Payday Loans

Don’t Know if You Have Outstanding Payday Loans? Here’s How to Find Out

According to pewtrusts.org, twelve million Americans take out payday loans each year, spending $9 billion on loan fees. On top of that, the average payday loan borrower is in debt for five months of the year, spending an average of $520 in fees to repeatedly borrow $375. The average fee at a storefront loan business …

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Maryland Payday Loan Laws: The Ultimate Legislative Guide [Updated: 2022]

Payday loans are short-term, high-interest loans with no credit check. They’re supposed to help underqualified borrowers in financial distress, but they’re so expensive that they often backfire. That’s made them highly controversial, and state authorities choose to regulate them very differently. Here’s how the Maryland payday loan laws work. Payday lending status in Maryland: Prohibited …

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New Jersey Payday Loan Laws: The Ultimate Legislative Guide [Updated: 2022]

Payday loans are short-term loans with no credit check that unqualified borrowers can use in emergencies. However, they’re highly controversial since their high finance charges often create more problems for borrowers than they solve. As a result, each state regulates them differently. Here’s how the New Jersey payday loan laws work. Payday lending status in …

New Jersey Payday Loan Laws: The Ultimate Legislative Guide [Updated: 2022] Read More »

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