Payday loan - Wikipedia, the free encyclopedia
Issuers of payday loans defend their higher interest rates by saying processing costs for payday loans are .
http://en.wikipedia.org/wiki/Payday_loan

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Fact Sheet On Payday Loans
"Payday" loans are small, short-term loans made by check cashers or similar businesses at extremely high interest rates. Typically, a borrower writes a personal .
http://www.consumersunion.org/finance/paydayfact.htm


How to Calculate the Interest Rate on Payday Loans
How to Calculate the Interest Rate on Payday Loans. Payday lenders, their trade association, and even some regulators and news reporters seem to believe that .
http://www.stoppaydaypredators.org/pdfs2/aaapl_howtocal.pdf

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4 alternatives to payday lending
Payday loans often create more problems than they solve. . Loan program -- known as SALO -- which offers no-fee loans with a 12 percent interest rate.
http://www.bankrate.com/finance/personal-finance/4-alternatives-to-payday-lending-1.aspx

Congress to limit interest rates for payday loans - msnbc.com
Sep 29, 2006 . WASHINGTON — Interest rates on payday loans to military service members would be limited under an agreement reached Friday by House .
http://www.msnbc.msn.com/id/15062520/ns/business-us_business/t/congress-limit-interest-rates-payday-loans/

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On Poverty, Interest Rates, and Payday Loans - Megan McArdle ...
Nov 18, 2009 . Felix Salmon responds rather pungently to my post on debt. I certainly didn't mean to imply that…
http://www.theatlantic.com/business/archive/2009/11/on-poverty-interest-rates-and-payday-loans/30431/

Payday Loans: Beware of These Dangerous Loans
Payday loans are easy to get and don't require any sort of credit check, but are . and borrowing money with such a high interest rate just makes matters worse.
http://financialplan.about.com/od/creditdebtmanagement/a/Payday-Loans-Are-Dangerous.htm

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State-by-state Payday Loan Summary | Credit.com
Each state has it's own set payday lending laws. See what your .
http://www.credit.com/credit_information/credit_law/PaydayLoanLaws.jsp

Idaho's Payday Lenders Could Face Interest Rate Cap | StateImpact ...
Feb 16, 2012 . There are 222 payday lenders in Idaho. Idaho lawmakers are considering a bill to cap how much interest payday lenders can charge borrowers .
http://stateimpact.npr.org/idaho/2012/02/16/idahos-payday-lenders-could-face-interest-rate-cap/

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Payday lenders targeted for interest rates » Local News » The ...
Feb 8, 2011 . Payday lenders targeted for interest rates. By Ronnie Ellis CNHI News Service The Richmond Register Tue Feb 08, 2011, 04:00 PM EST .
http://richmondregister.com/localnews/x2072624839/Payday-lenders-targeted-for-interest-rates

Average Interest Rates for Payday Loans | Payday Loans Online ...
Average Interest Rates for Payday Loans. If you are strapped for cash and are contemplating taking out a payday loan, there are several things you should first .
http://www.paydayloansonlineresource.org/average-interest-rates-for-payday-loans/

Payday Lenders Pose as Brokers to Evade Interest Rate Caps
this scheme, payday lenders charge the maximum interest rate allowed on the . payday loans on the same terms, protecting their triple-digit interest rates and .
http://www.responsiblelending.org/payday-lending/policy-legislation/states/CRL-CSO-Issue-Brief-FINAL.pdf

Ohio Payday Lender Interest Rate Cap, Issue 5 (2008) - Ballotpedia
Jul 8, 2011 . Ohio Payday Lender Interest Rate Cap, Issue 5 was a referendum on the November 4, 2008 ballot in Ohio. The question it asked voters was .
http://ballotpedia.org/wiki/index.php/Ohio_Payday_Lender_Interest_Rate_Cap,_Issue_5_(2008)

