs the organization compounds daily only at that rate of interest, this loan would cost anyone hopeless sufficient to simply check out here accept this offer significantly more than $20,000 in interest and charges when they had been to try and spend the $1,000 loan straight back in complete only one 12 months after receiving it,â€ Levine, a Democrat from Alexandria, claimed in a newsletter.