Westland girl had 350% rate of interest on $1,200 loan — and it is allowed by a loophole. Just how can they escape with triple-digit loans?

Westland girl had 350% rate of interest on $1,200 loan — and it is allowed by a loophole. Just how can they escape with triple-digit loans? Karl Swiger could not think just just just how their 20-something child somehow lent $1,200 online and got stuck with an interest that is annual of approximately 350%. “When…