Online Payday Loan - Prime Rate
Interest rates on payday loans can be several hundred percent of the loan amount. For example, a $100, two-week payday loan with a $15 charge will yield a .
http://www.wsjprimerate.us/payday-loans-good-or-bad-idea.htm

Payday lenders find new home online; interest rates hit 1000 percent
Dec 18, 2011 . The initiative capped at 36 percent the interest fees and charges that payday, title and retail installment lenders can assess customers.
http://missoulian.com/news/local/payday-lenders-find-new-home-online-interest-rates-hit-percent/article_a428eea2-2922-11e1-b2eb-001871e3ce6c.html

CFPB to examine payday lending | Bankrate.com
Jan 25, 2012 . Payday loans are short-term debts for relatively small amounts of money with through-the-roof interest rates. Traditionally, payday lenders .
http://www.bankrate.com/financing/banking/cfpb-to-examine-payday-lending/

6 ways to avoid high-interest payday loans
May 6, 2010 . Dear Debt Adviser, I am drowning in payday loans, delinquent credit cards, doctor bills and utilities, etc. The local consumer credit counseling .
http://www.bankrate.com/finance/debt/6-alternatives-to-payday-loans.aspx

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PayDayLoanInfo.org
Payday loans are extremely expensive cash advances that must be repaid in full . risk of becoming trapped in repeat borrowing due to triple-digit interest rates, .
http://www.paydayloaninfo.org/

Payday Loans Fees and Interest Rates: Fair Comparison?
I consider payday loans one of the worst forms of debt. That being said, in states where these services are still legal, they provide a way for struggling individuals .
http://www.consumerismcommentary.com/payday-loans-fees-and-interest-rates-fair-comparison/

What determines payday loan interest rates? - Check 'n Go
Payday loan and cash advance loan interest rates are regulated by state and federal law. When taking out a payday loan or cash advance loan, you should be .
http://www.checkngo.com/resources/faq/payday-loans/general/payday-loan-interest-rates.aspx

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  • Consumers Warned of Online Payday Loan Sites
    "Internet payday loans cost up to $30 per $100 borrowed and must be repaid or . Only 38 sites disclosed the annual interest rates for loans prior to customers .
    http://usgovinfo.about.com/od/consumerawareness/a/paydayloans.htm

  • PolitiFact | The Obameter: Cap interest rates on payday loans and ...
    Jul 21, 2010 . Will limit interest rates on payday loans to 36 percent "because predatory lending continues to be a major problem for low and middle income .
    http://www.politifact.com/truth-o-meter/promises/obameter/promise/323/cap-interest-rates-on-payday-loans-and-improve-dis/

  • Loans with triple-digit interest - MSN Money
    After all, the effective interest rates on payday loans are mind-boggling. Let's say you write a payday lender a postdated check for $300 and get $255 in cash, .
    http://articles.moneycentral.msn.com/Banking/BetterBanking/SomeBanksAsBadAsPaydayLenders.aspx

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  • Why Do Payday Loans Have High Interest Rates | Superloanpros.com
    Payday loans have an industry-wide reputation for being very high interest rate loans. Some estimates suggest that the interest rate for a single payday loan can .
    http://www.superloanpros.com/learn/payday-loans-2

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  • Illinois Attorney General - Payday Loans
    The truth is: Payday loans are an extremely expensive form of borrowing money. They often carry triple-digit interest rates and include all kinds of hidden fees.
    http://illinoisattorneygeneral.gov/consumers/paydayloans.html

  • Payday Loans | Issues | NCLC
    The fees for payday loans are exorbitant with effective interest rates that can top 1000 percent. The repeal of usury laws has allowed payday loans and other .
    http://www.nclc.org/issues/payday-loans.html

  • Want To Stop High Interest Rates on Payday Loans ...
    For the first time ever, The Americans for Fairness in Lending (AAFIL) are opposing a bill in congress, that will cap interest rates for payday loans. Why, you ask .
    http://www.moneynowusa.com/v1/articles/want-to-stop-high-interest-rates-on-payday-loans.php

