When you need cash fast but struggle with bad credit, you may consider taking out a payday loan. Unfortunately, they have such high finance charges that they usually only make things worse. The Missouri payday loan laws, in particular, lack consumer protections. Here’s everything you should know about them if you live in the state. …
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In theory, the purpose of payday loans is to provide emergency funds to people with bad credit. However, they usually cause more problems than they solve. The best way to protect consumers from the trap they represent is with state regulations. Here’s what you should know about the current Washington payday loan laws if you …
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The federal government imposes few restrictions on payday lending and gives each state the right to create its own rules instead. Despite the controversy surrounding the industry, many parts of the country still let the predatory practice continue. Here’s what you need to know about the Michigan payday loan laws if you live in the …
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Because each state government has the power to create its own regulations for payday loans within its borders, each state is unique. If you’re considering borrowing from a payday lender, you need to know what the law says they can and/or can’t do in your home state. This guide will break down the Mississippi payday …
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Payday loans are supposed to be a way for people with bad credit to get fast cash in emergencies. Unfortunately, they often cost so much that they cause more problems for borrowers than they solve. It’s up to each state to create regulations that protect its consumers from the debt these loans represent, and these …
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The payday loan industry gives people with poor credit access to quick financing. Unfortunately, the lenders involved often take advantage of their borrowers by charging exorbitant prices. The best way to prevent that on a large scale is with state regulation. Here’s a comprehensive review of how well the Utah payday loan laws protect consumers …
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Payday loans are still alive and well in many parts of America. Across the country, 12 million people still use them each year. Because each state government has the power to regulate the industry within their borders, there are 50 distinct rulesets that range from complete prohibition to a total lack of limitations. This guide …
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If you have bad credit, payday loans may seem like the only way to borrow money in an emergency. However, they have such significant finance charges that they usually only make situations worse for consumers. Fortunately, state legislation can mitigate that problem to some degree. Here’s how the South Carolina payday loan laws protect you. …
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Somehow, payday loans are still somewhat divisive in our country. Attitudes toward the industry vary significantly between states. While some feel strongly that the practice is immoral and abusive, others feel that lenders should be able to charge rates as they see fit. The federal government has little control over the matter, and each state …
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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. Stuck in payday debt? If you’re …
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