Laws

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 …

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

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

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

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

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

Payday loans help people with bad credit get fast cash. Unfortunately, so many state regulations allow such high finance charges and short repayment terms that the loans often trap borrowers in a cycle of debt. If you’re considering taking out a payday loan in Virginia, here’s what you should know about the Virginia payday loan …

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