Category Archives: Credit Cards

The Interest Rate and Penalty Charge of 3% Per Month or 36% Per Annum Should Be Reduced to 2% Per Month or 24% Per Annum. Hence, courts may reduce them as reason and equity demand

Posted on July 25, 2014 by Erineus

The Interest Rate and Penalty Charge of 3% Per Month or 36% Per Annum Should Be Reduced to 2% Per Month or 24% Per Annum. In its Complaint, respondent BPI originally imposed the interest and penalty charges at the rate … Continue reading →

Posted in Civil Law, Credit Cards, Interest Rates, Penalty Charge | Tagged , , | Leave a comment