Pay day loans also known as payday loans, check advance loans, deferred deposit loans

Pay day loans also referred to as payday loans, check advance loans, deferred deposit loans, and post dated check loans are short-term, high interest loans in levels of $100 to $1,000 from a payday lender’s store, on the web, and even some banking institutions. Because of their high interest levels up to 300 % APR (apr) payday advances are illegal in certain states. What’s unlawful in every continuing states are payday financing frauds. Continue reading