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  • Letter: Support Curbs On Payday Lending Interest Rates - Johnston ...
    Mar 23, 2012 . A consortium of groups and individuals is calling on the Rhode Island General Assembly to support limits on the interest rate allowed on .
    http://johnston.patch.com/articles/letter-support-curbs-on-payday-lending

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  • Want To Stop High Interest Rates on Payday Loans ...
    For the first time ever, The Americans for Fairness in Lending (AAFIL) are opposing a bill in congress, that will cap interest rates for payday loans. Why, you ask .
    http://www.moneynowusa.com/v1/articles/want-to-stop-high-interest-rates-on-payday-loans.php

  • Payday Lenders | Showdown in America
    Here are just a few facts about payday lending in America today: Most shops charge you an astounding 400% interest rate for a 30-day loan causing many .
    http://showdowninamerica.org/problem-solution/payday-lenders

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  • Payday Loans - Community Legal Services, Inc.
    Fortunately for Pennsylvania residents, payday lending at triple-digit interest rates has long been illegal under Pennsylvania law. Our state strictly regulates .
    http://www.clsphila.org/Content.aspx?id=603

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  • Payday lenders: Small loans, hefty fees, big problem
    New Mexico allows payday lenders to charge up to 417 percent annual interest. But as Felts' situation shows, rate caps might be ignored by online lenders .
    http://www.consumerreports.org/cro/aboutus/mission/viewpoint/small-loan-big-problems/overview/small-loan-big-trouble-ov.htm

  • California Payday Loans Have Low Interest Rates
    California payday loans have mandatory lower interest rates than other states. Read this article to understand payday loans in California.
    http://www.paydaycashadvanceloans.biz/articles_california-payday-loans-have-low-interest-rates.asp

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  • New York to Payday Lenders: "Pay Up" | Save | Get the best rates on ...
    According to the New York State Attorney General's office, all of the companies were charging onerous interest rates for payday loans. Some loans came with .
    http://www.bankingmyway.com/save/new-york-payday-lenders-pay

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  • Why low-interest payday loans could scale | Felix Salmon
    Jan 8, 2012 . Are low-interest payday loans from credit unions “a game changer that . Even on pay day loans, the interest rates are too high, even if some of .
    http://blogs.reuters.com/felix-salmon/2012/01/08/why-low-interest-payday-loans-could-scale/

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    Loans come in a variety of shapes (types), sizes (loan amounts), and prices ( interest rates and other costs). From short term payday loan and cash advances to .
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  • Payday Loan Interest | Payday Loan Interest Rate | Payday Loan ...
    Aug 26, 2010 . Lenders in these states and in the District of Columbia are prohibited to charge extremely high payday loan interest rates from borrowers.
    http://www.debtconsolidationpaydayloan.com/16-states-where-extremely-high-payday-loan-interest-rates-are-strictly-prohibited/

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  • Kentucky Coalition for Responsible Lending
    Payday lenders are permitted to charge an annual interest rate of 400 percent. For several years, our coalition has sought a change in Kentucky law that would .
    http://kyresponsiblelending.wordpress.com/

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  • Pawnshop Interest Rates vs Payday Loans - Dolphin Cash
    Pawnshop companies make money by giving short-term loans to customers who offer jewelry, electronics, tools, musical instruments and other merchandise as .
    http://dolphincash.com/pawnshop-interest-rates-vs-payday-loans.php

  • How "payday" lenders pull off crippling rates - CBS News
    Sep 26, 2011 . So he and his wife got a $250 payday loan from an online lender 500 FASTCASH. It charged an annual interest rate of 476 percent.
    http://www.cbsnews.com/2100-18563_162-20111913.html

