Relating to nationwide information compiled because of the Consumer Federation of America, 31 states allow payday financing. The residual 19 states and Washington, D.C. have actually laws that either explicitly or effectively prohibit pay day loans into the conventional sense—as a two-week, high-interest loan.
But, four states do not have interest-rate caps after all, and something state allows a 1,950% APR for the $100, 14-day loan: Missouri. Pokračování textu What Things To Find Out About Pay Day Loans