Can you be charged 175% interest on a loan in New Mexico? Yes, and it’s legal
NEW MEXICO (KRQE) – It’s the kind of transaction you would expect to make in a back alley late at night. Yet in New Mexico, there’s a thriving industry that’s legally cashing in on hundreds of millions of dollars. We’re talking about the storefront installment loan business. Every year, more than 200,000 New Mexicans take out … Full Story
