Setting Fair Interest and Late Charges in a New Jersey Loan Contract
Carlglendon14 Mar, 2026Business
Bad lending terms often start with vague wording. A private lender wants to earn a fair return. A borrower wants clear numbers & predictable payment dates. Trouble begins when the agreement uses broad language, skips fee limits or fails to explain when extra charges apply. In legal disputes, unclear clauses create room for argument.
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