What is the highest interest rate allowed by law for an unpaid credit card?

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The legal rate of interest in Florida is 12%; the general usury limit is 18%. On loans above $500,000 the maximum rate is 25%. 

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Thanks for your reply. I live in Florida.


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Depends on the state you live in.  What state are you in?

How to Deal with Unlicensed/Illegal Payday Lenders - Step by Step Instructions

I am not an attorney. I am not offering legal advice. The information and ideas I share are my opinion only and do not necessarily reflect the opinion(s) of the owners of this website.

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