Payday Loans

Illinois Payday Loan Laws: The Ultimate Legislative Guide [Updated: 2021]

Payday loans are a controversial topic across America, thanks to their tendency to trap borrowers in debt. Unfortunately, each state can regulate the predatory industry within their borders how they see fit, and some do a better job than others. Here’s what you should know about the Illinois payday loan laws if you live in …

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Nevada Payday Loan Laws: The Ultimate Legislative Guide [Updated: 2021]

Payday loans’ tendency to trap borrowers in perpetual debt has made them controversial in America, but the federal government hasn’t stepped in to forbid them. Instead, state governments can regulate them how they see fit, and each one has a different set of rules for the industry. These are the Nevada payday loan laws. Payday …

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Louisiana Payday Loan Laws: The Ultimate Legislative Guide [Updated: 2021]

Payday loans have such high interest rates and short repayment terms that their users often get trapped in a cycle of debt. Despite this, the federal government doesn’t have legislation in place to restrict them. Instead, states can regulate them as they see fit, and each one has different rules. These are the Louisiana payday …

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Texas Payday Loan Laws: The Ultimate Legislative Guide [Updated: 2021]

Payday loans are a short-term, high-interest form of credit that often traps borrowers in a vicious cycle of debt. They’re a controversial topic in America, and because state governments regulate them independently of each other, each one follows a unique ruleset. Here’s what you should know about the Texas payday loan laws if you live …

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Tennessee Payday Loan Laws: The Ultimate Legislative Guide [Updated: 2021]

Payday loans have short repayment terms, high interest rates, and small principal balances. Because they frequently trap borrowers in a cycle of debt, some state governments limit or prohibit them, but that’s not true of the entire country. Here’s what you should know about the Tennessee payday loan laws if you live in the state. …

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Kansas Payday Loan Laws: The Ultimate Legislative Guide [Updated: 2021]

Payday lending is infamous in America for its predatory nature, but the industry is still present in many parts of the country. The federal government leaves it up to individual states to regulate their payday lenders, and each one has a unique approach. Here’s what you should know about the Kansas payday loan laws if …

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What Happens if I Close My Bank Account and Default on a Payday Loan?

It’s a scary feeling if you’ve taken out a payday loan and can’t pay it back. That short-term cash infusion you needed has suddenly spiraled out of control because of high fees and interest rates. The payments are being debited from your account automatically and the money just isn’t there, and now you’re also getting hit …

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Colorado Payday Loan Laws: The Ultimate Legislative Guide [Updated: 2021]

Despite its predatory reputation, payday lending still occurs frequently across America. Because the industry is regulated by state officials — not the federal government — the rules are inconsistent. Here’s what you should know about the Colorado payday loan laws if you live in the state. Payday lending status in Colorado: Prohibited Colorado’s Proposition 111, …

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