With fees capped at 14% and interest capped at 35% APR, a doubling could still be legal if they have 2 years to repay, especially with frequent compounding.
Not that children have the patience to wait 2 years for a return on their investment, though.
With fees capped at 14% and interest capped at 35% APR, a doubling could still be legal if they have 2 years to repay, especially with frequent compounding.
Not that children have the patience to wait 2 years for a return on their investment, though.