# Financial guru's hop in. **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [January 31, 2009, 3:12pm UTC](https://forums.speedlife.net/t/financial-gurus-hop-in/62244 "2009-01-31T15:12:19Z")\ **Posts on this page:** 18\ **Page:** 1
**Author:** ![mechanicalmadness](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/mechanicalmadness/32/5022_2.png) [@mechanicalmadness](https://forums.speedlife.net/u/mechanicalmadness)\ **Post date:** [January 31, 2009, 3:12pm UTC](https://forums.speedlife.net/t/financial-gurus-hop-in/62244/1 "2009-01-31T15:12:19Z")
So I have a quick question. What is the legal APR a Credit card company can charge you? Last i heard it was 28.9% or something like that. Ideas comments suggestions? ---
**Author:** ![Beck](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/beck/32/28683_2.png) [@Beck](https://forums.speedlife.net/u/Beck)\ **Post date:** [January 31, 2009, 3:20pm UTC](https://forums.speedlife.net/t/financial-gurus-hop-in/62244/2 "2009-01-31T15:20:19Z")
there are multiple kinds of rates involved with credit cards. cash advances, variable rates, fixed rates, etc. etc. but yes, 36% is the highest LEGAL APR you can be forced to pay. These are generally contractual “default rates”, if you miss a payment etc. etc. However, your average rate will be much lower, until you miss a payment. ---
**Author:** ![Beck](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/beck/32/28683_2.png) [@Beck](https://forums.speedlife.net/u/Beck)\ **Post date:** [January 31, 2009, 3:24pm UTC](https://forums.speedlife.net/t/financial-gurus-hop-in/62244/3 "2009-01-31T15:24:00Z")
I guess, i just don’t get your question. What kind of suggestions are you looking for? ---
**Author:** ![mechanicalmadness](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/mechanicalmadness/32/5022_2.png) [@mechanicalmadness](https://forums.speedlife.net/u/mechanicalmadness)\ **Post date:** [January 31, 2009, 3:37pm UTC](https://forums.speedlife.net/t/financial-gurus-hop-in/62244/4 "2009-01-31T15:37:16Z")
^^^ NAh no suggestions really. WAs just looking for an answer really. Thats just something i threw in there out of habit. ---
**Author:** ![ieatpaint](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ieatpaint/32/7311_2.png) [@ieatpaint](https://forums.speedlife.net/u/ieatpaint)\ **Post date:** [January 31, 2009, 3:40pm UTC](https://forums.speedlife.net/t/financial-gurus-hop-in/62244/5 "2009-01-31T15:40:41Z")
Financial\* ---
**Author:** ![Geehee](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/geehee/32/7238_2.png) [@Geehee](https://forums.speedlife.net/u/Geehee)\ **Post date:** [January 31, 2009, 4:06pm UTC](https://forums.speedlife.net/t/financial-gurus-hop-in/62244/6 "2009-01-31T16:06:33Z")
> [@ieatpaint315](#): > > Financial\* thank god i wasnt the only one that cringed at that. ---
**Author:** ![ieatpaint](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ieatpaint/32/7311_2.png) [@ieatpaint](https://forums.speedlife.net/u/ieatpaint)\ **Post date:** [January 31, 2009, 4:08pm UTC](https://forums.speedlife.net/t/financial-gurus-hop-in/62244/7 "2009-01-31T16:08:44Z")
fuckin brutal. ---
**Author:** ![mechanicalmadness](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/mechanicalmadness/32/5022_2.png) [@mechanicalmadness](https://forums.speedlife.net/u/mechanicalmadness)\ **Post date:** [January 31, 2009, 5:16pm UTC](https://forums.speedlife.net/t/financial-gurus-hop-in/62244/8 "2009-01-31T17:16:29Z")
> [@ieatpaint315](#): > > Financial\* LOl my bad spelling wiz. usually when i am posting something during the day i have a few distractions around me so shit happens. But in all honesty i could care less about what you think of my spelling. Thank you for the correction however. ---
**Author:** ![ieatpaint](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ieatpaint/32/7311_2.png) [@ieatpaint](https://forums.speedlife.net/u/ieatpaint)\ **Post date:** [January 31, 2009, 5:22pm UTC](https://forums.speedlife.net/t/financial-gurus-hop-in/62244/9 "2009-01-31T17:22:38Z")
So you care a little bit? ---
