http://www.autocreditexpress.com/blog/2009/02/27/illinois-senator-introduces-bill-to-cap-consumer-interest-rates/ Bad Credit Auto Loan Blog Thu, 09 Feb 2012 03:18:49 +0000 hourly 1 http://wordpress.org/?v=3.3 http://www.autocreditexpress.com/blog/2009/02/27/illinois-senator-introduces-bill-to-cap-consumer-interest-rates/comment-page-1/#comment-27027 Dinah Bee Mon, 17 Jan 2011 23:37:14 +0000 http://www.autocreditexpress.com/blog/?p=524#comment-27027 I would just like to sound off about an interest rate our son is being charged for a used vehicle in Illinois because he has NO credit. Not BAD credit, just NO credit! Mainly because he was serving in the Army in Iraq (three terms) until just recently. He is going to be 24 in June. The interest rate he is being charged on a 98 Jeep is 32%. He was forced to get this high rate because he starts college TOMORROW and needs a dependable vehicle to transport him. I find this absolutely DISGUSTING!!! Shame on the car dealer who is charging him this OUTRAGIOUS amount of interest. His father and I have decided to give him the money and he will pay U.S. back with NO INTEREST! We will take care of our own because we are blessed he returned to us after taking care of so many... I would just like to sound off about an interest rate our son is being charged for a used vehicle in Illinois because he has NO credit. Not BAD credit, just NO credit! Mainly because he was serving in the Army in Iraq (three terms) until just recently. He is going to be 24 in June. The interest rate he is being charged on a 98 Jeep is 32%. He was forced to get this high rate because he starts college TOMORROW and needs a dependable vehicle to transport him. I find this absolutely DISGUSTING!!! Shame on the car dealer who is charging him this OUTRAGIOUS amount of interest. His father and I have decided to give him the money and he will pay U.S. back with NO INTEREST! We will take care of our own because we are blessed he returned to us after taking care of so many…

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