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  • The Free Market: In Defense of Payday Lending
    Plenty, according to the critics of the payday lending industry. First, the effective annualized interest rates charged on payday loans are relatively high when .
    http://mises.org/freemarket_detail.aspx?control=454


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  • Payday lending makes banks big profits » peoplesworld
    Mar 13, 2012 . The bureau plans to regulate the "traditional" payday lenders, who often exploit low-income and minority communities with annual interest rates .
    http://peoplesworld.org/payday-lending-makes-banks-big-profits/

  • Alabama Payday Loans | Online Cash Advances in AL
    Interest rates on payday loans in Alabama are high when compared with other types of loans. The state allows a maximum finance rate of 17.5 percent of the .
    https://www.paydayloan90.com/Alabama-payday-loans.html

    Former Google Exec Jumps Into Payday Lending with ZestCash ...
    Nov 9, 2011 . And the site certainly looks better than your typical payday lender. . But when one is talking in either case about interest rates of more than .
    http://www.dailyfinance.com/2011/11/09/former-google-exec-jumps-into-payday-lending-with-zestcash/


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  • Payday Loans | Fired Up! Missouri
    Feb 10, 2012. interest rates that payday loan companies can charge their clients, a group . KC Better Business Bureau: Payday Loans "Almost Guarantee .
    http://firedupmissouri.com/category/topics/payday-loans

  • Banks Drawn to Payday Lending | LoanSafe
    Mar 19, 2012 . Nearly 400 of them now are in the market, attracted by a 2010 change in regulations that boosted the maximum interest rate on payday loans to .
    http://www.loansafe.org/banks-drawn-to-payday-lending

    Do people take out payday loans because they're desperate, or ...
    Jul 22, 2009 . The average payday loan has an annual interest rate of more than 400 percent. Payday lenders themselves argue that they're being victimized .
    http://www.slate.com/articles/business/the_dismal_science/2009/07/400_percent_apr_is_that_good.html

  • States Imposing Interest-Rate Caps to Rein In Payday Lenders ...
    Aug 9, 2008 . Subprime turmoil has led some states to take action against payday lenders, which offer high-interest loans to cash-strapped borrowers.
    http://online.wsj.com/article/SB121823792045425793.html

  • Groups launch initiative effort to cap payday loans at 36%
    Feb 24, 2010 . Groups launch initiative effort to cap payday loans at 36% . at 36 percent the annual interest rates that payday lending businesses can charge, .
    http://helenair.com/news/local/state-and-regional/article_2292aed0-2110-11df-bc18-001cc4c002e0.html

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  • IowaPolitics.com: Iowans for Payday Loan Reform: Iowa poll reveals ...
    Jan 26, 2011 . IPLR is urging the state legislature to cap interest rates on payday loans that currently can reach 400 percent annually. A bill will be introduced .
    http://www.iowapolitics.com/index.iml?Article=224730


Illinois People's Action » Payday Lending
Payday Lending = Predatory Lending. Did you know that Illinois law permits payday loan stores to charge borrowers up to 400% interest rates? This means a .
http://illinoispeoplesaction.org/ipa-issues/payday-lending/

Payday Loans - Answers to Frequently Asked Questions
Mar 29, 2012 . With some lenders, the interest rate (which is already high for payday loans) will increase for rollovers. You should always avoid payday loan .
http://paydayloanslearning.com/

Every day, we search the web to find the very

Low Interest Payday Loans - Boston Apartments
Payday loans are loans which are small and short term in nature. They are usually . not flexible in their interest rate and they fluctuate a lot. Since it is quiet .
http://www.bostonapartments.com/loans/low_interest_payday_loans.html


Payday lending interest rates forced down in Ohio
Jun 3, 2008 . TweetEmailOn Monday, Ohio Governor Ted Strickland signed a law capping payday loan interest rates at 28% and limiting borrowers to 4 .
http://caveatemptorblog.com/payday-lending-interest-rates-forced-down-in-ohio/

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