**Author:** ![deebo](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/deebo/32/5218_2.png) [@deebo](https://forums.speedlife.net/u/deebo)\ **Post date:** [January 31, 2009, 5:23pm UTC](https://forums.speedlife.net/t/financial-gurus-hop-in/62244/10 "2009-01-31T17:23:29Z")
how can someone give u ideas or suggestionson this topic if there is nothing presented? ---
**Author:** ![mechanicalmadness](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/mechanicalmadness/32/5022_2.png) [@mechanicalmadness](https://forums.speedlife.net/u/mechanicalmadness)\ **Post date:** [January 31, 2009, 5:40pm UTC](https://forums.speedlife.net/t/financial-gurus-hop-in/62244/11 "2009-01-31T17:40:16Z")
> [@ieatpaint315](#): > > So you care a little bit? Nahh. I stopped trying to impress people on the interweb back when Napster was cool . Debo as I stated a few posts down from my original post that is something i put on there out of habit. I already got my answer ---
**Author:** ![deebo](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/deebo/32/5218_2.png) [@deebo](https://forums.speedlife.net/u/deebo)\ **Post date:** [January 31, 2009, 6:57pm UTC](https://forums.speedlife.net/t/financial-gurus-hop-in/62244/12 "2009-01-31T18:57:11Z")
oh yes i re-read it and actually understand now lol ---
**Author:** ![BigRon](https://avatars.discourse-cdn.com/v4/letter/b/58956e/32.png) [@BigRon](https://forums.speedlife.net/u/BigRon)\ **Post date:** [January 31, 2009, 10:30pm UTC](https://forums.speedlife.net/t/financial-gurus-hop-in/62244/13 "2009-01-31T22:30:39Z")
Isn’t NY usury law 25%? Edit: [http://law.onecle.com/new-york/penal/PEN0190.42\_190.42.html](http://law.onecle.com/new-york/penal/PEN0190.42_190.42.html) ---
**Author:** ![Penfold](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/penfold/32/5007_2.png) [@Penfold](https://forums.speedlife.net/u/Penfold)\ **Post date:** [February 1, 2009, 5:33am UTC](https://forums.speedlife.net/t/financial-gurus-hop-in/62244/14 "2009-02-01T05:33:02Z")
> [@mechanicalmadness"](#): > > So I have a quick question. What is the legal APR a Credit card company can charge you? Last i heard it was 28.9% or something like that. Ideas comments suggestions? I will lend you money for 25%/month. :snky: ---
**Author:** ![travisn](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/travisn/32/5046_2.png) [@travisn](https://forums.speedlife.net/u/travisn)\ **Post date:** [February 1, 2009, 7:01am UTC](https://forums.speedlife.net/t/financial-gurus-hop-in/62244/15 "2009-02-01T07:01:15Z")
> [@Penfold](#): > > I will lend you money for 25%/month. :snky: “at a rate exceeding twenty-five per centum per annum” [LEFT]isnt that 25% per year aka apr? not per month? I am confused sorta [/LEFT] ---
**Author:** ![mechanicalmadness](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/mechanicalmadness/32/5022_2.png) [@mechanicalmadness](https://forums.speedlife.net/u/mechanicalmadness)\ **Post date:** [February 1, 2009, 7:55am UTC](https://forums.speedlife.net/t/financial-gurus-hop-in/62244/16 "2009-02-01T07:55:53Z")
APR is Annual Percentage Rate…I believe. I dont need you to lend me money Penfold. Though i do appreciate the offer. i was simply wondering. ---
**Author:** ![Willybeen](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/willybeen/32/7351_2.png) [@Willybeen](https://forums.speedlife.net/u/Willybeen)\ **Post date:** [February 1, 2009, 8:13am UTC](https://forums.speedlife.net/t/financial-gurus-hop-in/62244/17 "2009-02-01T08:13:02Z")
lol @ ieatpaint. :haha: ---
**Author:** ![Beck](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/beck/32/28683_2.png) [@Beck](https://forums.speedlife.net/u/Beck)\ **Post date:** [February 1, 2009, 10:35am UTC](https://forums.speedlife.net/t/financial-gurus-hop-in/62244/18 "2009-02-01T10:35:21Z")
> [@BigRon](#): > > Isn’t NY usury law 25%? > > Edit: [New York Penal Law Section 190.42 - Criminal usury in the first degree. - New York Attorney Resources - New York Laws](http://law.onecle.com/new-york/penal/PEN0190.42_190.42.html) Vehicle APR rates have a maximum of 24.99%